Equinomy
After Capitalism
Capitalism is wrong, Communism is worse.
What’s left?
Equinomy
A new solution to capitalism is proposed, more efficient, just, free, and sustainable. This solution is called Equinomy and balances powers to counter capitalism in a real market economy.
3 major changes are needed to create this Equinomy:
1. a Significant Basic Income for everyone (based on 50% of a nation’s GDP)
2. a Balance of Power in companies (customers, employees, and shareholders need to be represented in the board)
3. a Real Market Economy (with free competition and free cooperation) to achieve a better efficiency
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Will it work? Yes, like democracy works, with checks and balances. Democracy was just a dream only three centuries ago.
Will we see it soon? Hopefully, because capitalism must change before it is too late, and political revolutions bring us back to even less freedom.
If you want to know more, you can read “Beyond Capitalism, Equinomy”:
(in English)
Or “Destins du Capitalisme, le Quaternaire”
https://www.amazon.fr/Destins-Capitalisme-Quaternaire-Sebastien-Groyer/dp/295630352X
(in French)
Contact me at equinomy@gmail.com
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This 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 economy, 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 appears, combining competition and cooperation in a real market economy.
The third element, a balanced corporate governance, creates a balance of power in companies, going beyond capitalism. A third of the board members represent shareholders, another third represent employees and the last third represent customers. This new board organization and power balance will redefine the goal of companies and of their management, with more balanced objectives brought at the forefront: sustainability, quality, pricing, fairness, compensations, profit and so many other objectives will need to be combined as companies are no longer only a profit play for the shareholders, and the rest later.
Property is finally justified, economic freedom is achieved, and companies are no longer only a shareholder’s tool with Equinomy.