Owning the Future, page 20
as owners of means of production, 49
refocusing of on needs of wealthy ownership class, 58
reimagining of as institution of the commons, 68–70
remaking of in interests of capital, 58
as weathering Covid storm, 44–5
Covid-19 pandemic
acute fault-lines in, 157–8
as adding further social reproduction to work of wage labouring, 24
aftershocks of, 21
as brutal economic shock for low earners, 81
central banks’ power during, 73
clapping for carers during, 85
as confirming inequality, 156–7
Covid capitalism, 41–3
as crisis, 1–2, 5, 6
cruel sense of irony during, 76
current patterns of property and ownership as having strongly determined unfolding of, 6
distressed companies during, 64–5
as driving ongoing consolidation of Big Tech’s position as central organising force of our societies, 102
economic impacts of, 44–5
financial mayhem as caused by, 33
as holding mirror to transformation of way necessities of life are organised, 78–9
impact of sharp drop in demand for oil during, 141
internet problems during, 89–90
panic in global financial markets during, 44
potential of as reconfigurative break, 148
residential capitalism as hypercharged by, 83
vaccination rates, 1
vaccine development for, 114
‘Covid Corporate Financing Facility’ (UK), 44
Credit Suisse, on wealth ownership, 20
crises. See also climate crisis/climate emergency; ecological crises; financial crash/crisis (2008)
in care work, 158
corporations as at heart of many current crises, 48
Covid-19 pandemic as, 1–2, 5, 6
housing crisis, 80, 83
of inequality, 173
Crosland, Tony, 57
Cummings, Elijah, 96
D
Daraprim drug, 96
Dasgupta Review (2021), on economics of biodiversity, 137
data
building commons of, 112
ending enclosure of, 111–14
extraction of, 111, 164
social-ism of, 164–5
as source of power, 164
value of, 104–5
datafication, 104–5
data trusts, 164
Davies, William, 103
Davis, Mike, 17, 98–9
debt, of Global South governments, 63–4
Debt: The First 5000 Years (Graeber), 74
decarbonised society, transitioning to, 123, 142
the deflationary bloc, 30–1, 43, 83
democracy
according to Astra Taylor, 148–9
emergence of political democracy in nineteenth century, 69
emergence of social democracy in twentieth century, 69
as shared value, 9
threats to, 144
as violated by capitalist property relations, 18
democratic systems, waning faith in, 9
dependency, as dynamic of ownership, 22
digital infrastructure/technologies
and datafication, 104–5
development of, 91–2
digital divide, 7, 90, 159
economic and social challenges as inseparable from design and operation of, 103
as facilitating scope and scale of intermediation, 101–2
importance of, 90–1
dispossession, 12, 14, 22, 24, 50, 66, 103, 180
Dowling, Emma, 89
Dutch East India Company, 56
dystopian statism, 39
E
Earth Overshoot Day, 161
EasyJet, loan to during pandemic, 45
ecological crises, 6, 25, 114, 126, 127, 143, 163
ecological destruction, prevention of, 138–9
ecological modernisation, 170–1
economy
asset economy, 77, 81–2, 83, 85, 159, 177, 178
democratic one, 150
enormously concentrated economic power, 6
extractive economy, 122, 128–30, 145
fossil economy, 134, 167–8
foundational economy, 157, 161
global economy, 4, 5, 32, 49, 60, 106, 127, 170
as increasingly finance-led and asset-dominated, 32–3
private/public binary of as fictitious, 68
restructuring of by democratic power, 8–9
structural weaknesses of, 2, 3
ecosystems
capitalism’s value of, 26
collapse of, 137, 165
concerns about disturbances to, 128–9
damage to, 5, 138, 166
economic value of, 137
in Lithium Triangle. See Lithium Triangle
in Niger River Delta. See Niger River Delta
protection of, 133
restoration of, 136
threats to, 130
ecosystem services, 137, 165
Ecuador, Yasuní-ITT initiative, 171–2
electric vehicles (EVs), 3, 4, 123, 128, 170, 171
Eli Lilly, shareholder distributions from, 97
