Economics for the people
Against the capitalist creeds of scarcity and self-interest, a plan for humanity’s shared flourishing is finally coming into view
Mousehold Heath (1810) by John Sell Cotman. Drawing on paper. According to the UK Government, between 1604 and 1914 enclosure Bills enacted by Parliament restricted access to formerly open communal land comprising just over a fifth of the total area of England. Courtesy the Trustees of the British Museum
is an economic historian and wellbeing economics advocate who teaches public policy and history at Duke University in North Carolina. He is also a senior fellow at the Kenan Institute for Ethics. His most recent book is The Little Big Number: How GDP Came to Rule the World and What to Do About It (2015).
I’ve witnessed massive swarms of fireflies
grace my garden like never before, drawn
to the air cleansed of our arrogant greed,
their glow a flashback to the time before
us, omen of Earth without us, a reminder
we’re never immune to nature. I say this
might be the end we’ve always needed
to begin again …
– From the poem ‘Say This Isn’t the End’ (2020) by Richard Blanco
Abasic truth is once again trying to break through the agony of worldwide pandemic and the enduring inhumanity of racist oppression. Healthcare workers risking their lives for others, mutual aid networks empowering neighbourhoods, farmers delivering food to quarantined customers, mothers forming lines to protect youth from police violence: we’re in this life together. We – young and old, citizen and immigrant – do best when we collaborate. Indeed, our only way to survive is to have each other’s back while safeguarding the resilience and diversity of this planet we call home.
As an insight, it’s not new, or surprising. Anthropologists have long told us that, as a species neither particularly strong nor fast, humans survived because of our unique ability to create and cooperate. ‘All our thriving is mutual’ is how the Indigenous scholar Edgar Villanueva captured the age-old wisdom in his book Decolonizing Wealth (2018). What is new is the extent to which so many civic and corporate leaders – sometimes entire cultures – have lost sight of our most precious collective quality.
This loss is rooted, in large part, in the tragedy of the private – this notion that moved, in short order, from curious idea to ideology to global economic system. It claimed selfishness, greed and private property as the real seeds of progress. Indeed, the mistaken concept many readers have likely heard under the name ‘the tragedy of the commons’ has its origins in the sophomoric assumption that private interest is the naturally predominant guide for human action. The real tragedy, however, lies not in the commons, but in the private. It is the private that produces violence, destruction and exclusion. Standing on its head thousands of years of cultural wisdom, the idea of the private variously separates, exploits and exhausts those living under its cold operating logic.
continues in source:The challenge of reclaiming the commons from capitalism | Aeon Essays