Commoners in Transition

Michel Bauwens/Douglas Rushkoff

Digital Generative Economies and the New Guilds: A Conversation between Michel Bauwens and Douglas Rushkoff

An interview between these two thinkers where they discuss finance, value, business and the Commons including a historical perspective. What follows is a list of items covered during the discussion and links for definitions and further reading.

Bauwens (l), Rushkoff (r)

Bauwens (l), Rushkoff (r)

  • 00:00 Douglas Rushkoff
  • 1:52 Michel Bauwens
  • 3:13 Michel asks Doug about the evolution of society and guilds
  • 4:09 Guilds: “the wheels of commerce”, Fernand Braudel’s books on capitalism and civilization
  • 4:50 After the Crusades, late middle age, trade guilds emerged, economy, work
  • 7:30 Aristocracy got crushed by P2P economy so broke up guilds and local currencies – chartered monopolies
  • 8:20 Michel talks about what might be contemporary versions of guilds – Enspiral, Sensorica
  • 10:34 How can we create value sovereignty? Open value accounting
  • 11:50 Open Coops, Capped returns
  • 14:47 Douglas: How to get buy in to these new kinds of company form – freelance union
  • 16:10 Michel: Smart – Belgian payment service – mutualizing – alternatives
  • 18:30 Douglas: Mutualism
  • 23:00 Developing sustainable businesses. Example : Aker – Open farm toolkits – one of 12 projects at the POC21 innovation camp
  • 24:57 Netarchical capitalism, Platform cooperativism – Can existing companies change?
  • 26:30 Borrowing instead of buying
  • 27:50 Flexible versus brittle in highly financialized landscape
  • 29:40 Open Accounting – Sensorica – transvestment
  • 30:30 Derivative markets led to amplification of capital, local currencies will end up more stable then central currencies
  • 31:42 Madison mapping summit – Mutual Aid Network
  • 34:13 Asking Doug how he applies P2P to government and governance? (direct democracy, Loomio)
  • 35:50 P2P form of democracy – cities, city states and nation states
  • 37:00 We live in the spectacle of a democracy, trans-nationality, trans-local, guilds to counter global corporations
  • 40:28 Currency + nationality. National economies, federal banks, fiscal policy
  • 42:10 Crypto and LETS, critique on using blockchain
  • 44:27 DAO – we need ethical, sustainable forms not more rent extraction schemes, legacy advantage
  • 46:46 Platform Cooperativism – {Doug}
  • 50:00 Distributed ownership
  • 51:30 Open Coops {Michel} – coop as distributed capitalism not good enough, actively creating common goods, Fairshares

This interview was conducted by the P2P Foundation’s James Burke

Lead image by aotaro

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