Employee Ownership Fund, 153
enclosure
as built into contemporary capitalist system, 5
injustices as emerging from, 96
land and nature as original sites of, 142, 165
as tendency of global capitalist system, 125
as undergirding exploitation, 23
Endnotes, 108
‘The End of Laissez Faire’ (Keynes), 54
environmental plunder, as product of exclusive and hierarchical ownership, 6
equality
as ecology, 161–2
as shared value, 9
European Green Deal, 123
EVs (electric vehicles), 3, 4, 123, 128, 170, 171
expansion, as tendency of global capitalist system, 125
exploitation
current economic arrangement and patterns of ownership as generating, 66
deepening of processes of, 118
enclosure as undergirding of, 23
inequality as setting in train process of, 157
of labour, 127, 131, 140, 144, 179
of nature, 131, 137, 142, 143
ownership as driving, 22–6
of people, 142, 143, 162, 172
of resources, 167, 172
expropriation
abolishing expropriation of wealth of social and ecological reproduction, 179
forms of, 23–5
inequality as setting in train process of, 157
of land, 122
ownership as driving, 22–6
shareholder as force against, 58, 60
threat of, 4
as undergirding exploitation, 23
extraction
as built into contemporary capitalist system, 5
climate emergency as rooted in, 177
consequences of interminable extraction, 125
current definition of, 145
data extraction, 111, 164
engines of, 44–75
fossil fuel extraction, 168
injustices as emerging from, 96
keeping it profitable, 140
of lithium, 128–30
offsetting schemes as mechanism for, 134
of rent, 47, 86, 103, 163
turning power of property the law confers on private parties into means of, 17
of value from labour and nature, 34
extractive economy
collective needs as basis for, 145
logic of, 122
ExxonMobil
as denying link between carbon emissions and human-caused climate change, 134
Investor-State Dispute Settlement Mechanism (ISDS) in US-Mexico-Canada Agreement, 172
F
FAAMG, and S&P 500, 102
Facebook, as one of five ‘FAAMG,’ 102
Farage, Nigel, 124
fascism, fossil fascism, 124
Federal Reserve (US)
action of to avert global depression, 41
corporate asset purchase programme, 64
using existing legal power of to buy and sell financial assets to regulate systemic risk, 168
on wealth ownership, 21
Feygin, Yakov, 30
finance
explosive growth of as central driver of
Anglo-American economies, 32, 35
freeing corporations from disciplining force of, 151
as having central role in democratisation of production and the corporate form, 74–5
shift towards market-based finance after 2008, 38
financial crash/crisis (2008), 25, 33, 36–40, 46, 137
Fink, Larry, 45
fiscal stimulus plans, 4
Florio, Massimo, 93
fossil capital, 180
fossil economy, 134, 167–70
fossil fascism, 124
fossil fuel industry
financial difficulty of during pandemic, 168
investment of in renewable and carbon capture technologies, 134
as not transitioning to decarbonised future, 139
reserves of as mostly held by state-owned companies, 140
foundational economy, 157, 161
fracking, 140
Fraser, Nancy, 20
freedom
as essential goal of political struggle, 180
paradox of, 12
as shared project, 180
as shared value, 9
understanding of, 149
as violated by capitalist property relations, 18
free gifts of nature, 24
free market competition, 39, 71
free trade agreements, 172
full fibre network, 90, 91, 158–9
G
Gabor, Daniela, 137
Gamble, Andrew, 17
GameStop, 46, 47
Germany
community land management in, 166
efforts ot renters’ unions in Berlin, 160
stock market valuations of public companies in, 16
Gilmore, Ruth Wilson, 180
global economy
according to Hyun-Song Shin, 49
corporation as engine of, 5
hard truths of, 127
inequality of, 20, 170
lithium source for, 4
ownership of as dominated by handful of financial behemoths, 60
restructuring of in favour of asset-holders, 32
slowdown in, 106
Graeber, David, 74, 148, 163
