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Capital in the twenty-first century, and an alternative

We need a new paradigm, informed by the past, which can address most of the problems that capitalism has been creating, for the benefit of the many and of the environment.

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"Wikihouse is an open source project to reinvent the way we make homes... "Four years ago, Thomas Piketty published his best-seller that tried to provide a working model for capital in the twenty-first century. The reasons why Piketty failed to accomplish some of his goals have been well explained by David Harvey.

I’d like to shed light on a new process that has been neglected by both Piketty and Harvey. For those who wish to understand “capital in the twenty-first century”, studying a rising form of production is of paramount importance. Following the format of ‘capital’, I call this emerging phenomenon ‘phygital’.

What is capital?

Capital is a process, not a thing, which results in social relations. Put simply, it is a process in which money is used to make more money. This process is situated in a specific context where the capital owners develop multifaceted relations with the rest of the people and their habitat. Capital is a process in which money is used to make more money.