The Tech Story Is Over
John Battelle
1K79

Reinventing capitalism is a wicked systems problem and how you frame “it” is critical. Capitalism may not be a “thing” in need of reinvention, it may be an ecosystem in need of renewal. The Anglo-Saxon version emerged in the communities of faith, trust and practice of the Nonconformist sects in 17th century England, especially the Quakers. It grew through the application of reason (the name “capitalism” dates only from the mid-19th century) and has matured in power, where it is now stuck. In ecology it takes destruction of some kind — wind, fire, flood or pestilence — to change a mature system. In England it took a civil war to shatter the established political structure. It will probably take an environmental crisis to supply the equivalent shock to capitalism.