Conscious Capitalism (CC) is cute, like good behavior during a soccer match is. But Renewable Economics™ is a much higher normalization of economics that is not optional. Taking sports as the analogy establishes the rules of soccer for everyone – before the game is played.
I applaud the do right attitude of “Conscious Capitalism,” but just like in soccer, where good players are generally the norm, the bad players who choose or were given the opportunity to opt-out of the rules set before them endanger the game for all others. Wall Street (and finance in general) operates in gross violation of freedom’s most rudimentary principles. Not surprisingly because we have never bothered to tell Wall Street what those principles are. Akin to a soccer tournament in which no player understands, nor has been described the rules of the game ahead of time.
Without rules, only selfish interests prevail. Wall Street has been allowed to get away with establishing oligarchic controls that harm the long-term outlook of the companies they partake in. Wall Street will not voluntarily hand over those controls because of a movement; it must be told to do so under economic principles everyone(!) in society must abide by.
So, in summary, here is why CC will not work:
– Wall Street will not relinquish its oligarchic controls and short-term agenda voluntarily at the behest of a movement.
– CC does not change the implementation of freedom and will merely lead to shifting oligarchic controls.
– CC does not create compliance with freedom, and thus renewability of businesses will remain in jeopardy.
– CC only focuses on addressing business etiquettes, not on the public sector fallacies equally in violation of freedom.
– CC is a downstream optimization of voluntary businesses etiquettes rather than an upstream reinvention of economics for everyone.
The challenge of a new system is not to convince reasonable people to do better but to discourage and weed out people who misbehave in the context of evolution. Renewable Economics™ is not a movement; it is implementing a system of freedom (relativity of freedom) we should have implemented 200 years ago and never did.
As a society, we have implemented absolutism of freedom, an unbridled free-for-all, without paradoxical rules to protect collective freedom, which yields quite the opposite. And without real freedom, we will not find all the outliers needed to maximize humanity’s renewable evolution.
