Changing capitalism from within

Great blog entry here on Spiritual Capitalism, and how to change the beast from within to create a sustainable, ethical economy. From the book Spiritual Capitalism By Danah Zohar

Our capitalist culture and the business practices that operate within it are in crisis. Capitalism as we know it today—an amoral culture of short-term self-interest, profit maximization, emphasis on shareholder value, isolationist thinking, and profligate disregard of long-term consequences—is an unsustainable system, a monster set to destroy itself.

The answer to the present crisis being suggested by virtually everyone is more regulation of the markets and of the business practices used within them. But a few extra regulations won’t bring about the change that we need. We’ve tried Keynesian economics and socialism in the past, and we know that both dampen down the creativity and output of the markets. As both George Soros and I have pointed out, our global capitalist system is a self-organizing system poised at the edge of chaos. When such systems are exposed to outside control, they seize up.

No, to change capitalism in a way that sustains the freedom and creativity of the markets, capitalism must change itself, from the inside. This kind of change will require a radically new leadership ethic, one driven by a new set of motivations and a broader understanding of wealth.

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About stevewilliams1901

Social entrepreneur based in Australia.
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