Capitalism 3.0: A Guide to Reclaiming The Commons

The sustainable business expert and author of Climate Solutions presents a plan to upgrade capitalism to meet the challenges of the twenty-first century.

Barnes' idea is that we need to use a 3rd institution - "the commons" - to develop a better form a capitalism that takes into account natural resources that are used and not accounted for. This is needed, because government has failed to do a good job in this regard and is subject by capture by industry, something that is very prevalent in the USA. The commons works by being above the short term exigencies of businessmen and politicians, using the power of property rights under legal trusteeship to ensure that the commons under trust are best used for the long term.