To get to a place where we have sustainability in macro and micro economics, I believe that we have two choices.
1. Global State control over everything, a total Communal State, otherwise known as communism.
or
2. Global free markets, free from government control but also free from monopolisation.
The problem with this thinking is that we would never submit to Communism, we live in a world consumed by materialism over quality of life. Therefore you can assume we must now rely on market forces. On capitalist economics to rescue us and create a sustainable global economy.
The problem with this, however, is that we already know that capitalism doesn't create equality. or does it?
Could it be possible that the tools we class as our steps of fairness actually crowd out equality. Could it be that free health care for all halts aspirational development. That the welfare state has now served its time and we need to look to fair open market privatisation.
We can clearly see that it isn't working perfectly in areas such as Energy and Media, but we overlook one thing. We are now in possession of more power than ever before. Through the internet we can communicate across the globe, do business across the globe, but we are also reengaging with our communities. We can produce our own market forces, create our own competition.
Imagine a world where micro and small businesses deliver growth. That is where we need to be heading and to get there we need to innovate.
Perhaps a third way, focused on collaboration for stability together through good business, rather than the often ruthless competitive short term gains that is so heavily associated with capitalism.
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