Stirrings of the new economy

A new economy is emerging as the old economy falters, writes Econ4’s Juliet Schor in the New York Times:

[W]hile they are no panacea, the emergent trends of community fabrication, self-provisioning and the sharing economy collectively suggest a future for work in wealthy countries that involves more making, sharing and self-organizing. There may be fewer formal jobs — but a more entrepreneurial approach to making money, one that emphasizes smaller-scale companies and collectively owned enterprises, more sharing, and less spending. As painful as the years since the crash have been, a more resilient, satisfying and sustainable way to work and live could be one beneficial consequence.

Read her op-ed piece here.