Punk Capitalism

Listen to these distinguishing features / central axioms of Capitalism:

Each person owns his or her own labor and therefore is allowed to sell the use of it to employers [Take this a bit further forward along the curve and companies don't tend to have employees, just pools of talented people who do stuff]

The best allocation of resources is achieved through consumers having free choice, and producers responding accordingly to meet collective consumer demand [Yes, we like free choice... so much so that we're kissing goodbye to the mass and saying hello to the long tail. Again, pools of talented producers / citizens of the world meet collective demands of the people]


Globalisation in its literal sense is the process of transformation of local or regional phenomena into global ones. It can be described as a process by which the people of the world are unified into a single society and function together. [Now that's not so bad, is it?]

Looks like we need to redefine a few things. We humans are frighteningly susceptible to the power of suggestion. As Malcolm Gladwell illustrated in Blink, if you ask a bunch of people to walk down a corridor, sit a test and walk back up the corridor – the fact the test contained hidden references to old age will make them walk back much more slowly. Imagine what we’ve anchored to words like ‘Globalisation’ and ‘Capitalism’, evidenced by those irritating grown-ups who rant like freshers, contradictions galore, without actually doing anything.

Matt Mason talks about Punk Capitalism in his book The Pirate’s Dilemma. He says, ‘Punk’s independent spirits spurred a DIY revolution, encouraging us to reject authority and hierarchy, advocating that we can and should produce as much as we consume. Since punk, this idea has been quietly changing the very fabric of our economic system, replacing outdated ideas with 21st century upgrades of Punk Capitalism… There is a misconception that all changes we are experiencing as a society are the result of new technologies… the changes are profoundly cultural.’

So there we go. Punk Capitalism is the new way.


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