Immanuel Wallerstein on when Capitalism will die
Chaos until 2050 while capitalism dies — Davos (hierarchy, exploitation, polarization) will try to prevent Puerto Alegre (democratic, egalitarian, efficient resource management – no waste). Three catastrophic possibilities: environmental crisis, pandemics, nuclear war. Entire capitalist system creates toxins that are “dumped in the river.” If true cost economics are respected, “profit” in sense of accumulation and hoarding must end. Need pervasive cultural change that in turn impacts on choices, investments, technology applications. Phi Beta Iota: compelling.
Second reference and graphic below the fold.
Smarter regulation for the sharing economy
