Chapter 5
Reinventing the Commons
Imagination is more important than knowledge. âAlbert Einstein, 1929
Thus far Iâve argued that Capitalism 2.0âor surplus capitalismâhas three tragic flaws: it devours nature, widens inequality, and fails to make us happier in the end. It behaves this way because itâs programmed to do so. It must make thneeds, reward property owners disproportionately, and distract us from truer paths to happiness because its algorithms direct it to do so. Neither enlightened managers nor the occasional zealous regulator can make it behave much differently.
In this part of the book I advance a solution. The essence of it is to fix capitalismâs operating system by adding a commons sector to balance the corporate sector. ...
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