What is the Future of the Economy?

For our new Solidarity Economics issue, now available from our magazine shop, we’ve asked a few inspiring practitioners and activists: ‘What’s the Future of the Economy?’ Read their responses below.

“Kate Raworth’s Doughnut Economics provides part of the answer. It identifies a safe space for economic activities between a lower boundary, below which levels of human deprivation are unacceptable, and an upper boundary, above which we inflict excessive damage to the biosphere. The question is how to make that model politically acceptable.”

George Monbiot, Journalist

“Connected, delicious, entrepreneurial, hoppy, co-operative, inviting, nourishing, imaginative, caring, educational, dextrous, appreciative, enabling of inward investment, inspirational, viral, mindful, low carbon, local, resilient, raucous, playful, celebratory, generous, appreciative of beauty, skilled, content, diverse, reciprocal, deeply democratic, healthy, resourceful, attentive, empowering, crafted, empathic, collaborative, co-creative, inquisitive, patient, seasonal, welcoming and magnificent.”

Rob Hopkins, co-founder of the Transition Network

“We need to reconceptualize “the economy” to put households and commoning at the center. We can use the term “oikonomy” or “ecommony” to describe a generative process based on co-possession of resources instead of individual property, and on free knowledge and responsible resource use. A successful oikonomy relies upon voluntary contributions, transparent communication and open data, and it meets people’s needs in free, fair and sustainable ways.”

Silke Helfrich, Commons Strategies Group

“Market forces can disfigure human capacity, emotion, and creativity. A future economy should free us from this barbarism and complement equally liberating transformations across the totality of everyday life. Work in this society could be part of an consciously created, technologically advanced, and environmentally sustainable world. What’s stopping us?”

Chris Spannos, Writer

“The Future of the Economy lies in the hands of an alliance that is only starting to form, between the defenders of the good we have, the builders of the new, those wresting back control of what should be held in common, and those who ceaselessly nurture us.”

Colm Massey, Institute for Solidarity Economics

A version of this post was previously published on Stirtoaction.com and is republished under a Creative Commons license CC BY-ND 3.0.

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