- Hardcover: 216 pages
- Publisher: Berrett-Koehler (1 Oct 2006)
- Language English
- ISBN-10: 1576753611
- ISBN-13: 978-1576753613
- Product Dimensions: 23.6 x 16.3 x 2.5 cm
- Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)
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Amazon Bestsellers Rank:
140,222 in Books (See Top 100 in Books)
- #52 in Books > Business, Finance & Law > Economics > Economic Systems > Free Market
- See Complete Table of Contents
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More About the Author
Product Description
The Guardian, October 9, 2007
Capitalism 3.0 provides the code... to address the widening wealth gap and preserve the life-sustaining capacity of the planet
Product Description
Capitalism 3.0 is a remarkable look at a potential future of our economy, one that can retain capitalism's virtues while mitigating its insidious shortcomings
Barnes draws on his personal and professional experience as a successful entrepreneur to offer viable solutions to some of our most pressing economic, environmental, and social concerns.
Key features
REVOLUTIONARY IDEA: The Commons our shared social, environmental and artistic inheritance is under threat from market pressures to be sold off by profit-seekers. Our common heritage is being traded away to the highest bidder. By looking at current issues like Social Security, and campaign finances Barnes creates an economic model that both reinforces the strengths of our capitalist system, and abates its damaging effects upon the current culture and future generations.
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
Format:Hardcover
If you're uncomfortable with the negative externalities of capitalism (the harmful byproducts of capitalism that are "external" to the parties involved in a transaction...effluent dumped into a public stream by a chemical company, CO2 released into the atmosphere by factories...etc) and you're also uneasy about the economic and social problems associated with socialism, then the concept of 'capitalism + commons' is going to make you very happy.
A quiet, humble, revolutionary book - I don't know the author but I'd like to.
I should point out that the book is available free of charge from the book's website under (of course) a Creative Commons Licence.
A quiet, humble, revolutionary book - I don't know the author but I'd like to.
I should point out that the book is available free of charge from the book's website under (of course) a Creative Commons Licence.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
15 reviews
30 of 32 people found the following review helpful
Coherent and Simple, Not the Whole Story
27 Dec 2006
Format:Hardcover|Amazon Verified Purchase
I concur with all the 5 star reviews with respect to this book presenting a vision for the next level of capitalism nurturing the commons rather than destroying it, but it is not the whole story. It is simple without being simplistic, but the terms "ecological economics" (see my reviews of books by Herman Daly) and "natural capitalism (see my reviews of books by Paul Hawken) are not an integral part of this story. Neither is public philosophy, although the author clearly has an ethical public policy of his own.
Like the work of Paul Hawken, Amory Lovins, Hunter Lovins, and Herman Daly, it does not accuse nor seek repatriation of benefits as much as it seeks to educate and demonstrate why respect for the commons is good for business.
I recommend Michael Sandel's "Public Philosophy: Essays on Morality in Politics," and Paul Hawken's "The Ecology of Commerce," in addition to this book, but those deeply interested in this topic might wish to expand their range by browsing some of my lists on democracy, capitalism, and security.
The book ends with numerous ideas, some easy to implement, like time banks (I see a rush to displace banks, money, credit, and interest coming down the pike), and some more difficult but essential, such as reversing the spectrum licenses and land licenses awarded to corporations under Capitalism 1.0, and putting those resources to work for all of the people.
The author spends some time noting that government is not the complete answer, and I not only agree, I am eagerly waiting for a book called Government 3.0 or Democracy 3.0, something that brings together the diverse literature on the need to localize agriculture and energy again, stop the global corporations, e.g. Wal-Mart, from destroying communities, and restore integrity and trust in human transactions. In a sense, this book is a model that could be applied to other areas in need of revitalization.
Public Philosophy: Essays on Morality in Politics
The Ecology of Commerce
Ecological Economics: Principles And Applications
Natural Capitalism: Creating the Next Industrial Revolution
Blessed Unrest: How the Largest Movement in the World Came into Being and Why No One Saw It Coming
Wal-mart: The High Cost of Low Price
Wal-Mart: The High Cost of Low Price
Like the work of Paul Hawken, Amory Lovins, Hunter Lovins, and Herman Daly, it does not accuse nor seek repatriation of benefits as much as it seeks to educate and demonstrate why respect for the commons is good for business.
I recommend Michael Sandel's "Public Philosophy: Essays on Morality in Politics," and Paul Hawken's "The Ecology of Commerce," in addition to this book, but those deeply interested in this topic might wish to expand their range by browsing some of my lists on democracy, capitalism, and security.
The book ends with numerous ideas, some easy to implement, like time banks (I see a rush to displace banks, money, credit, and interest coming down the pike), and some more difficult but essential, such as reversing the spectrum licenses and land licenses awarded to corporations under Capitalism 1.0, and putting those resources to work for all of the people.
The author spends some time noting that government is not the complete answer, and I not only agree, I am eagerly waiting for a book called Government 3.0 or Democracy 3.0, something that brings together the diverse literature on the need to localize agriculture and energy again, stop the global corporations, e.g. Wal-Mart, from destroying communities, and restore integrity and trust in human transactions. In a sense, this book is a model that could be applied to other areas in need of revitalization.
