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Crucially, structural adjustment programmes and the Washington Consensus need to be replaced though preferably not by China simply replacing the US as the global hegemon. Yanis Varoufakis and his colleagues propose a new global economic architecture whereby, to keep the world economy in balance, national surpluses and deficits would both be taxed, with the funds raised being channeled into a Global Green New Deal. They also want to change property rights, so that 10% of the shares of large companies are placed into a global equity fund and the dividends disbursed as a global universal basic dividend. Over time this percentage could increase until we end up with a kind of world-wide market-based socialism.

An alternative vision is for deglobalisation. Instead of entire countries being turned into massive export processing zones, Walden Bellos deglobalisation paradigm advocates production primarily for local markets. Trade and industrial policy including subsidies, quotas and tariffs would be used to protect local markets from flooding by corporate-subsidized commodities and strengthen manufacturing sectors. Measures for land and income redistribution would be taken, helping to create vibrant local markets and local sources of financial investment. Meanwhile, the multilateral bodies like the WTO, World Bank and IMF that have been vehicles for neo-imperialism would be replaced by regional institutions built on cooperation instead of free trade and capital mobility.

Some are squeamish about the idea of deglobalisation, worrying that it means nationalist isolationism and indeed, that is what the term has come to stand for in its nativist iteration (though this is wildly different from what Bello has in mind). More fundamentally, there is a question mark over whether a system of nation-states competing within the framework of global capitalism no matter how attenuated that version of capitalism might be can ever really transcend economic imperialism and trade wars (or actual wars for that matter).

Yet shortening supply chains, at least for essential items like food, seems like a no brainer from an environmental as well as a global justice perspective. Lets carry on our thought experiment of imagining a future beyond the nation-state: instead of states competing for resources on a lopsided playing field, we can envision the stewardship of commons by local communities that are relatively self-sufficient but networked transnationally. There would be no need to squabble over resources because instead of a logic of scarcity there would be a logic of abundance. This doesnt mean that everyone in the world would suddenly be able to fly every week or own a Ferrari we are living within planetary boundaries here. Murray Bookchin wrote that real abundance is not about being able to satisfy an infinite parade of desires, but having the collective autonomy to choose our needs (i.e. decide whats important), and work out how to satisfy them together therein lies true freedom.

The response to Covid-19 has put us at risk from encroaching authoritarianism and has further exposed the lack of trust people already had in their political systems. In liberal democracies, the decades of neoliberalism have hollowed out democratic institutions, as power has been transferred to transnational corporations. Politics has become about marketing and spin, and citizens are treated as consumers.

Meanwhile, spreading democracy has been a cover for the invasion and occupation of territories that were supposed to be sovereign by imperial powers. Marxists, anarchists and feminists have long asked whether capitalism is compatible with democracy at all. The gap between what liberal democracy promises in theory and what it has delivered has led to many people punting on illiberal democracy instead, with anti-democratic leaders being democratically elected.

If we are going to put the brakes on the ecological and social catastrophes under way, we will need to democratise democracy. Its not for nothing that one of Extinction Rebellions key demands is for citizens assemblies. The rapid transformations we will need to our social structures will have to be decided upon collectively, if we are to avoid eco-authoritarianism or eco-fascism. Peoples assemblies, town halls, participatory budgeting, citizens juries, and properly resourced, empowered local governments will be key.

Democratising democracy obviously means taking big money out of politics, but it also means removing the line that separates politics from the economy. In liberal democracies, huge swathes of society are out of reach of the decision-making powers of the citizenry. That will need to change. As discussed, we will need workplace and economic democracy, where fundamental decisions about provisioning are made by everyone, not just ruling elites.

The question of scale arises again here. Democracy isnt really democratic if the resources people are enjoying in one part of the world are actually being pilfered from other parts of the world, or if they are producing environmental impacts felt elsewhere. One proposal to ameliorate this is to introduce democracy on a global scale through a world parliament, where every citizen in the world would be able to directly elect representatives.

Others have criticised the idea of a world parliament as universalising a single version of politics and imposing it onto the entire globe, thereby reproducing the colonising drive it is supposed to combat. They prefer the idea of unity in diversity in the Zapatistas words: one world where many worlds fit. In this vision, the issue of scale would be addressed horizontally rather than vertically with autonomous communities working together to solve large-scale problems.

Citizens assemblies and town halls are about supplementing representative democracy with more direct forms of democracy. Down the line, we could take this much further. The horizontal, confederalist approach described above has direct democracy at its core. Direct democracies already exist Chiapas and Rojava are famous examples, and there are many impulses towards what Ashish Kothari calls Radical Ecology Democracy. Here, the commune or neighbourhood is the basic political unit, with people meeting face to face to make the decisions that affect their lives. For larger-scale issues, there are representative local assemblies and municipal councils, but these are accountable to the grassroots level.

These movements reject the nation-state as the locus of sovereignty, viewing the state as inextricably bound up with environmental destruction, repression and patriarchy. Radical Ecology Democracy instead advocates local custodianship of the commons combined with bio- and eco-regionalism. Crucially, to avoid repeating the patriarchy of the state, these direct democracies must be and are explicitly feminist, enshrining gender equality in their constitutions and instituting women-led committees on womens rights. And again, thinking about local communities as the locus of sovereignty doesnt have to mean parochialism and isolation. On the contrary, going beyond the nation-state can mean removing borders to the free flow of people and ideas.

Globally, women carry out 76% of unpaid labour mainly domestic and care work, which takes place inside the home. The family home can also be a dangerous and even deadly place for queer people and women, as one in three women suffer violence, usually by an intimate partner. The pandemic has intensified these problems and brought them further into the light. Given the reaction to an article we published on ourEconomy on the coronavirus and the family, challenging this most fundamental of institutions can make people, erm, emotional. If youre lucky, the family is also the source of deep bonds of love the stuff that makes life worth living, another thing that the virus has driven home.

But, as the authors of Feminism for the 99% point out, the unique feat of capitalism was to separate the public from the private, delegate the private to women and banish it to the home. Without the unpaid and invisible domestic, care and emotional work of women, the capitalist economy would not be able to run. Because it is women who carry out most of this reproductive labour, it is also women who are on the front line of environmental breakdown; as they are the main providers of food and fuel, they are worse impacted by flooding and drought. The U.N. estimates 80% of those who have been displaced by climate change are women.

Under neoliberalism, women are being more and more squeezed, making up an increasing proportion of the paid workforce as well as doing the vast majority of unpaid work. This has led to the erection of vast global care chains, as women who can afford to outsource their unpaid work to less well off women, often from the global south, who have their own families to care for. These gendered and racialised structures need to be transformed.

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How to fix the world - Open Democracy