There is no economic system that can eliminate capital. The most basic economic equation is to try to divide limited resources amongst unlimited wants and that is done by careful manipulation of the three fundamental 'economic gods' of capital, labour and natural resource. To say that either capital or labour can provide the solution on their own has proven to be false. Natural resource is the one that is now being brought to the fore as it becomes more obvious that we will run out. People wanting these resources will fight for them; the most powerful will win and, as ever, ordinary people are ones who will suffer most. Global resources must be just that. Global. Localisation or nationalistic ownership of any of these resources will make matters worse. True globalisation and properly managing the worlds resources, including labour and capital, must be given priority.

But don't ask me how. My economics degree course was cancelled after a few weeks due to lack of interest :-(

DtG