Building A New kind of economy
Neoliberal capitalism might be nearing its end. A new kind of economy is being built. Its happening in real time. Zohran Mamdani caught the headlines, but something just as radical is quietly bubbling away in Europe. Crazily, its coming from the very places that birthed Colonialism and Empire, the very extractive systems that continue to underpin modern day capitalism. The number of organisations working to build a new, holistic economic system is accelerating in Europe, with almost half of them founded in the last decade (link to the full story in comments, below). As the map below shows, there is a growing West-East divide on where those organisations come from. The UK, Germany, France, Spain and Belgium have the highest number of organisations dedicated to building a new type of economy, spawning new ideas such as housing collectives and community energy projects. That number begins to plummet the further east you go, with ingrained cultural resistance playing its part. Still, we all feel the exploitative roots of neoliberal capitalism. Minorities have long known this more than anyone - from the indigenous Sami people, under threat from the extraction of their ancestral lands because of 'self sufficiency' directives from the European Union, to British Bangladeshis like my own family working low-pay, dangerously frontline gig economy jobs during the Covid pandemic. If you're interested in learning what a new type of economy might look like, come and join my online conversation with Jo Swinson at Partners for a New Economy and Chris Monaghan of Metabolic next week with Alliance magazine, on Thursday 20th November (registration and time details here): https://lnkd.in/eienFCjm Thank you Shafi Mussadique for this!