{"id":13759,"date":"2017-08-12T00:00:00","date_gmt":"2017-08-11T22:00:00","guid":{"rendered":"https:\/\/michelsanti.blog\/2017\/08\/12\/life-beyond-capitalism-2\/"},"modified":"2018-10-17T17:43:14","modified_gmt":"2018-10-17T15:43:14","slug":"life-beyond-capitalism-2","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/capitalism\/life-beyond-capitalism-2","title":{"rendered":"Life beyond capitalism"},"content":{"rendered":"<p>The economy is no longer a job supplier. This paradigm has now come to pass because, in the era of globalisation and the financialisation of our economies, growth no longer goes hand in hand with honourable and fairly paid work but for a minority. The subprime crisis came about fundamentally due to huge loans given out to middle class households in order to give them the illusion that they could maintain their standard of living.<!--more--><\/p>\n<p>Since then, we have understood that it is now no longer possible to live under the illusion that the gradual increase of our incomes would allow us to live better than our parents, and our children better than us. Since then, we have realised that the middle class \u2013 the pillar of our modern democracies \u2013 have been taking a beating from these illegitimate debts which have been encouraged by policies in order to maintain social harmony, and which have been lavished by the financial world in order to boost its profits. Capitalism, today, is tearing apart at the seams and is no longer able to produce stable growth, at best presenting deadly episodes marked by the implosions of speculative bubbles.<\/p>\n<p>It is now more than ever time to find an alternative for it, especially given that our economies are now becoming more and more built on the free exchange of information, which is completely incompatible with classical capitalism whose raison d\u2019\u00eatre is profit, and the means of achieving it is competition. It is therefore urgent to construct an economy which would no longer be based \u2013 or based only \u2013 on markets and prices. An economy which wouldn\u2019t prevent those who want to work from doing so, but which would also set aside a bigger and bigger number of people to accomplish tasks that robots are now becoming more and more capable of doing. This labour value, deeply rooted in our identity, must now be desacralised.   <\/p>\n<p>It would no longer be obligatory to accept degrading tasks. Voluntary work would be ardently endorsed. Personal fulfilment would no longer be owed to work. Material insecurity would finally be eradicated. Robotisation would benefit everybody, not just a miniscule number of people. The left and the right would understand that capitalism is not productive anymore. That it is in fact strictly no longer necessary to produce in this post-capitalist economy of ours, where money has lost its central role and where goods such as information can now be exchanged. <\/p>\n<p>Is it naive to wish for this unbridled capitalism to be gradually replaced by an era of collaboration between economic agents?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The economy is no longer a job supplier. This paradigm has now come to pass because, in the era of globalisation and the financialisation of our economies, growth no longer goes hand in hand with honourable and fairly paid work but for a minority. The subprime crisis came about fundamentally due to huge loans given&hellip;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[648941282,648941283],"tags":[],"class_list":["post-13759","post","type-post","status-publish","format-standard","hentry","category-capitalism","category-guaranteed-wage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Life beyond capitalism - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/capitalism\/life-beyond-capitalism-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Life beyond capitalism - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"The economy is no longer a job supplier. 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This paradigm has now come to pass because, in the era of globalisation and the financialisation of our economies, growth no longer goes hand in hand with honourable and fairly paid work but for a minority. The subprime crisis came about fundamentally\u2026","rel":"","context":"In &quot;capitalism&quot;","block_context":{"text":"capitalism","link":"https:\/\/michelsanti.fr\/en\/category\/capitalism"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/capitalisme.png?fit=570%2C360&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/capitalisme.png?fit=570%2C360&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/capitalisme.png?fit=570%2C360&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13773,"url":"https:\/\/michelsanti.fr\/en\/capitalism\/capitalism-doth-owe-it-all-to-the-reformation","url_meta":{"origin":13759,"position":1},"title":"Capitalism doth owe it all to the Reformation","author":"Michel Santi","date":"November 