Capitalism is dead, but what will replace it?
n reality, just as Marx predicted - capitalism has killed itself, it was never going to be sustainable by design, but something new is about to be born from its ashes.
People think about economics in incredibly binary ways.
You are either a defender of neo-liberal capitalism or you're a bloody socialist.
In reality, just as Marx predicted - capitalism has killed itself, it was never going to be sustainable by design, but something new is about to be born from its ashes.
The conditions are now right for a new economic framework which is more cooperative, fairer, kinder to the planet and able to secure the future of a much wider set of people.
Things however will most likely get darker before they improve. There are decades of collective, binary, ill-informed ideologies to break first.
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In the future, the world will need to have universal, uniform, basic public healthcare which delivers the same standard of care no matter where you live.
That's according to rockstar French economist Thomas Piketty - oh and employees will need to also have a board seat in your organisation.
Governments are scrambling to pump money into their economies to keep them alive and limit the number of jobs lost as a result of this health crisis.
But if there's one thing governments should have learned from 2008, it's that quality far outweighs quantity. Wasting huge amounts of public debt on the banking and financial sectors won't make a difference.
What does work? Yes, public investment in local value-creating innovation - in other words investing in partnerships that solve real tangible problems.