Those who want an economy that works should focus on property rights. The banking collapse has lead to debt and debt to austerity. The agenda is to use debt to privatise more of the economy so education, health care, water provision are owned by distant owners and swopped around to make profit. A commons based economy puts these and other resources into the hands of local people to manage not for short term greed and the whims of bond markets but for long term need. Politics is essentially about property rights and the often invisible battles must be made visible and won.
There is an intellectual task to show that commons, perhaps termed communism, or democratic ownership of society by communities, works. The two towering figures here are Marx and Elinor Ostrom. In many ways they are polar opposites. The late great Elinor Ostrom won a Nobel Prize for her work showing the common pool property was an effective way of managing natural resources. She came from a liberal background and her work is very much about micro economics. Her work was based on detailed studies showing how an economy based on cooperation can be created. I would highly recommend both her Governing the Commons and her final book writing with Amy Potteete and Marco Jannssen ‘Working Together’.
Marx was, well, Marx! One of his earliest pieces of writing dealt with the removal of commons rights to German peasants — it became illegal for them to pick up fallen wood from forests. In Chapter 27 of Capital One he showed how the English commons had been stolen and enclosed by an elite. His ethnographic notebooks where he focused on indigenous commons were astonishing. For Marx the rational creative society is a self-owned one based on democratic control i.e the recreation of the commons