Economic Reform
Capitalism 2.0

Michael Townsend and Brad Zarnett ... The Capitalism 2.0 Project: A Better Model Means a Better Life

Burgess COMMENTARY
My LinkedIn comment:

My hope is that the Capitalism 2.0 initiative gets some traction. It might, because the time may be right. After all there is a huge amount of dissatisfaction with the Capitalism that we now have.

I keep asking the obvious. With so much amazing knowledge in science and technology and the ability to have incredible productivity, and with so many more young people educated than at any time in history, why is it that the global economy is in a funk? The answer, of course, is that the modern economy and its system of governance and decision making is just plain dysfunctional.

Clearly there is going to be change. The question is how is the change going to come about and will the change be for the better.

A step forward that will improve the chances of change for the better would be the introduction of way better metrics than there are at the present time. The domination of money profit and stock price metrics in corporate decision making means that the other stakeholders namely people, place and planet get short shrift. This is an increasingly unstable state of affairs, and cannot be sustained much longer.

I hope that Capitalism 2.0 will include value metrics that are meaningful.

Peter Burgess TrueValueMetrics

The Capitalism 2.0 Project

The Capitalism 2.0 Project: A Better Model Means a Better Life

Under the strategic direction of Michael Townsend and Brad Zarnett, Earthshine and TSSS have joined forces to raise awareness of the shift that is already taking place towards a new business model – one that creates wealth, opportunity and satisfaction for the greatest number of people.

We aim to create a more vibrant picture of where we’re headed. We believe that “destination sustainability” needs to better communicate what this future will look like if it hopes to attract the greatest number of people and to ultimately establish a viable alternate economic ecosystem. This effort will culminate with the release of Volume I of a White Paper titled, “Capitalism 2.0: A New System for a Better World”. (Expected Release July 2013)

The best way to predict the future is to create it. – R. Buckminster Fuller

Capitalism 1.0 has created enormous wealth for the world but its flaws can no longer be ignored. As UN Secretary General Ban Ki-moon has said, “We burned our way to prosperity. We believed in consumption without consequences.” This economic system has led to ecosystem degradation and the exploitation of hundreds of millions of people.

The operating system that we’ve come to take for granted as the only system for our global economy is in desperate need of change. And while there is not yet a consensus on what the future “system” should look like, the abundance of articles and stories in mainstream media about the evolution of Capitalism clearly indicates a strong appetite for change. We need not be bound by the conventions of the last 200 years.

What will a sustainable society look like?

The CAP2 Project is designed to provoke thought and rational debate, create awareness of possibilities, join up the dots for what is already happening, and engage you in the process of change. There’s much more work to be done to identify what our economy and society will look like once we’ve arrived.

We look forward to sharing our ideas and learning about your views as we embark on this journey to design a better form of capitalism.

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