Copenhagen's Christiania squatters, famed for their anti-free market ways, are selling shares in their community so they can buy it from the government. What do you get for your investment: "a symbolic sense of ownership in Christiania and the promise of an invitation to a planned annual shareholder party." As one squatter calls it, "ownership in an abstract form."
According to the Copenhagen Post, after striking a deal with the state this summer, Christiania residents now need to raise 76.2 million kroner (almost $13 million) to buy the majority of the area’s properties and an additional six million kroner to rent adjoining green spaces. The first 43 million kroner (or approximately $8 million) is due on 15 April 2012. Several prominent people have purchased Christiania Shares, including Margrethe Vestager, minister of the economy and interior, and Mogens Lykketoft, president of parliament. The shares are available for purchase online
posted by infini
on Jan 17, 2012 -
Tragedy of the anti-commons
is the opposite of tragedy of the commons - it's when too many owners create grid-lock, nothing can get accomplished. It exists everywhere from copyright law, tech patents, music industry, airport runway expansion, medicine
, etc.. it is pervasive across all aspects of modern capitalist societies. The concept was coined by Professor Michael Heller who published a book in 2008 called The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives
. In an excellent Authors@Google video, Michael Heller
explains what it is and how it undermines capitalism, in particular over the past 30 years with increased privatization.
posted by stbalbach
on Feb 10, 2009 -
J.K. Galbraith shocked at scale of corporate failures.
"I can only say I hadn't expected to see this problem on anything like the magnitude of the last few months – the separation of ownership from management, the monopolisation of control by irresponsible personal money-makers." Myself and chrispy
came to the same conclusion on the drive home from the resolutely un- (rather than anti-) corporate Glastonbury Festival
today. Profit is valued and rewarded by the vast majority of corporations above all else. As a consquence, people with the same values dominate executive positions, to the exclusion of those with more 'humanitarian' or longer-term outlooks. Where is the balance? Should we make hippie non-exec directors compulsory? Or should I just go back to bed and let the drugs wear off???
posted by barnsoir
on Jul 1, 2002 -