The logic of the market is competition, not profit maximisation: cooperatives as a counterweight to corporatism

Interesting interview with Stefano Zamagni, the economist of civil society and cooperativism and advisor to the pope:

The video introduces how reciprocity differs from exchange, the importance of relational goods, and of contributive justice. I consider Zamagni an expression of market advocates that are natural allies of a p2p approach.

Description of the video by Bob Williams of Vancity:

“Interview with Professor Stefano Zamagni, Economic Professor from the University of Bologna- the oldest university in Europe. He is also an adjunct professor at John Hopkins University. He discusses his concept of reciprocity and the role of Co-operatives as sustainable and stable alternatives to the vagaries of unsustainable market capitalism. “Professor Zamagni of the University of Bologna outlined his views on the limitations of seeing the world’s various activities in a narrow market perspective, asserting the importance of reciprocity as a principle and the value of cooperatives which quite naturally adhere to a longer term reciprocal view.”

Watch the video:

Cooperatives: A Counterpoint to Corporatism – Pt.1: Professor Stefano Zamagni from ICTV Victoria on Vimeo.

Leave A Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.