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Emeritus Prof Christopher May
@ChrisMayLA6@zirk.us  ·  activity timestamp 18 hours ago

How can we reform capitalism?

Well Jason Hickel & Yanis Varoufakis suggest three key steps:

1. re-engineer finance; penalising investment for destructive private investment & prioritise public investment for public goods;

2. democratise public & private budgeting decisions;

3. democratise corporations; wrest control from the elites & put it in the hands of workers.

Its as simple as that.... well, OK not simple, but you can see what they're getting at!

#politics
https://www.theguardian.com/environment/commentisfree/2026/feb/12/capitalist-model-climate-growth-capitalism-species-humanity

the Guardian

We can move beyond the capitalist model and save the climate – here are the first three steps | Jason Hickel and Yanis Varoufakis

Capitalism cares about our species’ prospects as much as a wolf cares about a lamb’s. But democratise our economy and a better world is within our grasp, say Jason Hickel and Yanis Varoufakis
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TerryB
@TerryBTwo@ohai.social replied  ·  activity timestamp 18 hours ago

@ChrisMayLA6 A first step would be to row back on the view that a company's first responsibility is to current shareholders and make it to the long term health of the enterprise. iow making it illegal to asset strip or boost short term share value at the expense of long term investment.

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