Wikipedia and the rise of self-managed online spaces
Both men argue that fractures in our economic system are so great that capitalism in its current form is doomed. And climate change is adding fuel to the fire. The rise of information technology has pushed capitalism beyond its capacity to adapt by dissolving markets, destroying ownership and breaking down the relationship between work and wages. As stagnation leads to social crisis, armed conflict and the erosion of democracy, a more dynamic force will emerge to reshape the economy around new values.
A new Brixton pound note, designed by Turner-winning artist Jeremy Deller.
The Brixton Pound in South London is just one of many examples worldwide of a community-run parallel currency that aims to support local businesses through increasing the money supply and encouraging people to spend in their neighbourhood. The Brixton project has grown steadily since its launch in and shown that a community can come together to participate in shaping the economy to meet its needs. When was the last time you saw an encyclopaedia?
Upsetters Wikipedia have destroyed the old model of profiting from information by locking it away and charging people to access it. See also: Wikileaks who are using open source principles to revolutionise access to information and hold governments to account.
Post Capitalist Society by Peter F. Drucker
Traditionally, co-operatives have failed because of their lack of access to capital and their inability to restructure the workforce to cope with crises. It even has its own university. Mondragon avoided laying-off workers during the crisis by moving them around between different sectors and softening short-term reductions in hours with non-market perks.
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The Post-Capitalist Executive: An Interview with Peter F. Drucker
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