economy

February 12, 2026

We can move beyond the capitalist model and save the climate – here are the first three steps

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

We can move beyond the capitalist model and save the climate – here are the first three steps

TL;DR

  • Capitalism's focus on profit maximization and perpetual growth drives social and ecological crises, leading to irrational production and underproduction of essential goods.
  • The current economic system is controlled by a minority who own capital, dictating production without regard for human needs or environmental sustainability.
  • Addressing these crises requires moving beyond capitalism towards a democratized economy focused on social and ecological priorities.
  • Key steps for economic transformation include a new financial architecture, extensive use of deliberative democracy, and corporate reform to empower employees.
  • A democratized economy can lead to meaningful lives within planetary boundaries, averting ecological collapse and ending economic insecurity.

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