Humanistic Capitalism

But when did we lose the plot? When did capitalism replace the business, company or corporation? A business — the original act of being busy — is perhaps a clue. Or perhaps the word company lends us a hand in our quest. And what of the corporation? What say you, a word with negative connotations in this the 21st century of uncertainty?

Our purpose has ever so swiftly shifted to the accumulation of share; the holder of share, you might say. We ought to — we must — harken back to a time of the business, the company and the corporation as they are defined for us today and relinquish the magnetic draw that is capitalism and by extension shareholder value. We are all to blame though. Capitalism is the ugly, older step-sister to the triplets known as materialism, consumerism and individualism. JEP Foundation [4] promotes the philosophies of Humanistic Capitalism to create a kinder, gentler economic approach.

Humanistic capitalism

The principles of Just Enough Profit JEP are used by companies to define what they stand for, how they treat their customers and employees, and how they serve humanity. In Willis Harman's seminal paper "Humanistic Capitalism: Ira Rohter, a professor in the Political Science Department at the University of Hawaii , promoted Humanistic Capitalism as a way to restore power to the people of Hawaii and their environment. He advocated that all growth be sustainable , self-reliant , and not only focused on profit, but the needs of people.

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Outline List of secular humanists. JEP Foundation [4] promotes the philosophies of Humanistic Capitalism to create a kinder, gentler economic approach. The principles of Just Enough Profit JEP are used by companies to define what they stand for, how they treat their customers and employees, and how they serve humanity. In Willis Harman's seminal paper "Humanistic Capitalism: Ira Rohter, a professor in the Political Science Department at the University of Hawaii , promoted Humanistic Capitalism as a way to restore power to the people of Hawaii and their environment.

He advocated that all growth be sustainable , self-reliant , and not only focused on profit, but the needs of people. Humanistic capitalism is a concept that seeks to marry humanism, specifically the safety and health needs of people and the environment, with an embrace of market forces and a market-based economy.

Criticism of capitalism ranges from expressing disagreement with the principles of capitalism in its entirety to expressing disagreement with particular outcomes of capitalism. Criticism of capitalism comes from various political and philosophical approaches, including anarchist, socialist, religious and nationalist viewpoints. Some believe that capitalism can only be overcome through revolution, and some believe that structural change can come slowly through political reforms. Some critics believe there are merits in capitalism and wish to balance it with some form of social control, typically through government regulation e.

Prominent among critiques of capitalism are accusations that capitalism is inherently exploitative, that it is unsustainable, that it creates economic inequality, that it is anti-democratic and leads to an erosion of human rights and that it incentivizes imperialist expansion and war. Issues "Capitalism is the astounding belief that the most wickede Welfare capitalism is capitalism that includes social welfare policies. Welfare capitalism in this second sense, or industrial paternalism, was centered on industries that employed skilled labor and peaked in the midth century.

Today, welfare capitalism is most often associated with the models of capitalism found in Central Mainland and Northern Europe, such as the Nordic model, social market economy and Rhine capitalism. In some cases welfare capitalism exists within a mixed economy, but welfare states can and do exist independently of policies common to mixed economies such as state interventionism and extensive regulation. The term regulatory capitalism suggests that the operation maintenance and development of the global political economy increasingly depends on administrative rules outside the legislatures and the courts.

The general trend despite and beyond the process of liberalization is that of growth rather than decline of regulation. Deregulation may represent trends in some industries notably finance , but more regulation is the general trend beyond that characterize modern and post-modern capitalism alike. The concept of regulatory capitalism serves as an alternative to concepts like financial capitalism, welfare capitalism, casino capitalism, developmental capitalism, risk capitalism, state capitalism and crony capitalism in an attempt to shed more light on capitalism as a polymorphous order.

See also Regulated market Regulatory capture Regulatory state Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. These include laissez-faire or free market capitalism, welfare capitalism and state capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership,[8] obstacles to free competition and state-sanctioned soc When the eager mercantilist minister asked how the French state could be of service to the merchants and help promote their commerce, Le Gendre replied simply "laissez-nous faire" "leave it to us" or "let us do [it]", the French verb not having to take an object.

Crony capitalism is an economy in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class. This is done using state power to crush genuine competition in handing out permits, government grants, special tax breaks, or other forms of state intervention[1][2] over resources where the state exercises monopolist control over public goods, for example, mining concessions for primary commodities or contracts for public works.

