The Epilogist

by Michael Bauwens

from Al Jazeera

The Occupy Wall Street movement is a model for a new economic paradigm, in which value is first created by communities.

Chiang Mai, Thailand – Last week I discussed the value crisis of contemporary capitalism: the broken feedback loop between the productive publics who create exponentially increasing use value, and those who capture this value through social media – but do not return these income streams to the value “producers”.

n other words, the current so-called “knowledge economy” is a sham and a pipe dream – because abundant goods do not fare well in a market economy. For the sake of the world’s workers, who live in an increasingly precarious situation, is there a way out of this conundrum? Can we restore the broken feedback loop?

Strangely enough, the answer may be found in the recent political movement that is Occupy, because along with…

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