Blockchain Radicals by Joshua Dávila

Author:Joshua Dávila
Language: eng
Format: epub
ISBN: 9781914420702
Publisher: Watkins Media
Published: 2023-08-08T00:00:00+00:00

CHAPTER 8

DAOS AND DIGITAL COOPERATIVES: DECENTRALISING THE WORKPLACE AT SCALE

Robert Owen’s was a true insight: market economy if left to evolve according to its own laws would create great and permanent evils.

— Karl Polanyi, The Great Transformation: The Political and Economic Origins of Our Time

“Socialism” became an English word in 1827, when Cooperative Magazine described Welsh reformer Robert Owen (1771–1858) as a socialist — an advocate of the view that industrial wealth should be owned in common, on a cooperative basis. Owen was the first Briton to grasp the meaning of the Industrial Revolution.

— Gary J. Dorrien, Social Democracy in the Making: Political and Religious Roots of European Socialism

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