economics

The Macro-Economic Challenges of Building a New Commons-Based Economy

As commercial interests try to convert what has essentially been a commons into a total market order, the Internet is experiencing a mid-life crisis.  The open Internet is in the process of being enclosed by a variety of commercial forces.  The struggle for political and creative freedom is getting more urgent and complicated as commercial forces try to “develop” the Internet.

The challenge for people who believe in free culture is to reinterpret the core values of the Internet and somehow develop new ways to protect them in today’s more complicated environment.

So what the some of the key macro-economic trends of our time?

"The Great Transition"

"Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist." So begins a significant new report by the New Economics Foundation in the U.K., quoting economist Kenneth Boulding. "The most pressing problem facing humanity now," says the report, The Great Transition, "is how to share scarce planetary resources in ways that are just, sustainable and support the well-being of us all."

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