Post-capitalism
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Post-capitalism refers to any hypothetical future economic system which are proposed to replace capitalism as the dominant economic system.
There have been a number of proposals for a new economic system to replace capitalism. The most notable among them are:
- Socialist economics, an economic system based on state or public ownership of the means of production.
- Participatory economics, an economic system that uses participatory decision making as an economic mechanism to guide the allocation of resources and consumption in a given society.
- Post-scarcity anarchism, an economic system based on social ecology, libertarian municipalism, and an abundance of fundamental resources.[1]
- Binary economics, an economic system that endorses both private property and a free market but proposes significant reforms to the banking system.
- Technocracy, an economic system based on energy economics in regard to Thermoeconomics, is a form of government in which engineers, scientists, and other technical experts are in administration. Technocracy is a governmental or organizational system where decision makers are selected based upon how highly knowledgeable they are, rather than how much political capital they hold. See Technocracy movement.
- Distributism, a system encouraging the widest possible distribution of the means of production, so that as many people as possible can be entrepreneurs. Small businesses that support one family are valued more highly than large corporations and large government bureaucracies.
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[edit] Technocratic energy related economics
The term Technate was originated by Technocracy Incorporated in the early 1930s to describe the region over which a technocratic society would operate using thermodynamic energy accounting instead of a money method.[2] All resources and industry of this land region would be used to provide an abundance of goods and services, within a sustainable ecological context, to its citizens under the program Energy Accounting.[3]
According to technocrats, a technate cannot simply be set up anywhere like a modern-day country; it has several requirements that must be met in order for it to operate:
- There must be sufficient natural resources.
- There must be an existing industrial and scientific base from which to operate the Technate.
- There must be a sufficient amount of trained personnel for its operation.
According to Technocracy Inc., presently the North American continent is known to be able to fully meet the basic requirements needed to operate a Technate, although other land areas could attempt it, with varying results, depending on the required conditions of energy conversion.[4] The design is intended to transform North American society, and replace the current Price system.[5]
[edit] Possible benefits
A possible advantage to energy accounting would be its empirical accuracy, namely, energy units could not appreciate or depreciate in value, and would themselves be direct representations of physical quantities. This would eliminate the possibility of debt and inflation, credit or debit in monetary terms, and release humans from a class system based on money. Everyone would receive an equal amount of consuming power via this Non-market economics, Post scarcity method, in theory, and the reward and punishment aspect of money is not in play. Things like education funding would no longer be measured in a money budget, but would be allocated the amount of resources needed to accomplish educational goals. Special interest groups would also be precluded of power as the system outlined can not be influenced as a political price system is currently influenced.[6]
[edit] See also
- Anti-capitalism
- Critique of capitalism
- Economic history of the world
- History of economics
- Netocracy
- Energy Accounting
- Technocracy (bureaucratic)
- Wealth, Virtual Wealth and Debt
[edit] References
- ^ Bookchin, Murray (2004). Post-Scarcity Anarchism. AK Press. ISBN 9781904859062.
- ^ http://telstar.ote.cmu.edu/environ/m3/s3/05account.shtml Environmental Decision making, Science and Technology
- ^ http://ecen.com/eee9/ecoterme.htm Economy and Thermodynamics
- ^ Cutler J. Cleveland, "Biophysical economics", Encyclopedia of Earth, Last updated: September 14, 2006.
- ^ The Energy Certificate essay by Fezer. An article on energy accounting as proposed by Technocracy Inc. http://www.technocracy.org/Archives/The%20Energy%20Certificate-r.htm Article on alternative system to money 'energy accounting'
- ^ R. B. Langan, "I Am The Price System", Great Lakes Technocrat, No. 66 (March/April 1944).
[edit] External links
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This article's external links may not follow Wikipedia's content policies or guidelines. Please improve this article by removing excessive or inappropriate external links. |
- What is Post-Capitalism?
- A Postcapitalist Politics
- Beyond Capitalism to Post-Capitalism: Conceiving a Better Model of Wealth Acquisition to Supersede Capitalism
- The Associative Economy: Insights beyond the Welfare System and into Post-Capitalism
- Transition to Postcapitalism and Capitalist Elite
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