Yesterday I watched VICE's new documentary "The Third Industrial Revolution" which is in the format of a presentation by Jeremy Rifkin who is a social and economic theorist, political advisor
“When costs of participation are low enough, any motivation may be sufficient to lead to a contribution.” – Michael Feldstein In his book, “The Penguin and the Leviathan“, Yochai Benkler remarks that “for
“Reputation capital is becoming so important that it will act as a secondary currency.” – Rachel Botsman Currencies in the broadest sense can be understood as symbols that mark and map flows. The word
“Power does not reside in institutions, not even the state or large corporations. It is located in the networks that structure society.” – Manuel Castells When we review history, we find that whenever
The pillars of capitalism were built on the foundation of slavery. The universal conversion of life into labour is the capitalist means of domination. A core requirement of a capitalist society is that
“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.” –Kenneth Boulding We’ve known for several decades of the scale of destruction caused by
“Money is not wealth, we are!” –Jem Bendell Social capital broadly refers to the value and integrity of social relationships. It includes things such as friendship, neighbourhood trust, social mobility,
The commons refers to the collective heritage of humanity – the shared wealth of a community, to which every person has an equal interest and no one can own. The commons can be divided into three spheres.
“Much of the present misery in the world derives from a general failure to understand the nature of money, banking, and credit.” – Thomas H. Greco, Jr There has long been a common misconception that money
The dominant influence of money is so pervasive in today’s World that it’s easy for people to forget that the economy has not always operated using money and markets. It’s important to look at the history
“Money, credit, and capital are, quite literally, systems of writing.” – Marieke de Goede Money is inextricably woven into our civilization’s defining story of self. It’s often been said that money makes