Money is then made not merely by making a profit in the market, but through profiteering by "rent seeking" using this monopoly or oligopoly. Entrepreneurship and innovative practices, which seek to reward risk are stifled, since the value-added is little by crony businesses as hardly anything of significant value is created by them, with transactions taking the form of "trading". Crony capitalism spills over into the government, the politics and the media,[3] when this nexus distorts the economy an Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business.

The people who create these businesses are called entrepreneurs.

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In this usage, an Entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technology into new products: Look up businessperson in Wiktionary, the free dictionary. A businessperson also businessman or businesswoman is a person involved in the business sector — in particular someone undertaking activities commercial or industrial for the purpose of generating cash flow, sales, and revenue utilizing a combination of human, financial, intellectual and physical capital with a view to fuelling economic development and growth.

The term "businessperson" may refer to a founder, owner, or majority shareholder of a commercial enterprise; or it can characterize a high-level executive who does the everyday running and management of a company even if that executive is not the owner. Traders Since a "businessman" can mean anyone in industry or commerce,[3] businessmen have exi Neo-capitalism is an economic ideology which blends some elements of capitalism with other systems. Social and economic ideology that arose in the second half of the 20th century and in which the capitalist doctrine becomes deeper, being based on the technological revolution and on the internationalization of the markets.

It is a term used to designate a new form of capitalism that is characterized for correcting its excesses by means of the application of measures that guard over the social well-being. The important aspects include a great economic freedom, attaching the private property of the industries and companies, moderated with a centralized economic planning, which can include that the state is an owner of some means of production. It tries to support a balance between the economic growth, lower inflation, low levels of unemployment, good conditions of work, social assistance and good public services, across Democratic capitalism, also known as capitalist democracy, is a political, economic and social ideology that involves the combination of a democratic political system with a capitalist economic system.

It is based on a tripartite arrangement of a private sector-driven market economy based predominantly on a democratic policy, economic incentives through free markets, fiscal responsibility and a liberal moral-cultural system which encourages pluralism. It stands in contrast to corporatism by limiting the influence of special interest groups, including corporate lobbyists, on politics. It is argued that the coexistence of modern capitalism and democracy was the result of the creation of the modern welfare state in the post-war period, which enabled a relatively stable political atmosphere and widespread support for capitalism.

This period of history is often referred to as th Business is the activity of making one's living or making money by producing or buying and selling products such as goods and services. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.

1. Can Humanism Replace Capitalism?.
2. Historica Erotica Volume 20!
3. .
4. La Spada della verità vol. 3 (Fanucci Narrativa) (Italian Edition).
5. Guardami (Italian Edition).
6. ATOM (German Edition).

If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.

Humanistic capitalism | Human Development | The Encyclopedia of World Problems

The term is also often used colloquially but not by lawyers or by public officials to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. Post-capitalism includes a number of proposals for a new economic system to replace capitalism, examine more advanced forms, or otherwise speculate on the fate of the current form of the social order.

According to some classical Marxist and some social evolutionary theories, post-capitalist societies may come about as a result of spontaneous evolution as capitalism becomes obsolete. Others propose models to intentionally replace capitalism. The most notable among them are socialism and anarchism.

Transition forces In , Peter Drucker outlined a possible evolution of capitalistic society in his book Post-Capitalist Society. The classes of a fully post-capitalist society are expected to be divided into knowledge workers or service workers, in contrast to the capitalists and proletarians of a capitalist society. In the book, Drucker estimated the transformation to post-capitalism would be completed in — Pens are physical goods, while barbering is an intangible service. Goods are items that are tangible, such as pens, salt, apples, and hats.

Services are activities provided by other people, who include doctors, lawn care workers, dentists, barbers, waiters, or online servers. Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade. According to economic theory, consumption of goods and services is assumed to provide utility satisfaction to the consumer or end-user, although businesses also consume goods and services in the course of producing other goods and services. History Physiocratic economists categorized production into productive labour and unproductive labour.

Adam Smith expanded this thought by arguing that any economic activities directly related on material products goods were productive, and those activities which involved non-material production services were unproductive. This emphasis on material produc Copyright is a legal right, existing in many countries, that grants the creator of an original work exclusive rights to determine whether, and under what conditions, this original work may be used by others.

Copyright is one of two types of intellectual property rights, the other is industrial property rights. A major limitation on copyright on ideas is that copyright protects only the original expression of ideas, and not the underlying ideas themselves. Some, but not all jurisdictions require "fixing" copyrighted works in a tangible form. It is often shared among multiple authors, each of whom holds a set of rights to use or license the work, and who are commonly referred to as rights holders.

