“Economist Ann Pettifor outlines her take on the need to press for structural change within the financial and economic systems to tackle the climate crisis, rather than allowing the responsibility to be piled on to individuals and their communities“; fragment from an RSA event in December 2019. Upcoming Monday Pettifor is one of our guests in the next online dialogue of the Future Markets Consultation, this time on the topic of reconciling markets and ecology.
“Left to their own devices, most capital investors will not care for the dignity of labor investors; nor will they lead the fight against environmental catastrophe. Another option is available. Democratize firms; decommodify work; stop treating human beings as resources so that we can focus together on sustaining life on this planet”, says a recent manifesto that has meanwhile been signed by more than 3.000 scholars / scientists and that was now also submitted as a viewpoint for the Future Markets Consultation.
In this short video (2,5 minutes) economist François Bourguignon discusses whether and how economists understand inequality. He is one of our guests in tonight’s dialogue of the Future Markets Consultation, titled ‘Free Markets & Huge Inequality; An Inescapable Marriage?‘ Our other guest is philosopher Elisabeth Anderson.
In a recent dialogue sociologist Isabelle Ferreras and economist Josh Ryan-Collins discussed housing and work as two key areas in which people experience the effects of contemporary capitalism on their everyday life. Ilse Oosterlaken reports on the key points.
In a recent dialogue economists Raghuram Rajan and Paul Collier both defended their view that local communities should be re-empowered again. Yet Collier called it ‘dumb’ to reverse globalization. But can we have our cake and eat it, Ilse Oosterlaken wonders. Would it not be necessary to make economies more local before local communities can thrive again?
“Major signs of a new era! At the same time, the question remains how strong this wave of financial and economic innovation is. And where can a different kind of economy really take shape? In the US, the strong but wing-limp country beyond the ocean for many years? In China, where individual freedom is the key to every budget? This is where Europe comes into play, next to the US the largest economy in the world.”
Both professor Collier and professor Rajan argue that communities have collapsed over the last decades. […] how do we expect these new communities to develop? Or in other words, what is our theory of change? It seems to me there are three possible answers to this question, or a combination of them.