

Beyond Capitalism Now with Donnie Maclurcan
22 snips Jul 26, 2023
Donnie Maclurcan, founder of the Post Growth Institute, critiques capitalism's flaws and advocates for a post-capitalist future. He discusses the systemic inequities of debt and profit-seeking, while emphasizing innovative business models like IKEA's sustainable practices. Maclurcan highlights the importance of ethical banking, community-focused investments, and decentralized decision-making to empower workers and create equitable economies. Through real-world examples, he explores pathways for transitioning to regenerative and circular economic systems.
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Capitalism vs. Market Economy
- Capitalism is a system primarily driven by capital accumulation.
- A market economy can exist without capitalism's focus on accumulation.
Capitalism's Inequity
- Inherent inequality in capitalism is driven by debt expansion and capital accumulation.
- Wealth accumulates at the top while debt burdens households, corporations, and governments.
Wealth Tax Ineffectiveness
- Wealth taxes cannot solve capitalism's inherent inequality.
- Capital gains extraction outpaces any redistribution efforts through wages or taxes.