The End of the Market Era
Capitalism today is the ultimate expression of a market dominated society, where money is made from nothing, as financial traders manipulate stocks, currencies, and whatever else they can. Its final growth spurt was enabled by ubiquitous fossil fuels so that supply chains could take advantage of either cheap goods or cheap labour due to the human inequalities on our planet. But the age of oil is ending, and markets are being replaced by networks as the dominant organizing model. Nafeez Ahmed recently stated that the end of capitalism is inevitable.
“At the core of this radical re-wiring is a transformation of the human relationship with nature: moving away from top-down modes of political and economic organization, to participatory models of grassroots self-governance, localized sustainable agriculture, and equity in access to economic production.” – Medium.com
One theory that has informed my own work is David Ronfeldt’s TIMN (Tribes-Institutions-Markets-Networks) Theory showing that all four of these forms will co-exist as we enter the next evolution of society, but networks will dominate. This explanatory theory shows what has happened as we have previously transitioned from one dominant organizing form to the next and is a good starting point to discuss what we can do about it.
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