For several decades people have been grappling with how to retain the material safety and cultural richness of indigenous non-capitalist societies and economies, but also gain the health, wealth, education and life opportunities the modern capitalist world offers. This book brings together examples of attempts to forge locally appropriate versions of modernity; development that suits the aspirations and circumstances of particular groups of people. Authors question how the market economy has been variously negotiated by groups who also have other systems through which they organize their social and economic life. What has worked for these people, what has not, and why? The volume addresses how, as a social and economic system, capitalism has been very effective in generating wealth and technological innovation, but has also been associated with great social inequity and environmental damage. Its inherent flaws have been highlighted by the escalation of ecological problems arising from growth-oriented capitalism and various economic crises, the latest being the Global Financial Crisis and its ongoing fallout.

For several decades people have been grappling with how to retain the material safety and cultural richness of indigenous non-capitalist societies and economies, but also gain the health, wealth, education and life opportunities the modern capitalist world offers. This book brings together examples of attempts to forge locally appropriate versions of modernity; development that suits the aspirations and circumstances of particular groups of people. Authors question how the market economy has been variously negotiated by groups who also have other systems through which they organize their social and economic life. What has worked for these people, what has not, and why? The volume addresses how, as a social and economic system, capitalism has been very effective in generating wealth and technological innovation, but has also been associated with great social inequity and environmental damage. Its inherent flaws have been highlighted by the escalation of ecological problems arising from growth-oriented capitalism and various economic crises, the latest being the Global Financial Crisis and its ongoing fallout.

As the era of thriving, small-scale fishing communities continues to wane across waters that once teamed with (a way of) life, Fiona McCormack opens a window into contemporary fisheries quota systems, laying bare how neoliberalism has entangled itself in our approach to environmental management. Grounded in fieldwork in New Zealand, Iceland, Ireland and Hawaii, McCormack offers up a comparative analysis of the mechanisms driving the transformations unleashed by a new era of ocean grabbing. Exploring the processes of privatisation in ecosystem services, Private Oceans traces how value has been repositioned in the market, away from productive activities. The result? The demise of the small-scale sector, the collapse of fishing communities, cultural loss, and the emergence of a newly propertied class of producers - the armchair fisherman. Ultimately, Private Oceans demonstrates that the deviations from the capitalist norm explored in this book offer grounds for the reimagining of both fisheries economies and broader environmental systems.