Friday, January 8, 2016

Fork the Economy

Here's Douglas Rushkoff's blog post by the above name, previewing his new book Throwing Rocks at the Google Bus. A few excerpts from the blog:

"We have to stop looking at our economy as a broken system, but one that is working absolutely true to its original design. It’s time to be progressive — and this means initiating systemic changes. [...] We are not witnessing capitalism gone wrong — an otherwise egalitarian currency system has not been corrupted by greedy bankers — but, rather, capitalism doing exactly what it was programmed to do from the beginning. To fix it, we would have to dig down to its most fundamental code, and rewrite it to serve people instead of power."

"We are moving toward an economic plateau; but, while a steady state economy of slow or no growth is good for people and planet, it is utterly incompatible with the money system on which our economy is still based. [...] As I’ve argued in my upcoming book, Throwing Rocks at the Google Bus, we are running a 21st Century digital economy on a 13th Century printing press-era operating system. The opportunity of a digital age and the sensibilities it brings is to reprogram money to favor transaction over accumulation — flow over growth."

"That’s why, as we embark on another election year, we must stop looking toward candidates to tweak one knob or the other on our existing economy or monetary system.[...] What those who hope to rein in the banking industry must do instead is break its monopoly over value creation and exchange by fostering competitive currencies, alternative corporate structures, worker-ownership, and restored respect for land and labor instead of just capital."

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