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Transforming Our Economy

About This Collection

Inspired by the Capital Institute's Third Millennium Economy initiative, this collection highlights those voices - ecological economists, sociologist, finance professionals, environmentalists, community developers - advocating a restructuring of our economy to transition to a truly sustainable economic system.

Curated by mokiethecat

How Free is the Free Market by Raj Patel

Raj Patel, author of *The Value of Nothing*, critiques the free market's impact on freedom and resource management. He argues that prices often mislead us, revealing "hidden costs" that distort true value. For instance, a hamburger's real price could be $200 when factoring in environmental and health expenses.

Patel, an activist and academic, suggests Nobel laureate Elinor Ostrom's concept of collaborative governance, known as "the commons," offers a better alternative for resource management than the current free market system. Visit Raj Patel's website: rajpatel.org.

EarthSayer Raj Patel

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