Towards Civic Capitalism: The Social Quality of Participatory Democracy

The Sheffield Political Economy Research Institute (SPERI) recently launched an initiative for developing a new capitalism to replace the failed Anglo-American neo-liberal model, which the Coalition Government clings to despite the model’s fiscal and moral bankruptcy. This new civic capitalism would emphasise people as citizens within a democratic polity, seeking sustainable and socially just economic growth, rather than the unsustainable consumerism of selfish individualism, socially destructive levels of inequality, and increasing precarity for the majority of people created by the neo-liberal model of capitalism. Continue reading