7, 2017","format":false,"excerpt":"The Reformation is five centuries old. It transformed Europe\u2019s economy and greatly contributed to the Western world\u2019s dominance over morals, culture and resources. Its rise was a tipping point for the West, whose gains in wealth and development were inversely proportional to the influence of the Catholic Church which had\u2026","rel":"","context":"In &quot;capitalism&quot;","block_context":{"text":"capitalism","link":"https:\/\/michelsanti.fr\/en\/category\/capitalism"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/MartinLuthe.jpg?fit=1200%2C857&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/MartinLuthe.jpg?fit=1200%2C857&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/MartinLuthe.jpg?fit=1200%2C857&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/MartinLuthe.jpg?fit=1200%2C857&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/MartinLuthe.jpg?fit=1200%2C857&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13795,"url":"https:\/\/michelsanti.fr\/en\/technology\/our-voluntary-submission-to-gafa","url_meta":{"origin":13759,"position":2},"title":"Our voluntary submission to GAFA","author":"Michel Santi","date":"April 4, 2018","format":false,"excerpt":"The GAFA companies and their consorts have become very powerful across the globe. They are now so present in, and indispensable to, our daily lives that they are competing with governments. The European Union, and even Trump\u2019s United States, are fully aware of this and we are now participating, stunned,\u2026","rel":"","context":"In &quot;technology&quot;","block_context":{"text":"technology","link":"https:\/\/michelsanti.fr\/en\/category\/technology"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/GAFA.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/GAFA.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/GAFA.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/GAFA.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/GAFA.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13675,"url":"https:\/\/michelsanti.fr\/en\/capitalism\/financial-crisis-painfully-commonplace","url_meta":{"origin":13759,"position":3},"title":"Financial crisis are painfully commonplace","author":"Michel Santi","date":"January 25, 2016","format":false,"excerpt":"Blinder is no one than he who refuses to see. The main factors responsible for the torments of these last few years are still at large, when they haven\u2019t been magnified despite declarations coming from the financial community and authorities claiming to be reassuring. According to them, systemic reforms would\u2026","rel":"","context":"In &quot;capitalism&quot;","block_context":{"text":"capitalism","link":"https:\/\/michelsanti.fr\/en\/category\/capitalism"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/krach.jpg?fit=583%2C376&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/krach.jpg?fit=583%2C376&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/krach.jpg?fit=583%2C376&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":19741,"url":"https:\/\/michelsanti.fr\/en\/secular-stagnation\/work-is-a-perished-good","url_meta":{"origin":13759,"position":4},"title":"Work is a perished good","author":"Michel Santi","date":"November 13, 2019","format":false,"excerpt":"\u00a0 Full time work for a fixed salary has only existed for around a hundred years, and still not for everyone, as women were deprived of it for a good while, including during the happy times of full employment in the second half of last century. Today, deregulation, outsourcing and\u2026","rel":"","context":"In &quot;minimum income&quot;","block_context":{"text":"minimum income","link":"https:\/\/michelsanti.fr\/en\/category\/minimum-income"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/11\/Chaplin.jpg?fit=515%2C386&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13687,"url":"https:\/\/michelsanti.fr\/en\/negative-rate\/economic-hibernation","url_meta":{"origin":13759,"position":5},"title":"Economic Hibernation","author":"Michel Santi","date":"February 25, 2016","format":false,"excerpt":"How have we lost our bearings? And why do the right and left \u2013 in all Western countries \u2013 appear to be applying the same economic policy, with only a few cosmetic nuances in difference? Where are the contentions of old that we used to have and which would pit\u2026","rel":"","context":"In &quot;Central Banks&quot;","block_context":{"text":"Central Banks","link":"https:\/\/michelsanti.fr\/en\/category\/central-banks"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/13759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=13759"}],"version-history":[{"count":0,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/13759\/revisions"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=13759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=13759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=13759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}