Fates of Capitalism, the Equinomy of the Quatenary is a book aiming to transform capitalism (while avoiding a U-turn to socialism or communism). The next phase after capitalism, around the next technology revolution of robotics could be an equinomy. The goal of equinomy goal is to prevent abuses of power from capitalism, correcting many current mistakes, both against the environment, societies, individuals and event the economy as a whole.
The solution to capitalism presented here is a great step forward toward more freedom and balance, more ecology and justice, toward an equitable market economy in equilibrium (hence the name Equinomy).
Fates of Capitalism stems from two distinct origins : a real world experience as a Venture Capitalist, investing in start-ups since 2002 and a thesis in philosophy (on Capitalism and Market Economy at La Sorbonne, Paris, 2015) . It concludes 15 years of work both in theory and in practice, a unique combination explaining the novelty of these ideas.
40 years ago, capitalism fell ill and never recovered : its condition worsens since. Capitalism today faces a decisive choice, linked to the next technology revolution, robotics. Two opposite fates arise : one would see its cure, the other the prolongation of the illness. This second darker destiny is sadly the most probable nowadays : a rush ahead toward even more inequalities and imbalance, bringing us closer to a catastrophic ecologic, social and economic crisis. Still, hope remains. It is still time to decide the fate of capitalism.
After political freedom, economical freedom is born from the cure of capitalism. In a properly organized quaternary sector, robots will even help us give birth to this new freedom. Freedom is not capitalism, freedom is beyond capitalism.
Fates of Capitalism solves the main problems of capitalism :
- Destruction of the environnement : the end of the domination of profit and consumerism over the environnement (in companies through a new compensation scheme for CEOs, toward an ecology based remuneration)
- Injustice : through a fair distribution of productivity gains (especially regarding the robotics revolution) and the end of arbitrary property, thanks to a significant basic income correlated to production (50% of GDP before taxes), named FBI (Fair Basic Income)
- Abuse of power : through a balanced corporate governance between customers, shareholders and employees and through the economic liberation of individuals thanks to the FBI (Fair Basic Income)
This book also corrects the errors of existing financial markets through a new market economy theory and offers a new picture of human activity, filled with creativity, emotions and peace. Human fulfillment is not that far away.