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Scene on Radio: Capitalism
S7 E12: Reimagined Economies
Sep 18, 2024
In a thought-provoking discussion, John Fullerton, a former JPMorgan Chase executive turned sustainability advocate, leads the charge alongside Deseree Fontenot, who champions community-driven economic initiatives. Ander Exteberria highlights the power of cooperatives, particularly through the Mondragon model, while Corrina Gould emphasizes indigenous rights and economic equity. Regan Pritzker and Mateo Nube explore innovative approaches to wealth redistribution. Marjorie Kelly brings in the concept of regenerative economics, urging a fundamental shift towards sustainable practices.
01:03:12
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Quick takeaways
- John Fullerton advocates for a regenerative economy that aligns with natural systems to promote sustainability and long-term survival.
- The Mondragon cooperatives exemplify how worker ownership and collective decision-making can create economic security and minimize inequality.
Deep dives
John Fullerton's Journey from Wall Street
John Fullerton, once a prominent figure at JPMorgan Chase, left his successful banking career due to insights that revealed the unsustainability of traditional capitalism. He views capitalism as deeply destructive and believes a new source of prosperity is necessary, emphasizing the need to move away from continuous resource extraction. Now, he advocates for an economy that aligns with natural systems, believing that such a shift is crucial for long-term survival. Fullerton's transition highlights a growing movement toward reimagining economic structures to prioritize sustainability over profit.
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