Magazine article New Internationalist

Another Economy Is Possible

Magazine article New Internationalist

Another Economy Is Possible

Article excerpt

Another Economy is Possible by Manuel Castells et al (Polity, ISBN 9781509 517213)

What connects the diverse chapters in this anthology is the idea that 'the economy is not simply related to culture' but that 'economy is culture', as Castells puts it. The financial crisis of 2008 and difficulties in the Eurozone provide the backdrop, with much attention on southern Europe. There are inspiring alternative economic practices and a focus on the social and political circumstances necessary for another economy.

The book devotes due diligence to the feasibility of more widespread non-capitalist economies, not merely to their desirability. For the more casual reader this diligence may be its weakness. Although it straddles the line between academic and popular appeal, the emphasis on methodology places it more firmly in the academic camp, as does terminology that prioritizes precision over lucidity. …

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