Kevin Cox
Apr 20, 2023

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We can reform Capitalism so it works for humans instead of against us. Polanyi in his 1944 "The Great Transformation" argued for a Reciprocal Economy. We can easily change the Capitalist system to a Reciprocal Economy by sharing profits (new Capital) between investors and those who supplied the money (consumers). It is a simple change to the accounting for interest on loans. See https://medium.com/@kevin-34708/reciprocal-or-community-capital-397fc2cde375 for how to do it.

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Kevin Cox
Kevin Cox

Written by Kevin Cox

Kevin works on empowering individuals within local communities to rid the economy of unearned income.

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