Capitalism's Crisis: Are Cooperatives the Answer?

Описание: Can capitalism still organise society for the common good? That was the question I put to John Christensen. What we discovered is that the answer lies not in abstract theory but in practical experience. Mutuals, co-operatives and democratic institutions already shape our lives. The Nationwide building society, the Co-op, mutual insurers, some energy suppliers, pension funds and some phone providers prove that another way of organising the economy exists.

In this video, we discuss why shareholder capitalism has produced monopolies, failing utilities and democratic erosion, and why cooperation may be the basis of a politics of care.

If capitalism is failing, the question is not whether change will come, but how.

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TRANSCRIPT
A transcript for this video is available at: https://www.taxresearch.org.uk

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ABOUT RICHARD MURPHY
Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’.

This video was edited by Thomas Murphy.

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#CapitalismDebate #Cooperatives #MutualOwnership #PoliticalEconomy #PublicOwnership #EconomicReform #BBCFuture #TechMonopolies #DemocracyAndEconomy #CooperativeEconomics #UKPolitics #PublicServices #EconomicJustice #Mutualisation #StakeholderEconomy #AlternativeEconomics #SocialEconomy #Accountability #FutureOfCapitalism #EconomicDemocracy #money #finance #investing #investment #uk #usa

This discussion between Richard Murphy and John Christensen explores the growing debate around capitalism, cooperation, and mutual ownership in the modern economy. The conversation examines how joint stock companies prioritise shareholder profit, often at the expense of accountability, while cooperatives and mutuals offer democratic alternatives built around member benefit and public interest. From the role of tech monopolies to the future of public services like water, energy, and the BBC, the dialogue highlights how cooperative models could restore trust, improve transparency, and strengthen democracy in the UK and beyond. By drawing on historical perspectives, real-world examples, and practical proposals, this conversation provides a compelling case for rethinking economic structures in the 21st century.