Profiting without producing: the financial crisis as an opportunity to create a world solidarity economy

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Increasingly centered on and subordinated to the financial sector, the global economy, based on the myth of "infinite" growth and resource exploitation, has come up against serious limits. New forms of development which put people at the center, rather than profit, urgently need addressing.

Underneath a veneer of "prosperity" the majority of the world's population lives in conditions of permanent insecurity or crisis. This paper focuses on the key manifestations of the global financial crisis, briefly examines its immediate causes as well as its deeper systemic factors, then advances a key proposal: things can be done differently if we choose to see the crisis as an opportunity for profound socio-economic, political and cultural change, and decide to act accordingly.

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Sobre profiting without producing: the financial crisis as an opportunity to create a world solidarity economy

Tipo de publicación
Paper

Autores

Contents

I.   Crisis in Capitalist Finance: Chronicle of a Death Foretold

  • The roots of the financial crisis
  • Profiting without producing
  • Speculation
  • Crisis of insolvency and corporatocracy
  • Crisis of confidence
  • Intensifying trend towards monopoly

II.  Trends

III. Alternatives

  • At the national level
  • At the international level

IV. Gross National Happiness (GNH): towards another development

Bibliography

Ideas en movimiento

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