Conventional economic theory fails to account for the pivotal role of the commons in generating and distributing wealth. It is important to understand the limits of individual property rights and pay attention the wide benefits coming from the commons sector of the economy.
A Southern town that broadens government role in promoting the common good. (Photo by J. Stephen Conn under a CC license)
Minnesota Governor Floyd Olson was elected on a platform advocating that resources be "operated democratically for the benefit of all the people".