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Market economy made human

Lappé’s title says ‘capitalism that works for all,’ but it’s clear that what she means is ‘market economics that works for all.’ (That’s why I inserted “(sic)” into her title. Her title is much more interesting, but considering her first couple paragraphs, a little strange since obviously incorrect. Anyway, I’m nitpicking. The story she’s reporting on is good and deserves to be spread around.

Capitalism [sic] That Works For All
By Frances Moore Lappé, AlterNet
Posted on June 23, 2006, Printed on June 23, 2006
http://www.alternet.org/story/37920/

A market economy and capitalism are synonymous — or at least joined at the hip. That’s what most Americans grow up assuming. But it is not necessarily so. Capitalism — control by those supplying the capital in order to return wealth to shareholders — is only one way to drive a market.

Granted, it is hard to imagine another possibility for how an economy could work in the abstract. It helps to have a real-life example.

And now I do.

[ cont’d ]

PS: May I interest you in some Ethical Markets?

PPS: See also, Wikipedia on Mondragon.


Chelsea Green Weekly for May 5, 2017

Ever wonder what your favorite Chelsea Green authors do between writing groundbreaking–both literally and figuratively–books? Here are the best links and resources for your weekend reading pleasure. Let’s start with The Alzheimer’s Antidote. The Alzheimer’s Antidote Amy Berger has been making the rounds on the health, wellness, and fitness circuit, explaining the theories behind her revolutionary […] Read More

Q&A with Kate Raworth about her radical new book, DOUGHNUT ECONOMICS

Q: First things first: Why did you want to write this book? A: I studied economics at university 25 years ago because I wanted to make a difference in the world and believed that economics – the mother tongue of public policy – would best equip me to do that. Instead, its theories left me […] Read More

Chelsea Green: In the Media 2016

Oh, 2016. Where did the time go? Each year, Chelsea Green receives hundreds of mentions (well over 1000 in 2016) in the media both big and small. From interviews, to excerpts, to opinion pieces by authors we’re always working to make sure that the mission and message of each book is spread far and wide. […] Read More

Slack and Taut: Defining a System’s Resilience

A resilient future (or a resilient present, for that matter) needs to be slack, not taut. What do we mean? Core to the concept of a Lean Economy is understanding the need to move toward a “slack” market rather than one that is “taut.” When British economist David Fleming died unexpectedly in 2010, he left […] Read More

Prehistory of the Next American Revolution

What now? A new Revolution? If we are to counter the dangers both of corporate domination and of traditional forms of socialist statism, decentralization is essential—both of economic institutions and of political structure. We are at a point in our nation’s history that could, decades from now, be taught as the prehistory of the next […] Read More
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