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.
insights INSIGHT
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.
Kate Raworth's "Doughnut Economics" proposes a new economic model that prioritizes social and ecological well-being. It challenges the traditional focus on GDP growth, advocating for a system that operates within planetary boundaries while ensuring a minimum standard of living for all. The model is visualized as a doughnut, with an inner ring representing social needs and an outer ring representing ecological limits. Raworth's work has gained significant attention, influencing discussions on sustainable development and economic justice. The book offers a compelling alternative to conventional economic thinking, emphasizing the interconnectedness of social and environmental issues.
Post Growth Institute's Donnie Maclurcan returns to the Denizen podcast with an important follow up to one of our most popular episodes, Post Growth Economics. Here Donnie reiterates on why capitalism is fundamentally flawed, outlines what is working around the world today, and explains his theory of change for how we evolve to an economy that is regenerative, just, and circular.
Outline for the conversation:
Donnie's definition of capitalism [2:24]
Capitalism, extraction, and exploitation [6:34]
Debt and why capitalism is fundamentally inequitable [9:06]
Why wealth taxes are not the answer [15:47]
The role of profit in a post capitalist market economy [19:16]
Examples of post capitalist organizations operating today [26:03]
Various governance models and entity types [27:33]
Investment and ownership in a post capitalist economy [28:37]
IKEA and Bosch as examples of a successful global post growth company [30:18]
Examples in the financial sector [36:24]
Why certified B-Corps and public benefit corporations are not enough [38:04]
Why changing where you bank is one of the highest leverage things you can do [40:11]
Influences from Gandhian economics and Vinoba Bhave [49:40]
Moving capital, labor, attention out of the extractive economy [50:22]
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