The EPSI has a unique focus on accelerating an intentional transition to a new economic system or political order

01.

The need for system change

Calls to change the entire economic system or political order are becoming a standard feature of progressive policy and research.Historian Quinn Slobodian has written: "post-neoliberalism is the new centrism".For example, in 2024, high-profile academics met in Berlin and published the Berlin Summit Declaration, saying: “'What is needed is a new political consensus addressing the deep drivers of people’s distrust instead of merely focusing on the symptoms...”That declaration has since been signed by over 500 researchers and campaigners.For a compilation of recent calls and statements see here:

02.

Why a new economic system is needed

Systemic challenges like climate breakdown and inequality require a systemic approach.As Mariana Mazzucatto recently summarised:This isn’t just about tweaking policies at the margins—it’s about redesigning the economic system itself so that achieving shared prosperity and planetary health becomes the norm, not the exception.

03.

Lack of a coordinated effort

Despite a new system being a widely shared goal, hundreds of initiatives are not adding up to a common strategy.As the EPSI landscape report shows, so far approaches to system change are either from specific policy angles or from a national or local perspective.At this pace, 10 years from now there’ll be even more urgent calls for a better system, but still no actual alternative.

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