A fourth principle should be: attack the problem from all angles. With the rise of networks, the capacity for meaningful action is no longer confined to states, corporations and political parties; individuals and temporary swarms of individuals can be just as powerful agents of change.
At present, the community of thinkers and activists around the peer-to-peer movement are heavily focused on experimental, small-scale projects – credit unions or co-ops, for example. When they think about the state, it is at the level of laws to protect and extend the peer-to-peer sector. With the exception of thinkers such as Michel Bauwens4 and McKenzie Wark5, few have bothered to ask what a whole new system of governance and regulation might look like in this new mode of production.
In response, we should broaden our thinking so that solutions can be found through a mixture of small-scale experiment, proven models that can be scaled up and top-down action by states.
So if the solution in finance is to create a diverse, socialized banking system, then setting up a credit union attacks the problem from one direction, outlawing certain forms of speculation attacks it from another, while changing our own financial behaviour attacks it from still another angle.