Our current financial system is failing. It’s time to overturn corporate capitalism and let community systems flourish in its place.
Gar Alperovitz writes for the RSA Journal on the systemic crisis that we face, where in history we stand, and what we can do about it (and what we're already doing about it).
Times have changed, and in profound ways. For many, the continuing build-up of long-running economic and ecological crises has put the idea that the system is broken squarely on the table. Faith in corporate capitalism as the best of all possible economic worlds simply could not be maintained after the global financial crash of 2007-2008. Klaus Schwab, founder and executive chairman of the World Economic Forum, opened the 2012 meeting of global elites at Davos with a statement claiming that “capitalism in its current form no longer fits the world around us”.