Is capitalism still fit for purpose?
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Can capitalism still organise society for the common good? That was the question I put to John Christensen. What we discovered is that the answer lies not in abstract theory but in practical experience. Mutuals, co-operatives and democratic institutions already shape our lives. The Nationwide building society, the Co-op, mutual insurers, some energy suppliers, pension funds and some phone providers prove that another way of organising the economy exists.
In this video, we discuss why shareholder capitalism has produced monopolies, failing utilities and democratic erosion, and why cooperation may be the basis of a politics of care.
If capitalism is failing, the question is not whether change will come, but how.
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