green capitalism, 123–7, 130–1, 134, 136, 144, 170
Green Industrial Revolution, 123
green recovery, 3, 4, 129, 146, 147, 172
green technology transfers, 171
H
Hall, Stuart, 178
Hanna, Thomas, 95
Harvey, David, 103
Henwood, Doug, 49
Heron, Kai, 167
historic bloc, current need for, 174, 177–9, 181
Hockett, Robert, 74
home ownership, 35, 80, 83–4, 159, 178
hostile takeovers, 57
housing crisis, 80, 83
housing insecurity, 5, 81, 102
housing market, inequalities of, 5, 6, 80–1
housing security, 76, 159–60
How Europe Underdeveloped Africa (Rodney), 24
Hyun-Song Shin, 49
I
Indigenous communities
as custodians of 80
percent of global biodiversity, 145, 167
displacement of, 129, 135, 142
dispossession of land of, 24
land ownership by, 166
resistance to extractive industry by, 179
as sacrifice zone, 4
violence against, 124
inequality
carbon inequality, 126–7
Covid-19 pandemic as confirming, 156–7
crisis of, 173
data as engine of, 113
as entrenched, 91, 112
of global economy, 20, 170
home ownership as driver of, 82, 83
new dynamics of, 31
rise in, 106, 114
in wage labour, 23
inflation
asset-price inflation. See asset-price inflation
winners and losers in, 43
information, new ways of sharing of, 72
injustice, 4, 21, 78, 79, 96, 126, 130, 132, 133, 139, 166, 176
intellectual property (IP)
commoning of, 163
current regime of, 114
dominant approach to, 95–6
interest rates
calls for aggressive hikes in, 43
regulation of, 38
International Energy Agency
on global demand for lithium, 4
net zero scenario of, 135
on reaching global net zero by 2050, 128
report on world’s energy future, 139
internationalist vision, importance of, 175
internet
full fibre network, 90, 91, 158–9
importance of, 89
investment industry, rise of, 77–8
Italy, cooperative welfare services in, 158
J
job insecurity, 106
Johnson, Boris, 3
JP Morgan, offsetting activities of, 133
justice
corporation as standing in direct tension with, 52
environmental justice, 172
racial justice, 171
realisation of, 149
as shared value, 9, 170
supply chain justice, 46
as violated by capitalist property relations, 18
K
Kelly, Gavin, 17
Keynes, John Maynard, 54, 117
key workers, 157, 177
Khan, Lina, 113
knowledge
common knowledge, 162–3
democratising of, 114–16
enclosure of public knowledge through property claims for extraction of private profit, 98
as increasingly enclosed behind private intellectual property regimes, 95
new ways of sharing of, 72
Konings, Martijn, 32, 77
L
labour
asymmetry of resources and bargaining power between labour and capital, 23
capitalism’s value of, 26
exploitation of, 127, 131, 140, 144, 179
extraction of value from, 34
organising of capital by, 153
surplus value as generated by labour and appropriated by capital, 48
transfer of wealth and income from labour to capital, 30, 106–7, 156
uneven global division of, 107
wage labour, 23, 24
Land Back movement, 167
land seizures, 25, 135
law
as active tool for creation of capital and its upward redistribution, 70
potential impact of root-and-branch reformulation of corporate and financial laws, 71
use of to reorganise platforms and dismantle existing forms of digital rentierism, 113
liberalism, as not bringing about democratisation of corporations, 66
lithium
Australia as world’s largest producer of, 129
explosive growth of lithium battery industries, 170
global demand for, 4, 128
South America’s ‘Lithium Triangle,’ 129
Lithium Triangle, 129
Lucas Plan, 117
Luxemburg, Rosa, 173–4
M
Malm, Andreas, 124
managerial capitalism, 56–7
Manchester University Centre for Research on Socio-Cultural Change, 157
market relations
as coercively structuring social life, 8
dominance of, 156–7
enforcement of, 28
the market
functioning of at global level, 72
as governing model of social life, 29
as needing to be subordinated to needs of society, 72
public power as generating structure of markets, 71–2
