Review of Capitalism 3.0

Ok, I've finished reading the book by Peter Barnes, and I really think he's on to something.

First, the website link:

http://onthecommons.org/

This is a collaborative website between Peter are a few other authors on similar subjects, all focused on getting people's attention to the commons and our need to safeguard it and protect it.

The site is a project of the Tomales Bay Institute, a search for which came up with a whole bunch of interesting links, especially this one! I'll have to check those out a bit later.

Ok, back to the book. The core concept is that we need to establish property rights for the commons, and put trusts on par with corporations that would balance the needs of future generations and all life on earth with the corporation's need for profits. He cites the Alaska Permanent Fund as an example, and suggests that similar funds could be set up in other states, at a national level, and even global for something like the ocean.

I'm hoping that the book will be translated into Spanish so the new leaders in Latin America can try out the ideas down there.