Financialization: Difference between revisions
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https://en.wikipedia.org/wiki/Financialization | =OSE Case= | ||
OSE promotes distributed, collaborative, open source production as a solution to wealth inequality and general political discontent of 2020. | |||
As productive jobs shifted from America to China - and in general from developed countries to less 'developed' economies - finance capital was part of the issue. | |||
Who controls the economy? Those who fund it. Who funds it? Banks and venture capitalists in general, with a small upsurge of crowd funding in the 21st century. | |||
OSE is working on creating financing mechanisms that leverage the public interest, as opposed to further concentration of power in finance capitalists. Wall Street controls the world. But because it is removed, physically and mentally - from the effects that it creates - the feedback loops are weak and structural evil is a generic result as society races to the bottom. | |||
A strong case can be made for funding mechanisms where the stakeholder is the producer, not the finance capitalist. Unfortunately, the current funding mechanisms based on finance capital - do just the opposite: producers get a tiny slice, and finance capitalists gain the most. Generally speaking, those ratios are 80% of the wealth goes to the capitalist, and 20% to the worker or producer. That is an important part of how Trump supporters are filled with a sense of injustice. | |||
OSE's proposed solution is distributed production, where collaboration displaces finance capital. Collaborative open source means drastically reduced cost of product development - think of it as cost-share among the beneficiaries. Strong finance capital is not required - but instead - the work and development of designers, producers, and all other supporting parties. | |||
The trouble with finance capital is the lack of feedback loops. Schumacher has already explained that beyond a certain scale of operation, societal structures break down. Finance capital does not heed this lesson, and makes money at the expense of people and nature. Thus, the financialization of the world needs to be looked at carefully, and an alternative must be created - which allows meaningful enterprise to be fully funded. The solution is not cooperatives, which are mostly proprietary - such as [[Mondragon]]. Only open, collaborative entities can solve the wealth distribution issue at the core, while leaving nobody behind. | |||
=Links= | |||
*Wikipedia - [https://en.wikipedia.org/wiki/Financialization] | |||
Revision as of 20:02, 5 September 2020
OSE Case
OSE promotes distributed, collaborative, open source production as a solution to wealth inequality and general political discontent of 2020.
As productive jobs shifted from America to China - and in general from developed countries to less 'developed' economies - finance capital was part of the issue.
Who controls the economy? Those who fund it. Who funds it? Banks and venture capitalists in general, with a small upsurge of crowd funding in the 21st century.
OSE is working on creating financing mechanisms that leverage the public interest, as opposed to further concentration of power in finance capitalists. Wall Street controls the world. But because it is removed, physically and mentally - from the effects that it creates - the feedback loops are weak and structural evil is a generic result as society races to the bottom.
A strong case can be made for funding mechanisms where the stakeholder is the producer, not the finance capitalist. Unfortunately, the current funding mechanisms based on finance capital - do just the opposite: producers get a tiny slice, and finance capitalists gain the most. Generally speaking, those ratios are 80% of the wealth goes to the capitalist, and 20% to the worker or producer. That is an important part of how Trump supporters are filled with a sense of injustice.
OSE's proposed solution is distributed production, where collaboration displaces finance capital. Collaborative open source means drastically reduced cost of product development - think of it as cost-share among the beneficiaries. Strong finance capital is not required - but instead - the work and development of designers, producers, and all other supporting parties.
The trouble with finance capital is the lack of feedback loops. Schumacher has already explained that beyond a certain scale of operation, societal structures break down. Finance capital does not heed this lesson, and makes money at the expense of people and nature. Thus, the financialization of the world needs to be looked at carefully, and an alternative must be created - which allows meaningful enterprise to be fully funded. The solution is not cooperatives, which are mostly proprietary - such as Mondragon. Only open, collaborative entities can solve the wealth distribution issue at the core, while leaving nobody behind.
Links
- Wikipedia - [1]