Yes, this is what the Nobel Laureates for 2009,Elinor Ostrom and Oliver Ostrom, seem to think.In opposition both to private and government ownership, control and management, Ms Ostrom,in her extensive work in places as far apart as California, Switzerland, India and Nepal,has discovered that self-organized communities are perfectly able to manage their land, forests, fisheries or irrigation systems, without having to rely on privatisation or on the overarching power of the state.In her works she has pressed beyond the simplistic rational choices approach which reduces human beings to mere machines or homo economicus.
In my view this is a very significant finding and suggests a way forward for the crisis ridden humanity. Alan Greenspan has openly admitted that such crises will recur till human beings are driven by greed.And now Michael Moore, the ferocious film maker, has openly called capitalism a Ponzi scheme since the top 1% of Americans own more wealth than the bottom 95%.So far democracy has been hijacked by capitalism, and in view of the Nobel Laureate's findings,it makes sense that we do our utmost to ensure that democracy awaken from its long drawn Winkleian slumber.
But this will only happen when we wake up, strengthen our communities and realize the immense power at our command.Clearly our slumber is proving to costly for each and every one of us.
Do You Yahoo!?
Tired of spam? Yahoo! Mail has the best spam protection around