for - quote - Web3 is mainly an exit (escape) strategy for privileged layers of society - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2

for - quote - constructing Cosmo local as a counter power to the current dominating power of trans-national finance - from Substack article - The Cosmo-Local Plan for our Next Civilization - Michel Bauwens - 2024, Dec 20

quote - constructing Cosmo local as a counter power to the current dominating power of trans-national finance - (see below) - The idea here is a potential ‘entanglement’ between the local and the translocal level, - which creates new levels of strength and capacity for the local. · Hence, faced with the potential hostility of nation-states that are under the influence of extractive forces of trans-national finance, - the local is no longer just the local, but - a local that is also cosmo-local, and - can mobilize counter-power. - Faced with the potential hostility of nation-states - that are under the influence of extractive forces of trans-national finance, - the local is no longer just the local, - but a local that is also cosmo-local, and - can mobilize counter-power.

// This is a very important observation Local communities by themselves don't have the capacity to stand up against trans-national power, but uniting together gives local communities this capacity and a fighting chance

• A large network of people accessing an open knowledge commons increases the local information capacity of a community,
  • compensating for the specific knowledge deficits of a community and enabling projects to co-create healthy, local,autonomous wellbeing culture and economy.

//

for - quote - local commons - alone cannot solve the metacrisis / polycrisis - Michel Bauwens

quote - local commons - alone is insufficient to solve the metacrisis / polycrisis - Michel Bauwens - (see below) - But surely, purely local commons, - which have been under centuries of pressure in the capitalist order, - are not enough to be such a counter-weight ? - Indeed, they are not, if they have to face - not only the pressure of potentially hostile nation-states, and - the combined power of transnational capital. - They are a necessary - entropy can only be remedied at the local level, - but not sufficient condition for a return to ecological and social balance. - Too many aspects of the response to the meta-crisis still need planetary cooperation and coordination.

for - quote - the Nation (state) is no longer able to force the State to regulate the Market - Michel Bauwens - climate crisis - transnational capitalism escapes the regulation of nation states - example - COP conferences and climate change

for - quote - transnational capitalism escapes the regulation of nation states - Michel Bauwens - climate crisis - transnational capitalism escapes the regulation of nation states - example - COP conferences and climate change quote - transnational capitalism escapes the regulation of nation states - Michel Bauwens (see below) - The nation-state equilibrium started to be disrupted in the 1980s. - Neoliberalism is in fact, also a failed attempt at global regulation. - Several events, such as - the conservative counter-revolution of Thatcher and Reagan, - the collapse of the Soviet Union in 1989-91, and - the failure of the first attempt at democratic coordination of the economy in Chile (Cybersyn), - contributed to the emergence of a new world order in which, for the first time in history, - transnational capital could significantly escape the regulation of the nation-states, rendering the latter inoperative. - This was of course done consciously and with the collaboration of neoliberal nation-states.

comment - This is why climate change agreements at the nation-state level, such as COP conferences, are such dismal failures - Trump was bought out by billionaires who wanted to maintain their status quo money-making-machines - In this sense, this is conservatism at work - Economic, fossil-fuel incumbents teamed up with Christian fundamentalists to make a last valiant attempt at preserving the old order - Unfortunately, if they succeed, it will definitely accelerate their demise as well as the entire biosphere

for - quote - roots of industrial capitalism - found in medieval monasticism - Michel Bauwens on Pierre Musso - question - what was the impact of monasticism on modern capitalism? How did it become so pathological,?

for - AI music theft - citation - Noam Chomsky - quote - Noam Chomsky - AI as plagiarism on a grand scale

to - P2P Foundation - commons transition plan - Michel Bauwens - netarchical capitalism - predatory capitalism - https://wiki.p2pfoundation.net/Commons_Transition_Plan#Solving_the_value_crisis_through_a_social_knowledge_economy

• for: quote - ethereum - milestone - integration with physical production commons

• quote

  • The next step would be a convergence with the commons of physical production, the cosmo-local urban commons and p2p hardware companies, so that crypto governance becomes a mutual coordination infrastructure for more and more human citizens
• author: Michel Bauwens
• date: 2023