Post Growth Institute's Donnie Maclurcan returns to the Denizen podcast with an important follow up to one of our most popular episodes, Post Growth Economics. Here Donnie reiterates on why capitalism is fundamentally flawed, outlines what is working around the world today, and explains his theory of change for how we evolve to an economy that is regenerative, just, and circular.
Outline for the conversation:
- Donnie's definition of capitalism [2:24]
- Capitalism, extraction, and exploitation [6:34]
- Debt and why capitalism is fundamentally inequitable [9:06]
- Why wealth taxes are not the answer [15:47]
- The role of profit in a post capitalist market economy [19:16]
- Examples of post capitalist organizations operating today [26:03]
- Various governance models and entity types [27:33]
- Investment and ownership in a post capitalist economy [28:37]
- IKEA and Bosch as examples of a successful global post growth company [30:18]
- Examples in the financial sector [36:24]
- Why certified B-Corps and public benefit corporations are not enough [38:04]
- Why changing where you bank is one of the highest leverage things you can do [40:11]
- Influences from Gandhian economics and Vinoba Bhave [49:40]
- Moving capital, labor, attention out of the extractive economy [50:22]
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