redesign of, 72
Marx, Karl, 22, 52–4, 55
Mason, J. W., 47, 94
Mazzucato, Mariana, 61
McGaughey, Ewan, 152
Meade, James, 155
Means, Gardiner, 55
Melvin Capital, 47
methane emissions, 6
Mexico, community forest trusts in, 166
Microsoft, as one of five ‘FAAMG,’ 102
Milburn, Keir, 166
Mitchell, Timothy, 13
Moore, Jason W., 23
N
National Care Service (Scotland), 158
nature
exploitation of, 131, 137, 142, 143
extraction of value from, 34
as once again a frontier for expansion and enclosure, 165
Nature Climate Change, on burgeoning consumption, 144
Nature Conservancy, and offsetting activities, 133
neoliberalism
achievements of, 30
described, 8, 27–9
interests of, 31–2
as restructuring global economy in favour of asset-holders, 32
net zero, use of term, 131
net-zero targets, 122, 126, 132
Neurath, Otto, 116
Niger River Delta
destruction of, 120–2
as sacrifice zone, 125–6
as symbol of violence and destruction of fossil-fueled economy, 125–6
Novo Nordisk, shareholder distributions from, 97
O
offsetting industry, 132–3, 134, 136, 165, 170, 171
O’Neill, Martin, 15
one-worker, one-vote principle, 150–1
ownership. See also home ownership; public ownership
alternative models of, 156
common ownership, 144, 145, 170
current economic model as rooted in private control, 6
current patterns as having strongly determined unfolding of pandemic, 6
current regime of, 13–17
democratisation of, 8
described, 11–12
forms of claims of, 14
increasing centrality of real estate ownership, 79
as indivisible from politics, 16
inequalities in current model of, 17
need for transformation of, 7
organising force of, 2, 3
pooling and anonymisation of, 54
reanimating public ownership, 92–4
as relational, 12
return of public ownership, 160–1
role of, 3, 10
share ownership, 53, 54, 55, 57, 59–62, 70
of utilities, 34, 92, 93, 113
Oxfam, study on carbon inequality, 126–7
P
pandemic. See Covid-19 pandemic
Paris Climate Agreement, 126, 131
refocusing of on needs of wealthy ownership class, 58
reimagining of as institution of the commons, 68–70
remaking of in interests of capital, 58
as weathering Covid storm, 44–5
Covid-19 pandemic
acute fault-lines in, 157–8
as adding further social reproduction to work of wage labouring, 24
aftershocks of, 21
as brutal economic shock for low earners, 81
central banks’ power during, 73
clapping for carers during, 85
as confirming inequality, 156–7
Covid capitalism, 41–3
as crisis, 1–2, 5, 6
cruel sense of irony during, 76
current patterns of property and ownership as having strongly determined unfolding of, 6
distressed companies during, 64–5
as driving ongoing consolidation of Big Tech’s position as central organising force of our societies, 102
economic impacts of, 44–5
financial mayhem as caused by, 33
as holding mirror to transformation of way necessities of life are organised, 78–9
impact of sharp drop in demand for oil during, 141
internet problems during, 89–90
panic in global financial markets during, 44
potential of as reconfigurative break, 148
residential capitalism as hypercharged by, 83
vaccination rates, 1
vaccine development for, 114
‘Covid Corporate Financing Facility’ (UK), 44
Credit Suisse, on wealth ownership, 20
crises. See also climate crisis/climate emergency; ecological crises; financial crash/crisis (2008)
in care work, 158
corporations as at heart of many current crises, 48
Covid-19 pandemic as, 1–2, 5, 6
housing crisis, 80, 83
of inequality, 173
Crosland, Tony, 57
Cummings, Elijah, 96
D
Daraprim drug, 96
Dasgupta Review (2021), on economics of biodiversity, 137
data
building commons of, 112
ending enclosure of, 111–14
extraction of, 111, 164
social-ism of, 164–5
as source of power, 164
value of, 104–5
datafication, 104–5
data trusts, 164
Davies, William, 103
Davis, Mike, 17, 98–9
debt, of Global South governments, 63–4
