Reshaping A Rentiers’ Paradise
Inside The Struggle To Reinvent Capitalism
If you don’t like something, change it. If you can’t change it, change your attitude — Maya Angelou
My original intention was for this article to focus on certified B corporations. However, as I started to string together different dots, I realized there is a larger theme at work in the world today. It is a constant struggle to make or remake capitalism to work for the good of the society. For much of the developed world, a capitalist economic system combined with a democratic political system has been the formula for growth and transformation. Economic freedom fosters democratic institutions which in turn foster higher growth. The reality is that the world is divided into various shades along the capitalist communist spectrum. None of these shades are perfect just as the two extremes i.e. laisez-faire capitalism and absolute state control are not viable. Recently, there has been a resurgence to rectify the broken aspects of capitalism. Such attempts encompass a broad spectrum of developments i.e. B corporations, micro-financing, decentralizing trust through the Blockchain and a proposal to create a Long Term Stock Exchange (LTSE). All of these developments are concerted efforts to curb rent seeking and to include the masses into…