Public Philosophy: Essays on Morality in Politics
The Ecology of Commerce
Ecological Economics: Principles And Applications
Natural Capitalism: Creating the Next Industrial Revolution
Blessed Unrest: How the Largest Movement in the World Came into Being and Why No One Saw It Coming
Wal-mart: The High Cost of Low Price
Wal-Mart: The High Cost of Low Price
14 of 14 people found the following review helpful
A Brilliant Overview of the Commons and Economics
7 Nov 2006
Format:Hardcover
Peter Barnes does a masterful job in re-imagining economics to take account of the commons, the shared resources that we inherit together and must pass along undiminished to our children. This book is lucid and highly readable as it deconstructs key flaws in conventional economics and proposes innovative solutions that protect the commons. Barnes is a former businessman (cofounder of Working Assets) and journalist, so he approaches the subject with sophistication and clarity.
Barnes notes, for example, that conventional economics typically fails to account for the hidden subsidies that companies take from the commons (air, water, spectrum, public lands, federal R&D, etc.). Companies also use the commons as a convenient place to "externalize" their wastes, social disruptions and other costs. Barnes suggests some new legal and institutionl strategies -- such as stakeholder trusts -- as ways to harness market forces while preserving our "common wealth." This book is succinct, profound, idealistic and practical.
Barnes notes, for example, that conventional economics typically fails to account for the hidden subsidies that companies take from the commons (air, water, spectrum, public lands, federal R&D, etc.). Companies also use the commons as a convenient place to "externalize" their wastes, social disruptions and other costs. Barnes suggests some new legal and institutionl strategies -- such as stakeholder trusts -- as ways to harness market forces while preserving our "common wealth." This book is succinct, profound, idealistic and practical.
14 of 15 people found the following review helpful
The Beginnings of a Conceptual Framework for a New Economic System
23 Feb 2007
Format:Hardcover
I have just read Capitalism 3.0 by Peter Barnes and am very impressed. Peter is a Georgist of the US variety although that fact is not immediately apparent as the book is written in a very light, non-ideological, non academic style. It is an extremely accessible and well written case for 'the propertisation' of the commons - emphatically NOT 'privatisation'. It does not discuss land value taxes/rents directly but places them indirectly within the context of all commons and proposes a solution to 'the tragedy' of all commons that, followed through, would nevertheless deliver LVT and something like a citizens income.
Peter sees a need for a counterbalance to corporate power linked to private property, but not by State ownership and hence not by any measure that smacks of Socialism. Instead he puts forward the idea of many kinds of Trusts holding many kinds of commons property- from the GHG emisison rights to scientific knowledge to community land. Apart from the very essential job of supporting Commons Trusts and assigning property rights and legal protections to them, governments would thereafter stand aside. Governments would especially distance themselves from disbursing the receipts/rents/ licence fees collected for the use of the various commons as their susceptibility to corporate influence, according to Peter Barnes, is systemic and cannot be overcome. It is a very American approach - rather than intervening directly to regulate the power of an damaging but essential force, a countervailing force is introduced to dynamically re balance the system. A global Trust would be required to protect the atmosphere but this would not be given political power per se - but it would have significant economic power to balance the existing private sector influence of the WTO.
This solution would satisfy libertarian, free market thinkers as it would not enhance the role of the State any more than that which it currently plays. Indeed many regulations would become unnecessary as social, cultural and environmental welfare would be intrinsically factored into ordinary business decisions.
Of course all of this fits conceptually very nicely into the work Feasta has been doing for a Cap and (equal per capita) Share of green house gas emission rights. See www.capandshare.org for an update. What I think the idea really needs is another book entitled 'Socialism 3.0' that says more or less the same thing but from a European perspective. Together they could bookend a conceptual framework for an Earth and human friendly new economic system.
Peter sees a need for a counterbalance to corporate power linked to private property, but not by State ownership and hence not by any measure that smacks of Socialism. Instead he puts forward the idea of many kinds of Trusts holding many kinds of commons property- from the GHG emisison rights to scientific knowledge to community land. Apart from the very essential job of supporting Commons Trusts and assigning property rights and legal protections to them, governments would thereafter stand aside. Governments would especially distance themselves from disbursing the receipts/rents/ licence fees collected for the use of the various commons as their susceptibility to corporate influence, according to Peter Barnes, is systemic and cannot be overcome. It is a very American approach - rather than intervening directly to regulate the power of an damaging but essential force, a countervailing force is introduced to dynamically re balance the system. A global Trust would be required to protect the atmosphere but this would not be given political power per se - but it would have significant economic power to balance the existing private sector influence of the WTO.
This solution would satisfy libertarian, free market thinkers as it would not enhance the role of the State any more than that which it currently plays. Indeed many regulations would become unnecessary as social, cultural and environmental welfare would be intrinsically factored into ordinary business decisions.
Of course all of this fits conceptually very nicely into the work Feasta has been doing for a Cap and (equal per capita) Share of green house gas emission rights. See www.capandshare.org for an update. What I think the idea really needs is another book entitled 'Socialism 3.0' that says more or less the same thing but from a European perspective. Together they could bookend a conceptual framework for an Earth and human friendly new economic system.
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