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58
V good long read on efforts to make the case for “an economy that suits society, rather than – as we have at present – a society subordinated to the economy.” #economics
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We’re stripping economics back to basics,” she says. “We want economics to ask: ‘Who owns these resources? Who has power in this company?’ Conventional economic discourse obfuscates these questions, to the benefit of those with power.”
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The new economists’ enormously ambitious project means transforming the relationship between capitalism and the state; between workers and employers; between the local and global economy; and between those with economic assets and those without. (...) The result, the new economists claim, will be an economy that suits society, rather than – as we have at present – a society subordinated to the economy.