Yes, there is an alternative
By the end of the first chapter, you may fall in love with capitalism. By the end of the second, you may fall out of love with capitalism, and by the end of the third, you may look at it as a by-gone relationship and look forward to the new one.
Coupled with the Industrial Revolution, capitalism brought enormous change to the world. It was far more efficient than previous systems, as it stimulated investment and production. However, what was an advantage at the beginning, led to its decline when pushed too far.
The last phase of Capitalism is likely to be increasingly traumatic, as transition periods usually are, but we can still make a difference: we may be able to avoid collective post-traumatic stress and turn it into post-traumatic growth, by helping Capitalism evolve.
One of the greatest economic problems at present is an increasingly dysfunctional relationship between money and value. Money has become a value in itself, in many cases only thinly connected to what it is supposed to represent. In this chapter we discuss how we can srengthen the connection between money and value.
In this chapter, we will suggest that five other defining features of Capitalism are paired with its counterparts for the system to evolve: individualism and commonality, investment and production, consumerism and needs, competition and cooperation, as well as quantity and quality.
A failure to provide a coordinated response to the Climate change, Covid pandemic and Ukraine demonstrates that we do not have effective mechanisms to successfully address global issues. We need a fresh approach. This chapter proposes evolving current global institutions into a new model that could address global challenges better.