6. The Future of Capitalism
Four Directions, Four Choices
7. The Future of Capitalism
Capitalism 4.0
2.0 3.0
1.0 ????
Capitallsm 4.0, Kaletsky
8. The Future of Capitalism
Definitions
an economic system characterized by private or
corporate ownership of capital goods, by investments
that are determined by private decision, and by prices,
production, and the distribution of goods that are
an economic system that includes private
determined mainly by competition in a free market
ownership of the means of production, creation
of goods or services for profit or income, the
accumulation of capital, competitive markets, economic system based on a free market,
voluntary exchange, and wage labor open competition, profit motive and private
ownership of the means of production.
Capitalism encourages private investment and
Capitalism is based on self-interest and self- business, compared to a government-
esteem; it holds integrity and trustworthiness controlled economy. Investors in these private
as cardinal virtues and makes them pay off companies (i.e. shareholders) also own the
in the marketplace, thus demanding that firms and are known as capitalists.
men survive by means of virtue, not vices
capitalism as a system that organizes
A social system based on the recognition of production for a distant market; where
individual rights, including property rights, in acts of production and retail sale are
which all property is privately owned. separated in time and space through the
intervention of a wholesale merchant.
The socio-economic system where social relations
are based on commodities for exchange, in
particular private ownership of the means of
production and on the exploitation of wage labour.
from Merriam Webster, Wikipedia, Investopedia, Alan Greenspan, Ann Rynd
9. The Future of Capitalism
Definitions an economic system characterized by
private or corporate ownership of
capital goods, by investments that are determined by
an economic system that includes private decision, and by prices, production, and the
distribution of goods that are determined mainly by
private ownership of the means of
production, creation of goods or services for competition in a free market
profit or income, the accumulation of capital,
competitive markets, voluntary exchange,
economic system based on a free market,
and wage labor open competition, profit motive and private
ownership of the means of production.
Capitalism is based on self-interest and self- Capitalism encourages private investment and
esteem; it holds integrity and trustworthiness business, compared to a government-
as cardinal virtues and makes them pay off in
the marketplace, thus demanding
controlled economy. Investors in these private
companies (i.e. shareholders) also own the firms and
that men survive by means of virtue, not are known as capitalists.
vices
capitalism as a system that organizes
A social system based on the production for a distant market; where
recognition of individual rights, including property acts of production and retail sale are
rights, in which all property is privately owned. separated in time and space through the
intervention of a wholesale merchant.
The socio-economic system where
social relations are based on commodities for
exchange, in particular private
ownership of the means of production and
on the exploitation of wage labour.
from Merriam Webster, Wikipedia, Investopedia, Alan Greenspan,
10. The Future of Capitalism
an economic system characterized by
private or corporate ownership of
People
capital goods, by investments that are determined by
an economic system that includes private decision, and by prices, production, and the
distribution of goods that are determined mainly by
private ownership of the means of
production, creation of goods or services for competition in a free market
profit or income, the accumulation of capital,
competitive markets, voluntary exchange,
economic system based on a free market,
and wage labor open competition, profit motive and private
ownership of the means of production.
Capitalism is based on self-interest and self- Capitalism encourages private investment and
esteem; it holds integrity and trustworthiness business, compared to a government-
as cardinal virtues and makes them pay off in
the marketplace, thus demanding
controlled economy. Investors in these private
Exchange Value
companies (i.e. shareholders) also own the firms and
that men survive by means of virtue, not are known as capitalists.
vices
capitalism as a system that organizes
A social system based on the production for a distant market; where
recognition of individual rights, including property acts of production and retail sale are
rights, in which all property is privately owned. separated in time and space through the
intervention of a wholesale merchant.
The socio-economic system where
social relations are based on commodities for
exchange, in particular private
ownership of the means of production and
on the exploitation of wage labour.
11. The Future of Capitalism
People and Exchange
Group vs. Individual
Monetary vs. Life Value
12. The Future of Capitalism
Group Intervention
Unbridled vs. Controlled Capitalism
Low GI means greater free market
principles
High GI means more cohesive government
control over production/policies
13. The Future of Capitalism
Exchange
Monetary value vs. Life value
Low MT means changes to money as only life
blood of economy
High MT means money and credit valuation
stays as world currency
14. High
Planetary Controlled
Group Intervention
Capitalism Capitalism
Personal Unbridled
Capitalism Capitalism
Low
High
Life Exchange Monetary
15. The Future of Capitalism
Controlled Capitalism
Social Market Systems
Central Banking Power
Monetary/Economic Unionization
“Big Brother Capital”
16. The Future of Capitalism
Unbridled Capitalism
Corporate Pursuits
Global Power Players
Micro Marketplace
“Buy ‘n Large World”
17. The Future of Capitalism
Personal Capitalism
Local Exchange Transfer Systems
Alternative Currencies
Neo Barter
“Individual Exchange”
18. The Future of Capitalism
Planetary Capitalism
Resource-Based Economics
A World Without Money
Utopia Revisited
“Individual Exchange”
Sources: Venus Project
19. High
Government Intervention
Planetary Controlled
Capitalism Capitalism
Personal Unbridled
Capitalism Capitalism
Low
High
Life Exchange Monetary
20. High
Planetary Capitalism Controlled Capitalism
Equal global share Quicker decisions
Government Intervention
Sustainability for planet Technocratic ideals
Resource equality Resource gains supreme
Potentials
Personal Capitalism Unbridled Capitalism
Whole “person” concept Individual/Corporate
pursuit
Creating personal value
system Free market gains to
public
Individual pursuit
attainable Historic gains
Low
Low High
Life Transactions Monetary
21. High
Planetary Capitalism Controlled Capitalism
One world system More govt control
Government Intervention
Resource system tainted Power in hands of few
Value change not liked Trust in govt
Issues
Personal Capitalism Unbridled Capitalism
Collaborations lead to Not everyone can win
difference in value Must know technology
Will everyone share? Power mistrust
Low
Low High
Life Transactions Monetary
