Capitalism began as a theory about how the economy functions. It was both descriptive and prescriptive – it offered an account of how money worked and promoted the idea that reinvesting profits in production leads to fast economic growth. But capitalism gradually became far more than just an economic doctrine. It now encompasses an ethic – a set of

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Capitalism has a number of useful features. Yet none of its shortcomings match its inability to accept natural abundance. Facing such conditions for resources – as with information, energy and labour – production for profit begins to malfunction. All of this can be explained by the fact capitalism emerged in a world fundamentally different to the

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