Debt: The First 5000 Years (Graeber), 74
decarbonised society, transitioning to, 123, 142
the deflationary bloc, 30–1, 43, 83
democracy
according to Astra Taylor, 148–9
emergence of political democracy in nineteenth century, 69
emergence of social democracy in twentieth century, 69
as shared value, 9
threats to, 144
as violated by capitalist property relations, 18
democratic systems, waning faith in, 9
dependency, as dynamic of ownership, 22
digital infrastructure/technologies
and datafication, 104–5
development of, 91–2
digital divide, 7, 90, 159
economic and social challenges as inseparable from design and operation of, 103
as facilitating scope and scale of intermediation, 101–2
importance of, 90–1
dispossession, 12, 14, 22, 24, 50, 66, 103, 180
Dowling, Emma, 89
Dutch East India Company, 56
dystopian statism, 39
E
Earth Overshoot Day, 161
EasyJet, loan to during pandemic, 45
ecological crises, 6, 25, 114, 126, 127, 143, 163
ecological destruction, prevention of, 138–9
ecological modernisation, 170–1
economy
asset economy, 77, 81–2, 83, 85, 159, 177, 178
democratic one, 150
enormously concentrated economic power, 6
extractive economy, 122, 128–30, 145
fossil economy, 134, 167–8
foundational economy, 157, 161
global economy, 4, 5, 32, 49, 60, 106, 127, 170
as increasingly finance-led and asset-dominated, 32–3
private/public binary of as fictitious, 68
restructuring of by democratic power, 8–9
structural weaknesses of, 2, 3
ecosystems
capitalism’s value of, 26
collapse of, 137, 165
concerns about disturbances to, 128–9
damage to, 5, 138, 166
economic value of, 137
in Lithium Triangle. See Lithium Triangle
in Niger River Delta. See Niger River Delta
protection of, 133
restoration of, 136
threats to, 130
ecosystem services, 137, 165
Ecuador, Yasuní-ITT initiative, 171–2
electric vehicles (EVs), 3, 4, 123, 128, 170, 171
Eli Lilly, shareholder distributions from, 97
Employee Ownership Fund, 153
enclosure
as built into contemporary capitalist system, 5
injustices as emerging from, 96
land and nature as original sites of, 142, 165
as tendency of global capitalist system, 125
as undergirding exploitation, 23
Endnotes, 108
‘The End of Laissez Faire’ (Keynes), 54
environmental plunder, as product of exclusive and hierarchical ownership, 6
equality
as ecology, 161–2
as shared value, 9
European Green Deal, 123
EVs (electric vehicles), 3, 4, 123, 128, 170, 171
expansion, as tendency of global capitalist system, 125
exploitation
current economic arrangement and patterns of ownership as generating, 66
deepening of processes of, 118
enclosure as undergirding of, 23
inequality as setting in train process of, 157
of labour, 127, 131, 140, 144, 179
of nature, 131, 137, 142, 143
ownership as driving, 22–6
of people, 142, 143, 162, 172
of resources, 167, 172
expropriation
abolishing expropriation of wealth of social and ecological reproduction, 179
forms of, 23–5
inequality as setting in train process of, 157
of land, 122
ownership as driving, 22–6
shareholder as force against, 58, 60
threat of, 4
as undergirding exploitation, 23
extraction
as built into contemporary capitalist system, 5
climate emergency as rooted in, 177
consequences of interminable extraction, 125
current definition of, 145
data extraction, 111, 164
engines of, 44–75
fossil fuel extraction, 168
injustices as emerging from, 96
keeping it profitable, 140
of lithium, 128–30
offsetting schemes as mechanism for, 134
of rent, 47, 86, 103, 163
turning power of property the law confers on private parties into means of, 17
of value from labour and nature, 34
extractive economy
collective needs as basis for, 145
logic of, 122
ExxonMobil
as denying link between carbon emissions and human-caused climate change, 134
Investor-State Dispute Settlement Mechanism (ISDS) in US-Mexico-Canada Agreement, 172
F
FAAMG, and S&P 500, 102
