Feb 5, 2011, Multiply, Book Review Capitalism,

Book review, Capitalism 3.0, Peter Barnes

Feb 5, '11 10:04 PM for everyone

BOOK REVIEW

PETER BARNES

CAPITALISM 3.0

I’ve copied this video link from a friends page, the full version lasts 50 minutes and I listened to it while doing some housework. The guys voice can get a bit tedious, but despite that I found myself being drawn into his thinking. It doesn’t matter if you agree with him or not, this seems to me like pretty original ‘ out of the box’ thinking. Not every one will have the time for this, or the inclination, but for me, it was worth it.
The video of him explaining his book
http://fora.tv/2006/10/30/Capitalism_3_0
short review of the same book

http://www.capitalism3.com/home
Our current version of capitalism—the corporate, globalized version 2.0—is rapidly squandering our shared inheritances. Now, Peter Barnes offers a solution: protect the commons by giving it property rights and strong institutional managers.
Barnes shows how capitalism—like a computer—is run by an operating system. Our current operating system gives too much power to profit-maximizing corporations that devour our commons and distribute most of their profit to a sliver of the population. And government—which in theory should defend our commons—is all too often a tool of those very corporations.
Barnes proposes a revised operating system—Capitalism 3.0—that protects the commons while preserving the many strengths of capitalism as we know it. His major innovation is the commons trust—a market-based entity with the power to limit use of scarce commons, charge rent, and pay dividends to everyone.
Capitalism 3.0 offers a practical alternative to our current flawed economic system. It points the way to a future in which we can retain capitalism's virtues while mitigating its vices.

Tags: peterbarnes, book

Prev: Leon Russell, Back to the Island
Next: Mean Green Mother :-)

reply edit delete

3 Comments

Add a Comment

delete reply acousticeagle wrote on Feb 6, '11 forgetmenot525 said Our current operating system gives too much power to profit-maximizing corporations that devour our commons and distribute most of their profit to a sliver of the population. I think books like these are worthwhile reading. Reclaiming the commons begins, I believe, with the attitude of the individual and the more the individual can resist going with the mirey flow of capitalist self-interest, the more one can consider that the world could be changed to a greater equity for all.

edit delete reply forgetmenot525 wrote on Feb 6, '11 skeezicks1957 said I am glad you liked the program. I still have to finish watching it but liked what I have seen and heard so far. thanks for the link, I thought it was really interesting.

delete reply skeezicks1957 wrote on Feb 6, '11 I am glad you liked the program. I still have to finish watching it but liked what I have seen and heard so far.