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Q.
What would Capitalism 2.0 look like?
A.
The greatest strength of capitalism is its unparalleled capacity for economic expansion.I’m guessing Capitalism 2.0 will embrace the following:
1. Money and Meaning
2. An Increased Shift to Services.
3. Long Term Focus
4. Valuing Consciousness
5. Evolving Notions of Ownership and
6. Reinvention of Production
A.
Capitalism 2.0 will have low inflation and affordable goods and services. So the greed mentality of higher acquisition will not be there with both the general public and industrialists. The difference in consumption levels between the rich and the poor will be marginal for day-to-day things. At this stage, capitalism will be more practised and less criticised. Unemployment levels will also be low as cost of manpower would be low. Anyone competing would be competing for growth and not just for survival.
A.
Capitalism 1.0, 2.0, X.0 what about the human greed factor. The underlying similarities between all versions of Capitalism would be corruption. Manipulation to satisfy greed. It is always at the cost of innocent tax payers money misutilised to satisfy greed of few in power. The human conscience to do always good without thinking of personal gains is an uncalled prayers. Someone would benefit while someone would lose.
A.
In my views, there is no need to talk about Capitalism 2.0. Two reasons. India doesn't even have capitalism so why talk of 'improvements' to something that doesn't exist? Second there is only one Capitalism: related to freedom that is subject to accountability. And there can only be one freedom. Not Freedom 2.0.
Please consider reading my book, 'Breaking Free of Nehru' and manuscript, 'The Discovery of Freedom'.
Regards
Sanjeev Sabhlok
http://sanjeev.sabhlokcity.com/
A.
No Central Bank. Market determined rates. Less Governemnt. Rules of the game that are enforced. Sound money - no deficits, no inflation; no paper money - e-money provides a transparent alternative. No national secrecy. Small or non-existent military. Extremely low taxes for all. A strong carbon offset. The rules of the game should be aimed at developing sustainable communities, not mega structures.
A.
Capitalism 2.0 would be a hybrid with the state taking greater ownership, Corprates being more accountable..a kind of a hybrid between the socialist and capitalist ideologies experienced by the world so far.
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