The Value of Nothing: How to Reshape Market Society and Redefine Democracy

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The Value of Nothing: How to Reshape Market Society and Redefine Democracy

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“A deeply though-provoking book about the dramatic changes we must make to save the planet from financial madness.”–Naomi Klein, leader of The Shock Doctrine
 
Opening with Oscar Wilde’s observation that “nowadays people know the fee of everything and the value of nothing,” Patel shows how our faith in prices as a way of valuing the world is misplaced.  He reveals the hidden ecological and social costs of a hamburger (as much as $200), and questions how we came to have markets in the first place.  Both the corporate capture of government and our current financial crisis, Patel argues, are a result of our democratically bankrupt political system.
 
If part one questions how we can rebalance society and limit markets, part two answers by showing how social organizations, in America and around the globe, are finding new ways to clarify the world’s worth.  If we don’t want the market to fee every aspect of our lives, we need to learn how such organizations have learned democratic ways in which people, and not simply governments, can play a crucial role in deciding how we might share our world and its resources in common.
 
This fleeting, timely and inspiring book reveals that our current crisis is not simply the result of too much of the incorrect kind of economics.  While we need to rethink our economic model, Patel argues that the larger failure beneath the food, climate and economic crises is a political one.  If economics is about choices, Patel writes, it isn’t regularly said who gets to make them.  The Value of Nothing offers a fresh and accessible way to reflect about economics and the choices we will all need to make in order to make a sustainable economy and society.

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