Capitalism Is Not the Only Choice
NOVANEWS
By Penn Loh, YES! Magazine
An increasing number of worker co-operatives are challenging capitalism and gender oppression by creating new ways of navigating the economy. (Photo: Blend Images - Hill Street Studios / Getty Images).
Since the breakup of the Soviet bloc and China's turn toward free markets, many economists have pronounced an "end of history," where capitalism reigns supreme as the ultimate form of economy. Perhaps "there is no alternative" to a globalized neoliberal economy, as former British Prime Minister Margaret Thatcher often said. Indeed, free markets in which individuals compete to get what they can while they can are glorified in popular culture through reality shows such as Shark Tank.
But many of us in the 99 percent are not feeling so happy or sec...