Future Markets Consultation

Towards a New Market Economy in Europe for Future Generations

Livecasts with renowed economists, an essay contest & more

Articles & Blogs Critiquing / Reinventing Capitalism

Hand-picked for you from around the web + original content published just on the Moral Markets site

The Future of Capitalism; A Series of Online Dialogues

Through a series of ten public online dialogues we will explore solutions and bring together researchers from around the world to rethink capitalism. How can the freedom and innovative potential of free markets be squared with the requirements of ecological sustainability and social justice as well as inclusiveness? Speakers include Elizabeth Anderson, Paul Collier, Joseph Stiglitz, Mohammed Yunus and Luigi Zingales (and others). Join us for this series of online events from September to November 2020.

Debate Series on Sustainable & Just Free Markets with Nobel Prize Winners Joseph Stiglitz & Mohammad Yunus

On September 21, researchers from four Dutch universities will start an international consultation that will investigate the options for a sustainable and just free market in Europe. Central part of the consultation is a series of live casts on “The Future of Capitalism” with internationally renowned economists, including Nobel Prize winners Joseph Stiglitz and Mohammad Yunus. The series is organized in collaboration with Dutch debating center Pakhuis de Zwijger. Under the leadership of former Prime Minister Jan Peter Balkenende, ideas from the consultation will be bundled in a report that will be published in 2021. [Press Release]

The Post-Capitalist Hit of the Summer

“The pandemic has reinforced that which has been undermining the foundation of capitalism since 2008: the link between profit and capital accumulation. The current crisis has revealed a post-capitalist economy in which the markets for real goods and services no longer coordinate economic decision-making”, writes Yanis Varoufakis.

Towards an Innovative, Inclusive and Sustainable Market Economy in Europe – Starter Paper Future Markets Consultation

If we are looking for a place where the new perspectives on an economy geared toward sustainable human flourishing, an ‘economy for the common good’ can be embodied, Europe, as the continent in which the search for such an economy has always been on the agenda, seems to be the most likely candidate.

This is the starter paper for the Future Markets Consultation, which will run into the fall of 2020. The goal is to develop a new economic vision for Europe, enabling human flourishing for all in an ecologically sustainable way. You are cordially invited to participate!

Big Tech Earnings Confirm Allegations of Excessive Market Power

“In the same quarter when the U.S. economy suffered the biggest contraction in recorded history, all four of these companies posted profits that beat expectations on Wall Street. Facebook, Amazon, Google, and Apple took in a combined $206 billion in revenue and $29 billion in profit over the three-month stretch, which saw a reduction in GDP of an annualized 32.9 percent. This soaring market share has grown during the pandemic, cementing that the products of these companies are essential national infrastructure that needs to be monitored as such for anti-competitive harms. It also shows that a boycott-dominated approach to limiting Big Tech’s power is simply impossible.”

Reimagining Capitalism in the Shadow of the Pandemic

“While free markets are an unparalleled source of prosperity and freedom, the free market can only take us where we need to go if externalities such as carbon pollution are properly priced, if there is genuine freedom of opportunity, and if the rules of the game are such that competition is free and fair. Markets do not police themselves; they must be balanced by transparent, capable, democratically accountable governments.”

Jobs Crisis: The Case for a New Social Contract

“COVID-19 has revealed the problems with this paradigm. In doing so, it has showcased the ‘real key workers’ keeping society functioning and supporting human life. What is now required is a new social contract with a moral purpose. It would be based around strengthening public services and other human necessities sometimes known as the foundational economy, while creating green jobs aimed at cutting carbon emissions.”

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