Multicapitalism: Difference between revisions
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If we manage organizational performance in these terms, it should be possible to avoid ecocide; if not, ecocide seems inevitable. We need to shift from monocapitalism to multicapitalism." | If we manage organizational performance in these terms, it should be possible to avoid ecocide; if not, ecocide seems inevitable. We need to shift from monocapitalism to multicapitalism." | ||
(Great Transition mailing list, debate on ecocide, August 2016) | (Great Transition mailing list, debate on ecocide, August 2016) | ||
=More information= | |||
* see our entry on the [[Six Capitals]] | |||
[[Category:P2P Market Approaches]] | [[Category:P2P Market Approaches]] | ||
Revision as of 09:25, 8 August 2017
Description
Mark McElroy:
"It is demonstrably the case that ecocide is mainly attributable to the effects of business and commerce in the world. Any attempt to resolve it, therefore, must be conceived accordingly.
Most businesses, however, do not measure, manage or report their performance in these terms, nor are they required to. In the aggregate, therefore, their effects result in the problems we have before us. Modern commerce is unsustainable.
The problem, however, is not capitalism, it's monocapitalism: capitalism designed to maintain (and grow) only one form of vital capital, economic capital, very often at the expense of all others. The solution is multicapitalism: capitalism designed to maintain all vital capitals, not just one of them: natural, human, social, constructed and economic at required levels.
If we manage organizational performance in these terms, it should be possible to avoid ecocide; if not, ecocide seems inevitable. We need to shift from monocapitalism to multicapitalism." (Great Transition mailing list, debate on ecocide, August 2016)
More information
- see our entry on the Six Capitals