Capitalism 3.0: A Guide to Reclaiming the Commons
by Peter Barnes
Copyright © 2006 by Peter Barnes
available online at http://www.capitalism3.com/files/Capitalism_3.0_Peter_Barnes.pdf

wealthandwant.com note: Capitalism 3.0 does not speak much to issues related to land (narrowly defined), but its contributions in related areas — natural resources, the environment, the commons — are so striking that it is worth sharing with you here. Wealthandwant is persuaded that the same ideas apply equally to the economic value of land itself. Barnes writes of upgrading our operating system. See also Bob Andelson's Henry George and the Reconstruction of Capitalism.

Preface — ecosystems, government's role, capitalism and democracy, privatization, tragedy of the commons, air, enough to go around, scarcity, sky trust, polluter pays, pay for what you take, refining capitalism, commons sector, corporations and government, corporations and society

PART 1: THE PROBLEM
Chapter 1 Time to Upgrade — next generation, biodiversity, carrying capacity, ecosystem, depleting resources, commons, tragedy of the commons, feedback loops, economic operating system, common property, commons sector, enclosure, illth, externalities, paying the wrong party, thneeds, corporations and society, sharing an inheritance, fences and small bandages, incentives
Chapter 2 A Short History of Capitalism — commons, ownership, poverty's causes, blaming the victim, war, John Locke, property rights, primogeniture, common property, take what you need, water, private property, mixing one's labor, Thomas Paine, Social Security, citizens' dividend, Homestead Act, broadcast spectrum, theft from individuals, theft from the commons, enclosure, externalities, illth, privatization, corporations and society, corporations' ascent, J. K. Galbraith, scarcity, Joshua Farley, ecosystems, privilege, population growth, carbon dioxide, capitalism, surplus capitalism, depleting resources, wealth concentration, globalization, poverty's causes, speculation, happiness, leisure, thneeds
Chapter 3 The Limits of Government — tragedy of the commons, statism, privatism, government's role, public trust, common property, capitalism and democracy, corporations and government, special interests, lobbyists, campaign finance, spectrum, intergenerational equity, ecosystem, green taxes, Pigou, carbon taxes, cap and trade, pollution taxes, public ownership, mining act of 1872, royalties, timber, Morrill Land Grant College Act, school lands, Alaska Permanent Fund, ownership, commons trustees
Chapter 4 The Limits of Privatization — sharing an inheritance, birthright, privatization, algorithms, corporations and society, ecosystems, wealth concentration, special interests, externalities, intergenerational equity, profits, triple bottom line, incentives, shareholder activism, pension funds, corporate governance, the price of nature, polluter pays, free market environmentalism, Coase, pollution, pollutees, subsidies, birthright, propertizing, pollution trading, giveaway or auction?, common property, trespassing on common property

PART 2 : A SOLUTION
Chapter 5 Reinventing the Commons — surplus capitalism, inequality, thneeds, happiness, all benefits..., algorithms, commons sector, feedback loops, future generations, externalities, commons, wealth concentration, under the protection, environment, community, culture, sharing an inheritance, privatizing, wealth from land appreciation, ecosystems, property rights, privileges, ascent of corporations, corporation privileges, common property, Alaska Permanent Fund, propertization, John Locke, created equal, birthright, citizens' dividend
Chapter 6 Trusteeship of Creation — free gifts of nature, land different from capital, depleting resources, divine right of capital, corporation privileges, privilege, pension funds, ERISA, takings, intergenerational equity, Domesday Book, trusts, stewards, common property trusts, pollution, illth, pollution rights, measurement, ecosystem services, public goods, Coase, pollutees, carrying capacity, citizen's dividend, externalities, rent, unearned increment, Adam Smith, scarcity, incentives, sustainability, poverty, property rights, politicians, fiduciary, trustee
Chapter 7 Universal Birthrights — capitalism and community, birthright, happiness, community, Monopoly, economic operating systems, capitalism, John Locke, Thomas Jefferson, Declaration of Independence, created equal, inequality, burden on the economy, citizens' dividend, stakeholder society, health care, something for nothing, wealth concentration, John Rawls, leveling the playing field, propertizing, Alaska, common property, intellectual property, predistribution, ownership society, common property trusts, pollution rights, under the protection, FIRE sector, social security, rising tide, primogeniture, children, landgrabbers, homeownership, intergenerational equity
Chapter 8 Sharing Culture — culture, intellectual property, enclosure, John Locke, corporate art, local art, under the protection, thneeds, spectrum, giveaway or auction?, advertising, digital TV, WiFi, internet as commons, public utilities, monopoly and oligopoly, publicly funded research, healthcare, take what you need, algorithms, commons algorithm

PART 3 : MAKING IT HAPPEN
Chapter 9 Building the Commons Sector — Sim Commons, local commons initiatives, land trusts, water trusts, groundwater trusts, community gardens, public spaces, WiFi, regional commons initiatives, air trusts, watershed trusts, buffalo commons, national commons initiatives, American Permanent Fund, Children's Opportunity Trust, Spectrum Trust, campaign finance, privatization, Commons Tax Credits, under the protection, global commons initiatives, global carbon trust, global atmosphere trust, incentives, burdening the economy, the role of government,
Chapter 10 What You Can Do — birthright, property rights, labor, citizens' dividend, capitalists, commons, pollution, government's role, corporations and society, Alaska, American Permanent Fund, thneeds, illth, privilege, ecosystem services, profits, sprawl

Appendix

Note: if some of these links don't work, it is because the themes are in the "underpopulated" category, and don't have multiple links in them yet. Reading the chapter will give you the text you're looking for. (See the Themes index page for further explanation of underpopulated themes.)

Wealthandwant.com does not completely agree with Barnes, but the book is highlighted here because it makes a number of points very well. Here are some points of disagreement:

Chapter 6 says, "First, to the extent commons rent is used for public goods rather than per capita dividends, the income recycling effects are diminished. This is offset, however, by the fact that public goods benefit everyone."

True, iff we choose to continue avoid collecting the economic value of land as our common treasure. Spending on public goods will increase land values. But we need to decide whether we think that economic value is rightly private treasure, or belongs to the commons. I think it is difficult to make the former case other than by saying that we've been doing it that way for a couple of centuries. (Chattel slavery was justified on that basis, too.)