Our economic system is collapsing back on itself
Channel: Peninsula New Economy Transition
Date: 2015-11-05

A few decision makers are making the decisions that affect everyone: communities, workers, and ecosystems. We need to move toward an economic democracy where those impacted by economic decisions are at the table. For 150 years capitalism was an amazing economic engine, raising standards of living for everyone. Workers have become more and more productive over time, mostly due to education and technology. Since 1980, however, private profit has captured virtually all the benefits of growth while wages have stagnated. Worker productivity now accrues to fewer and fewer people.