Facebook, as one of five ‘FAAMG,’ 102
Farage, Nigel, 124
fascism, fossil fascism, 124
Federal Reserve (US)
action of to avert global depression, 41
corporate asset purchase programme, 64
using existing legal power of to buy and sell financial assets to regulate systemic risk, 168
on wealth ownership, 21
Feygin, Yakov, 30
finance
explosive growth of as central driver of
Anglo-American economies, 32, 35
freeing corporations from disciplining force of, 151
as having central role in democratisation of production and the corporate form, 74–5
shift towards market-based finance after 2008, 38
financial crash/crisis (2008), 25, 33, 36–40, 46, 137
Fink, Larry, 45
fiscal stimulus plans, 4
Florio, Massimo, 93
fossil capital, 180
fossil economy, 134, 167–70
fossil fascism, 124
fossil fuel industry
financial difficulty of during pandemic, 168
investment of in renewable and carbon capture technologies, 134
as not transitioning to decarbonised future, 139
reserves of as mostly held by state-owned companies, 140
foundational economy, 157, 161
fracking, 140
Fraser, Nancy, 20
freedom
as essential goal of political struggle, 180
paradox of, 12
as shared project, 180
as shared value, 9
understanding of, 149
as violated by capitalist property relations, 18
free gifts of nature, 24
free market competition, 39, 71
free trade agreements, 172
full fibre network, 90, 91, 158–9
G
Gabor, Daniela, 137
Gamble, Andrew, 17
GameStop, 46, 47
Germany
community land management in, 166
efforts ot renters’ unions in Berlin, 160
stock market valuations of public companies in, 16
Gilmore, Ruth Wilson, 180
global economy
according to Hyun-Song Shin, 49
corporation as engine of, 5
hard truths of, 127
inequality of, 20, 170
lithium source for, 4
ownership of as dominated by handful of financial behemoths, 60
restructuring of in favour of asset-holders, 32
slowdown in, 106
Graeber, David, 74, 148, 163
green capitalism, 123–7, 130–1, 134, 136, 144, 170
Green Industrial Revolution, 123
green recovery, 3, 4, 129, 146, 147, 172
green technology transfers, 171
H
Hall, Stuart, 178
Hanna, Thomas, 95
Harvey, David, 103
Henwood, Doug, 49
Heron, Kai, 167
historic bloc, current need for, 174, 177–9, 181
Hockett, Robert, 74
home ownership, 35, 80, 83–4, 159, 178
hostile takeovers, 57
housing crisis, 80, 83
housing insecurity, 5, 81, 102
housing market, inequalities of, 5, 6, 80–1
housing security, 76, 159–60
How Europe Underdeveloped Africa (Rodney), 24
Hyun-Song Shin, 49
I
Indigenous communities
as custodians of 80
percent of global biodiversity, 145, 167
displacement of, 129, 135, 142
dispossession of land of, 24
land ownership by, 166
resistance to extractive industry by, 179
as sacrifice zone, 4
violence against, 124
inequality
carbon inequality, 126–7
Covid-19 pandemic as confirming, 156–7
crisis of, 173
data as engine of, 113
as entrenched, 91, 112
of global economy, 20, 170
home ownership as driver of, 82, 83
new dynamics of, 31
rise in, 106, 114
in wage labour, 23
inflation
asset-price inflation. See asset-price inflation
winners and losers in, 43
information, new ways of sharing of, 72
injustice, 4, 21, 78, 79, 96, 126, 130, 132, 133, 139, 166, 176
intellectual property (IP)
commoning of, 163
current regime of, 114
dominant approach to, 95–6
interest rates
calls for aggressive hikes in, 43
regulation of, 38
International Energy Agency
on global demand for lithium, 4
net zero scenario of, 135
on reaching global net zero by 2050, 128
report on world’s energy future, 139
internationalist vision, importance of, 175
internet
full fibre network, 90, 91, 158–9
importance of, 89
investment industry, rise of, 77–8
Italy, cooperative welfare services in, 158
J
job insecurity, 106
Johnson, Boris, 3
JP Morgan, offsetting activities of, 133
justice
corporation as standing in direct tension with, 52
environmental justice, 172
