Capitalism 3.0: A Guide to Reclaiming the Commons
by Peter Barnes
Publisher: Berrett-Koehler Publishers 2006
Number of pages: 207
Barnes' idea is that we need to use a 3rd institution - "the commons" - to develop a better form a capitalism that takes into account natural resources that are used and not accounted for. This is needed, because government has failed to do a good job in this regard and is subject by capture by industry, something that is very prevalent in the USA. The commons works by being above the short term exigencies of businessmen and politicians, using the power of property rights under legal trusteeship to ensure that the commons under trust are best used for the long term.
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