The Alternative by Nick Romeo review – moral substitutes for the free market model

A survey of the global alternatives to the current economic system makes for an enlightening, inspiring read, but you’re left wondering why such initiatives have failed to take hold

I wrestled with how to approach this review. On the one hand, The Alternative brings together an appealing range of ways people across the west are imaginatively and determinedly contesting the givens in today’s capitalism. There is an ache for better – for more just ways of organising the way we work and adding more meaning to our lives. You can’t help but applaud Nick Romeo for showing the workable alternatives to capitalism and the moral driver behind them – everything from the way companies are incorporated to how employees are hired, paid and enabled to share in the value they create. There is no need for ordinary workers to be pawns in a system that makes humanity and ethics secondary to the unbending logic of the marketplace and blind, selfish capital.

On the other hand, is it all worth more than a can of beans? How are a collection of disparate, often small scale, if great, initiatives going to grow into a systemic challenge to the way things are currently organised? The Mondragon co-operative movement that Romeo applauds fascinated me as a teenager for all the reasons he sets out. The hope was the virtues he cites – essentially treating workers fairly, decently and with respect – would unleash such increased engagement, productivity and purpose that the good would drive out the bad of its own accord. A more moral economy, retaining the pluralism of capitalism but less of its innate exploitativeness, was there for the having. Well, more than 50 years later Mondragon has grown into one of the top 10 companies in Spain – but has too few emulators even in its own country. This admirable, readable book tries to offer hope. But for all Romeo’s enthusiasm, the question is left hanging. Why so little progress when the case against how so much of the way work and welfare is organised is so strong – and the alternatives so viable?