Capitalism "S"
Capitalism “S” is the evolution of the current form of Capitalism. It is an economic system based on the sharing of profits between all stakeholders of an organization for their lifetime. Stakeholders are anyone in the universe who confirm their membership in the organization annually. Characteristics central to Capitalism “S” are:
- The “S” stands for the sharing economy
- There are no stockholders who expect a return on or a return of capital
- Contributors receive profit shares in lieu of cash for their contribution to the organization
- Profit shares accumulate for a member’s lifetime
- Profit shares cannot be sold, gifted or willed
- Profits are paid out annually based on member contributions
In a big data world, a traditional capitalistic organization starts in the cloud and expands its business by raising capital to pay for services. In that instance, the stakeholders and bankers can become wealthy. This results in an increased income inequality gap not because lower-income people are making less, but the initial stakeholders earn so much more.
The member experience is outstanding with big data capitalism which leads to exponential growth and an ever-increasing income inequality gap. Quantum computing and artificial intelligence result in even better member experience.
Society will step in and force the data barons to give their wealth to charity upon death or raise their taxes. This will lead to talk of a minimum sustainable income.
A Capitalism “S” organization is started in the cloud and reaches exponential growth with cognitive surplus of stakeholders who currently work for the traditional capitalistic organization. A Capitalism “S” organization has no barrier to entry like a share of stock. Crowdfunding and sweat equity is a source of needed funds in exchange for profit shares.
A Capitalism “S” organization should have a vision for its stakeholders like:
- Democratize organization profits
- Request that stakeholders anonymously give 10% of the annual profit share payments to those around them in need
- Encourage stakeholders to also give 10% of their other income to those around them in need
References
External links
- Clay Shirky looks at "cognitive surplus"
- dorothy.com (The first implementation of Capitalism "S" with real property)
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