Participative Capitalism – The New Economics For the 21st Century

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Part 1 of a 5 Part Series Introducing the Concept of Participative Capitalism

There is a solution to the current economic meltdown and I have termed it Participative Capitalism. Capitalism is not dead or even dying. In reality it has not even got going: it’s in its infancy and has simply been hijacked by those captains of industry who are masters of the competitive plane. Wallace D. Wattles predicted this crises way back in 1910; he also predicted the solution in rather broad terms. I have taken up his prediction and filled out this solution and termed it: Participative Capitalism.

Wattles hints at a solution in a single sentence and I see it very much the same way and would like to open up a conversation on the subject; but it requires you to have read The Science of Generating Wealth a free download available on my website. I believe it is also essential that you have read Power versus Force by David R. Hawkins. And in due course it will be important to have read two books by Ricardo Semler: Maverick and The 7 Day Weekend – preferably at least the latter.

OPENING TO NEW POSSIBILITIES

But reading these books just once may not be sufficient. You may need to read them through at least 3 or 4 times while opening yourself up to that which “you don’t know that you don’t know”. New possibilities do not exist in the realm of what we know; they only exist in the realm of “what we don’t know that we don’t know”. But how to get into that realm you may ask? All four of these books operate outside of our social conditioning, the very force I believe that is involved in the causes of the current economic meltdown. Read these books with an open mind and you will take your first steps into the world of new possibilities.

THE ADVANCING PERSON

Participative Capitalism encourages entrepreneurship and individual achievement while also uplifting all those with which it comes into contact. It operates within and upholds the 25 Laws of Wealth Creation (read: Awakening to Wealth – The 25 Laws of Wealth Generation by Rod Finnie) and underlines the principle of the advancing person by giving increase of life to all with whom it interacts. Participative Capitalism is a solution for the man in the street and will work for each individual whether the world is in turmoil or whether it isn’t.

THE END OF AN ERA

The current economic crisis is not simply an economic downturn; it is the end of a particular economic system based on selfishness and greed. But we must be very careful not to link this to Capitalism and say that Capitalism is rotten and that it must be replaced. In my opinion this is a shallow view that overlooks a number of important distinctions. The following story which was told to me is informative.

An economics professor at a local college made a statement that until now he had never failed a single student, but now he had failed an entire class. That class had insisted that socialism worked and that under that economic system no one would be poor and no one would be rich, that socialism was a great equalizer.

A WORLD OF AVERAGES

The professor then said, “OK, let’s run an experiment in this class whereby we introduce a socialist approach to administration of grades”.

The professor said that in future all grades would be averaged and everyone would receive the same grade; so that no one would fail while someone else was being rewarded with an A grade.

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset, but the students who had studied less or even very little were happy. As the second test rolled around, the students who had done little study studied even less and the ones who studied hard decided they wanted a free ride too so they also studied less.

LOWERING EXPECTATIONS

The second test average was a D! Now no one was happy. There was concern that life was not as good as they had hoped it would be. When the 3rd test rolled around, the average was an F. So did the students apply themselves and get down to work? Apparently not!

The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great but when a big brother takes all the rewards away, no one will try or want to succeed.

LEVELS OF CONSCIOUSNESS

The question is not about the difference between the poor and the rich and that we need a system to rescue the poor. The poor are quite capable of rescuing themselves when they find out how to do this. The question is not that Capitalism has failed and that the answer is to be found at the opposite end of the spectrum. The question has to do with human nature and its misuse of force as opposed to power in its desire to create wealth. The problem as I see it is not with Capitalism or Socialism; the problem is with the level of consciousness of human nature. We are preoccupied with winning to the detriment of all others who we engage with. We do not have as our priority the desire to advance all those who we engage with by targeting a win-win scenario as the only possible outcome.

SCIENCE OF GENERATING WEALTH

The Science of Generating Wealth, originally entitled “The Science of Getting Rich”, in my opinion is one of the most important books of our time. Wattles clearly foresees the impending crash of the current economic system and predicts the system that will replace it; but points out that the world is not going to the dogs as many are claiming, but that the world is in state of becoming. And I agree. We are now in that phase whereby the economic system based on competition has shot itself in the foot and is being replaced by a creative economic system that rewards the advancing person who brings life and wealth to all those stakeholders with which he or she is engaged. But we are only in the very early stages.

Wattles insists that if you follow his guidelines exactly and follow “the certain way” of doing things that you will generate wealth for yourself and will assist those around you to do likewise no matter what is happening around you.

Continued in Part 2 – The World is in a Process of New Becoming

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Source by Rod Finnie