The Brunello Cucinelli’s humanistic capitalism

A year evolution of modern financial capitalism Courtyard of the Amsterdam Stock Exchange or Beurs van Hendrick de Keyser in Dutch , a powerhouse of Dutch capitalism in the s. The birth of the world's first formally listed public company the Dutch East India Company and first formal stock exchange the Amsterdam Stock Exchange , in the 17th-century Dutch Republic, helped usher in a new era of finance capitalism. Finance capitalism or financial capitalism is the subordination of processes of production to the accumulation of money profits in a financial system.

A billionaire, in countries that use the short scale number naming system, is a person with a net worth of at least one billion 1,,,, i. Additionally, a centibillionaire or centi-billionaire is commonly used to reference a billionaire worth one hundred billion dollars ,,, Rockefeller became the world's first confirmed U. An electronics store in a shopping mall in Jakarta Consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts. With the industrial revolution, but particularly in the 20th century, mass production led to an economic crisis: Both are related to the display of status and not to functionality or usefulness.

The price P of a product is determined by a balance between production at each price supply S and the desires of those with purchasing power at each price demand D. The diagram shows a positive shift in demand from D to D, resulting in an increase in price P and quantity sold Q of the product. In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a competitive market, the unit price for a particular good, or other traded item such as labor or liquid financial assets, will vary until it settles at a point where the quantity demanded at the current price will equal the quantity supplied at the current price , resulting in an economic equilibrium for price and quantity transacted.

Graphical representations Although it is normal to regard the quantity demanded and the quantity supplied as functions of the price of the goods, the standard graphical representation, usually attributed to Alfred Marshall, has price on Marx argued that the devaluation of wealth during capitalism's periodic financial crises was an inevitable outcome of the processes of wealth creation. According to Schumpeter, the "gale of creative destruction" describes the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one".

The culture of capitalism or capitalist culture is the set of social practices, social norms, values and patterns of behavior that are attributed to the capitalist economic system in a capitalist society. Capitalist culture promotes the accumulation of capital and the sale of commodities, where individuals are primarily defined by their relationship to business and the market. The culture is composed of people who, behaving according to a set of learned rules, act as they must act in order to survive in capitalist societies.

Capitalist culture and ideology While certain political ideologies, such as neoliberalism, assume and promote the view that the behavior that capitalism fosters in individuals is natural to humans,[2][3] anthropologists like Richard Robbins point out that there is nothing natural about this behavior - people are not naturally dispossessed to accumulate wealth A market economy is an economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.

The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production. State-directed or dirigist economies are those where the state plays a directive role in guiding the overall development of the market through industrial policies or indicative planning—which guides but does not substitute the market for economic planning—a form sometimes referred to as a mixed economy. A sample picture of a fictional ATM card. The largest part of the world's money exists only as accounting numbers which are transferred between financial computers.

Various plastic cards and other devices give individual consumers the power to electronically transfer such money to and from their bank accounts, without the use of currency. Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Privatization also spelled privatisation can mean different things including moving something from the public sector into the private sector.

It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatized; in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, and prison management.

In the case of a for-profit company, the shares are then no longer traded at a stock exchange, as the company became private through private equity; in the case the partial or full sale of a state-owned enterp State capitalism is an economic system in which the state undertakes commercial i.

Corporate capitalism is a term used in social science and economics to describe a capitalist marketplace characterized by the dominance of hierarchical and bureaucratic corporations. Overview A large proportion of the economy of the United States and its labour market falls within corporate control. Those businesses which are not corporations contain the same bureaucratic structure of corporations, but there is usually a sole owner or group of owners who are liable to bankruptcy and criminal charges relating to their business.

Corporations have limited liability and remain less regulated and accountable than sole proprietorships. Corporations are usually called public entities or publicly traded entities when parts of their business can be bought in the form of shares on the stock market. This is done as a way of raising capital to finance the investments of the corporation. Neoliberalism or neo-liberalism[1] is the 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism.

Sustainable capitalism is a conceptual form of capitalism based upon sustainable practices that seek to preserve humanity and the planet, while reducing externalities and bearing a resemblance of capitalist economic policy. A capitalistic economy must expand to survive and find new markets to support this expansion.

However, sustainability provides quite the opposite; it implies not only a continuation, but a replenishing of resources. The importance of sustainable capitalism has been more recently recognized, but the concept is not new.