One thing you need to understand: the production apparatus (capitalism) has been battling for ultimate control over resources since the industrial revolution has begun. It has used its money to influence politics, rule making and everything else. It has won and it is a total disaster.
One thing you need to understand: the production apparatus (capitalism) has been battling for ultimate control over resources since the industrial revolution has begun. It has used its money to influence politics, rule making and everything else. It has won. This is disastrous for them and for us as workers and citizens. of the Earth. To understand why, you need to look into their materiality .
Released today, the report, which summarises scientists’ understanding of what is happening with climate change, warns that Earth will unavoidably hit the critical threshold of 1.5°C warming due to climate change within the next 20 years. This is a combination of natural processes and human emissions. This is regardless of how radically global governments cut greenhouse gas emissions. This article urgently proposes a new framing approach: a pivot.
Some investment visionaries are rubbing their hands in gleeful anticipation of what AI (artificial intelligence) can do and what they can earn from it. AI has already shown that it can, cheaper and better, do the jobs of warehouse workers, doctors, lawyers and so many other professions. We ask the question what if it could do the job of investing better than capitalists themselves? How would that work? Would capitalism as a way of providing what we need become outdated?
For a long time now, the liberal attitude is that private enterprise, driven by greedy but well-meaning people with money they want to see grow is the best in class problem-solver. Transport? Enter the Henry Fords. Internet services? Enter Googles. Shopping online? Enter Amazons. A sustainable, equitable society? Enter … well we are waiting.
It only takes a short flight of the imagination to see the potential. Already, city developers and other experts are painstakingly developing the workings of something that could change the very logic of investment forever: cities that work for people, owned by people, supported by AI.
City infrastructure – power, transport, waste handling, commerce, water etc., key to creating sustainable cities, cannot be left to individual contractors and private investment to get the city quickly on the path to sustainability. Consultants like Resilience.io are offering infrastructure design applications that optimise infrastructure, use the latest and most sustainable solutions available, and end up often reducing investment needs by as much as 40%.
It is only a short step away to applications like those from Resilience.io can begin writing requests for tenders and indeed legal agreements. In fact, AI could start to propose whole company structures with business plans accompanied by full financial analysis.
So how about planning a city? One not just with an infrastructure that is eco-friendly, circular economy, but one that affords all citizens a decent life? And that includes the city’s vast hinterland. If AI can write songs, stories, design products, prepare legal cases it could well design not only spaces but ownership patterns, investment instruments, jobs, organisations, indeed whole cities.
Now, the wealth created from investment seldom trickles down to the poorer inhabitants. Current capitalist or even social democratic approaches are simply not cutting it.
Suppose, then, that this AI system gets tasked to design optimal sustainable infrastructure along with the optimal ownership pattern of the companies building and running the infrastructure and benefit for residents.
This is new. Under capitalism and social democracy firms produce primarily for profit rather than need. In this proposal, the firms should produce primarily for need. Obviously, one driving force, the possibility to earn money, should be there for private enterprises.
I imagine the AI system might come up with some form of Public Private Partnership. The firms building and operating the infrastructure are 50% owned by private interests, and 50% owned by an investment firm where every city resident is an investor and has equal voting rights.
In this way, not only does the city get great infrastructure, but the better the firm runs, the more dividend goes to residents (and private investors). And citizens get to have a say. One share gives one vote. They might even want to buy more shares if they believe in the company.
As they own part of the infrastructure residents might even be interested in looking after it, reporting faults, handling it with care, etc.
Maybe AI can be the force to help us get past the current impasse of capitalist/socialist – left/right outdated thinking?
Not crony capitalism, not raw capitalism, not capitalism in the hands of wrong people but capitalism itself is the cause of the environmental degradation and social misery we see around us. Capitalism offers the rules if you like, the players play by those rules, and the results are what we see. If I am going to say something this bold, I need to be really specific and present good arguments. Let me attempt that, but you will have to bear with me through some details. This is not rocket science, but the whole subject area has many branching ideas so you will need to look hard to see the path through the subject matter.
Sixteen-year old Greta Thunberg is asking good questions like “why are we doing nothing about climate change?” She tells it like it is as we stand unmoving – no group wanting to give anything away. Unions rightly take the stance that workers should not pay with lowered standards. Some want to play with small tax adjustments to see the poor OK.
The New Green Deal says “never mind the economics of it – we’ll just invest in the planet we want.” That is good, but you need to make sure people have the money to pay for those new high speed rail services and electric buses.
Everyone knows, don’t they, a good deal is where a cake is sliced up evenly. If the other gets too much we get too little. Wise leaders and experienced negotiators think differently. If are to come out of this Brexit situation in a good way we need to give our trust to these wisest leaders and sharpest negotiators. And we need to think differently. Radically.
With the coalition of the left’s 144 seats in parliament and the right-wing block’s 143, and with the ultra-right wing Sweden Democrats left out of the block, many might be wondering whatever happened to the cozy social democratic, progressive Sweden held up as a model of a modern welfare state. You need to look back in histoty to see why this is a watershed moment.
We did the following thought experiment: we replaced the word growth or economic growth with peace in excerpts from statutes and statements from some main global organisations. Take a look. Is it in improvement? Maybe you agree with us that Peace is the thing we need to focus on!
The problem with Business schools is that they teach what has been learned from two centuries experience based on the availability of increasingly vast quantities of energy and cheap raw materials, along with licence to basically release waste straight out into the environment. An out-of-date mindset. We have moved on.
Business schools purvey the amassed experience of successful entrepreneurs from the last few hundred years. The problem with that is this experience is based on the availability of increasingly vast quantities of energy and cheap raw materials, along with licence to basically release waste straight out into the environment. This two century’s worth of “business” experience treats nature as an unlimited resource store and waste dump. An out-of-date mindset. We have moved on. There is a need for a new way of doing business: a system that takes into account the limitations of the planet and needs to maintain human well-being. That system is called circular economy. Continue reading “OPINION: Business as usual destroys more capital than it creates.”