racial justice, 171
realisation of, 149
as shared value, 9, 170
supply chain justice, 46
as violated by capitalist property relations, 18
K
Kelly, Gavin, 17
Keynes, John Maynard, 54, 117
key workers, 157, 177
Khan, Lina, 113
knowledge
common knowledge, 162–3
democratising of, 114–16
enclosure of public knowledge through property claims for extraction of private profit, 98
as increasingly enclosed behind private intellectual property regimes, 95
new ways of sharing of, 72
Konings, Martijn, 32, 77
L
labour
asymmetry of resources and bargaining power between labour and capital, 23
capitalism’s value of, 26
exploitation of, 127, 131, 140, 144, 179
extraction of value from, 34
organising of capital by, 153
surplus value as generated by labour and appropriated by capital, 48
transfer of wealth and income from labour to capital, 30, 106–7, 156
uneven global division of, 107
wage labour, 23, 24
Land Back movement, 167
land seizures, 25, 135
law
as active tool for creation of capital and its upward redistribution, 70
potential impact of root-and-branch reformulation of corporate and financial laws, 71
use of to reorganise platforms and dismantle existing forms of digital rentierism, 113
liberalism, as not bringing about democratisation of corporations, 66
lithium
Australia as world’s largest producer of, 129
explosive growth of lithium battery industries, 170
global demand for, 4, 128
South America’s ‘Lithium Triangle,’ 129
Lithium Triangle, 129
Lucas Plan, 117
Luxemburg, Rosa, 173–4
M
Malm, Andreas, 124
managerial capitalism, 56–7
Manchester University Centre for Research on Socio-Cultural Change, 157
market relations
as coercively structuring social life, 8
dominance of, 156–7
enforcement of, 28
the market
functioning of at global level, 72
as governing model of social life, 29
as needing to be subordinated to needs of society, 72
public power as generating structure of markets, 71–2
redesign of, 72
Marx, Karl, 22, 52–4, 55
Mason, J. W., 47, 94
Mazzucato, Mariana, 61
McGaughey, Ewan, 152
Meade, James, 155
Means, Gardiner, 55
Melvin Capital, 47
methane emissions, 6
Mexico, community forest trusts in, 166
Microsoft, as one of five ‘FAAMG,’ 102
Milburn, Keir, 166
Mitchell, Timothy, 13
Moore, Jason W., 23
N
National Care Service (Scotland), 158
nature
exploitation of, 131, 137, 142, 143
extraction of value from, 34
as once again a frontier for expansion and enclosure, 165
Nature Climate Change, on burgeoning consumption, 144
Nature Conservancy, and offsetting activities, 133
neoliberalism
achievements of, 30
described, 8, 27–9
interests of, 31–2
as restructuring global economy in favour of asset-holders, 32
net zero, use of term, 131
net-zero targets, 122, 126, 132
Neurath, Otto, 116
Niger River Delta
destruction of, 120–2
as sacrifice zone, 125–6
as symbol of violence and destruction of fossil-fueled economy, 125–6
Novo Nordisk, shareholder distributions from, 97
O
offsetting industry, 132–3, 134, 136, 165, 170, 171
O’Neill, Martin, 15
one-worker, one-vote principle, 150–1
ownership. See also home ownership; public ownership
alternative models of, 156
common ownership, 144, 145, 170
current economic model as rooted in private control, 6
current patterns as having strongly determined unfolding of pandemic, 6
current regime of, 13–17
democratisation of, 8
described, 11–12
forms of claims of, 14
increasing centrality of real estate ownership, 79
as indivisible from politics, 16
inequalities in current model of, 17
need for transformation of, 7
organising force of, 2, 3
pooling and anonymisation of, 54
reanimating public ownership, 92–4
as relational, 12
return of public ownership, 160–1
role of, 3, 10
share ownership, 53, 54, 55, 57, 59–62, 70
of utilities, 34, 92, 93, 113
Oxfam, study on carbon inequality, 126–7
P
pandemic. See Covid-19 pandemic
Paris Climate Agreement, 126, 131
