Episode 24 is the second part of my interview with Donnie Maclurcan. In episode 23, we explored the roots of capitalism, its pros and cons, how money is created, what’s missing in economic models, and the problem that arises with too much privatization of wealth. Episode 24 focuses on the shift from a world ran by private individual for-profit businesses, to a world lead by non-for-profits organizations, and how this movement is already taking place worldwide. We also describe the believes and fear that make people hold on to misleading capitalist values, and how to discuss the benefits of shifting our economic system with a defender of modern liberal capitalism.
Donnie is an Affiliate Professor of Economics at Southern Oregon University and an Executive Director of the Post Growth Institute – an international organization exploring how people, companies and nature can thrive together, within ecological limits. He’s taught at the Institute for Sustainable Futures, in Sydney, and at the Institute for Resources, Environment and Sustainability, in Bristish Columbia
Key takeaways
“120 million people in the US bank with a non-for-profit financial institution, that is over 50% of the financially active community!”
“26% of the global insurance market is non-for-profit”
“It’s easier to imagine the end of the world than it is to imagine the end of capitalism”
“The truth is that a lot of what Bernie Sanders and AOC are promoting, is about communal ownership, whether it is worker coop down to local non-for-profit businesses through to partial nationalisations, etc. No one that I see who is taken seriously is talking about communism or state socialism but they are talking about socialism in a broader sense which really if you look at the definition of socialism is about communal ownership, it’s about not having private individual ownership of things and that can take many different forms, its doesn’t have to look like state socialism.”
“There was a Yale study done 5-10 years back. Before the study they gave everyone a meditation to essentially allow people to feel invincible. And then they asked a battery of questions related to social and economical perspective. Something amazing happened. Conservatives when they felt safe shifted their views in a progressive direction.”
Show notes
- A new vocabulary and not-for-profit ownership
- 4 types of non-for-profit
- Consumer cooperatives
- Foundation-owned businesses
- Government enterprises
- Non-profit enterprises
- Values
- Freedom in a capitalist system
- Merit in a capitalist system
- Growth and Cheap labor
- On the competitive advantage of not-for-profits
- The fear of an alternative to capitalism
- How to speak to a room full of extreme capitalists?
- Circular economy is impossible in a capitalist economy
- Social entrepreneurship and legal structures
- Donnie’s message to the world
Episode 24 is the second part of my interview with Donnie Maclurcan. In episode 23, we explored the roots of capitalism, its pros and cons, how money is created, what’s missing in economic models, and the problem that arises with too much privatization of wealth. Episode 24 focuses on the shift from a world ran by private individual for-profit businesses, to a world lead by non-for-profits organizations, and how this movement is already taking place worldwide. We also describe the believes and fear that make people hold on to misleading capitalist values, and how to discuss the benefits of shifting our economic system with a defender of modern liberal capitalism.
Donnie is an Affiliate Professor of Economics at Southern Oregon University and an Executive Director of the Post Growth Institute – an international organization exploring how people, companies and nature can thrive together, within ecological limits. He’s taught at the Institute for Sustainable Futures, in Sydney, and at the Institute for Resources, Environment and Sustainability, in Bristish Columbia
Key takeaways
“120 million people in the US bank with a non-for-profit financial institution, that is over 50% of the financially active community!”
“26% of the global insurance market is non-for-profit”
“It’s easier to imagine the end of the world than it is to imagine the end of capitalism”
“The truth is that a lot of what Bernie Sanders and AOC are promoting, is about communal ownership, whether it is worker coop down to local non-for-profit businesses through to partial nationalisations, etc. No one that I see who is taken seriously is talking about communism or state socialism but they are talking about socialism in a broader sense which really if you look at the definition of socialism is about communal ownership, it’s about not having private individual ownership of things and that can take many different forms, its doesn’t have to look like state socialism.”
“There was a Yale study done 5-10 years back. Before the study they gave everyone a meditation to essentially allow people to feel invincible. And then they asked a battery of questions related to social and economical perspective. Something amazing happened. Conservatives when they felt safe shifted their views in a progressive direction.”
Show notes
- A new vocabulary and not-for-profit ownership
- 4 types of non-for-profit
- Consumer cooperatives
- Foundation-owned businesses
- Government enterprises
- Non-profit enterprises
- Values
- Freedom in a capitalist system
- Merit in a capitalist system
- Growth and Cheap labor
- On the competitive advantage of not-for-profits
- The fear of an alternative to capitalism
- How to speak to a room full of extreme capitalists?
- Circular economy is impossible in a capitalist economy
- Social entrepreneurship and legal structures
- Donnie’s message to the world
