Skip to main content
city-green-journal-600.jpg

If our current system is broken, then what do we want instead?

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”.

Read the full article on RSA.

Publication date: 2015-08-25
Parent publication: RSA Journal
Publication URL: A Social Capitalism

More related work

July 7, 2020
The role of regional cooperative banks

The role of regional cooperative banks in community wealth building

An important shift brought about by the community wealth building movement is towards regionalizing and localizing financial flows and keeping money in communities through initiatives such as local currencies and community banks. This is now rapidly catching on in the UK.

read more
July 7, 2020
Default Image

Building the democratic economy, from Preston to Cleveland

In June 2018 The Laura Flanders Show released a special report, “Building the Democratic Economy, from Preston to Cleveland ,” co-produced with The Democracy Collaborative. The documentary features the exciting trajectory of a new model of inclusive, democratic local economic development in what had

read more
July 7, 2020
The Preston model

The Preston model: An overview

The “Preston Model” is helping inspire a new conversation about the role of local government in catalyzing locally-driven economic revitalization and transforming patterns of ownership towards democratic alternatives.

read more