Equinomy
After Capitalism
Capitalism is wrong, Communism is worse.
What’s left? Equinomy
A new
solution to capitalism is proposed here. A more efficient, just, free, and
sustainable economic system exists, an Equinomy
balancing powers to counter capitalism in the market economy.
Equinomy is a more equitable,
ecological, efficient post-capitalist market economy.
3 changes are needed to create a better economic
system:
1.
a Significant Basic Income for Everyone (at 50% of GDP)
2.
a Balance of Power in Companies (between customers, employees, and shareholders
in the Boardroom)
3.
a Positive Market Economy (with competition and cooperation) to achieve
a better efficiency
Will
it work? Yes, like democracy (with checks and balances) works, even if it was a
dream only three centuries ago.
Will
we see it this century? Hopefully, because capitalism must change.
https://www.amazon.fr/Destins-Capitalisme-Quaternaire-Sebastien-Groyer/dp/295630352X
(in
French)
Write
me at equinomy@gmail.com
Below is a
short summary of the main ideas behind Equinomy:
The
first and most important step is to define clearly capitalism and the market
economy to never mistake one for the other (and mostly capitalism for the
market economy). A market economy is a macroeconomic system based on freedom of
people, prices and enterprise. Free competition and free cooperation exist in a
market economy and are the source of its efficacy. This is not capitalism, even
if capitalism has been defended for a very long time with the (many) qualities
of the market economy. It is now time to stop this confusion and create a
post-capitalist free market economy.
Capitalism
represents the power of shareholders over other economic agents, at the service
of the shareholder’s personal interest of always increasing profits in
companies. Capitalist companies look for always increasing power, abusing in
the goal of maximizing profit over other possible objectives of companies.
Another more balanced corporate governance is needed, with employee and
customer board members to achieve a better balance of powers (like the liberal
and democratic state). Hence, we now live in a capitalist market economy (since
most companies are today capitalist), and we need to move to a post-capitalist
market economy, an Equinomy.
Three
synergistic elements compose this Equinomy. The first element is a basic (or
minimum) income which resolves the fundamental problem of a just property (the
basis of any rational economic system) while providing a minimum economic
freedom to everyone so they can freely pursue their research for happiness
(think of it as the economic equivalent of the political Human Rights giving
freedom to everyone).
The
second element is a better balance between competition and cooperation in the
market economy, instead of pure competition. It transforms the idea of what
really is an efficient market , limiting abuses like financial speculation
while allowing a better cooperation. It stops the idea that power disappears in
crowds, while staying away from the problems of monopolies and oligopolies. A
balance of power on the market appears, combining competition and cooperation
The
third element, a balanced corporate governance, creates a balance of power in
companies, going beyond capitalism. A third of shareholders’ board members, a
third of employee board members and a third of customer board member will
redefine the goal of companies and of management, putting a more balanced
objective at the forefront: sustainability, quality, pricing, fairness,
compensations, profit and so many other objectives will need to be combined as
the company is no longer only a profit play for the shareholders, and the rest
later.
Property
is hence justified, freedom is achieved, and companies are no longer tools for
shareholders with Equinomy.