Many well-intended people want to reform the status quo for all sorts of worthy reasons: to reduce wealth inequality, restore democracy, create good-paying jobs, and so on.
All these goals are laudable, but if we don’t change the way money is created and distributed, nothing really changes: wealth inequality will keep rising, governance will remain a bidding process of the wealthy, wages will continue stagnating, etc.
If the money creation/distribution system isn’t transformed, “reform” is nothing more than ineffectual policy tweaks that offer do-gooders the illusion of progress.
What are “rights” & “responsibilities”? Viability? – Sustainability? – Politics? As globalisation proceeds, low skilled jobs will move to low wage economies.
This process will accelerate until a balance of incomes and employment opportunities exists throughout the world. While this is a good thing, it also means that unemployment will be more evenly spread. It is inconceivable that the current welfare provisions will be sustainable, yet people have a right to life.
While even dumb animals can feed and shelter themselves, we have been made entirely reliant on the economy for our very survival. This limits our ability to make free and democratic choices, putting undue economic conditions on the right to life itself.
“We do not live in an era of change, but in a change of eras” is the way Jan Rotmans from the University Rotterdam describes the structural changes impacting our societies. This is also the phrase Michel Bauwens chose to open his latest book yet to be published in English which title is likely to be close to “Towards a post-capitalist society with the Peer-to-Peer”.
For thinkers like Jan Rotmans and Michel Bauwens this change of eras is akin to the Industrial Revolution in the second half of the 19th century, and characterized by transitions in various fields. In a nutshell, our societies face 3 major tipping points: