Re-imagining Capitalism: Love and Compassion in Economics | People-Centered Economic Development

In 1999, a conversation about the Ignorance and Want allegory from Dickens Christmas Carol began a business relationship that would last until my correspondents death. He was working at the time in Russia on a concept that hed written a paper on, business with the primary focus of people over profit.          “Economics, and indeed human civilization, can only be measured and calibrated in terms of human beings.  Everything in economics has to be adjusted for people, first, and abandoning the illusory numerical analyses that inevitably put numbers ahead of people, capitalism ahead of democracy, and degradation ahead of compassion.”That was perhaps the key point in the white paper proposing an alternative to capitalism, a people-centered form of economics.  Following the death of the author last year, I began to look back on what had influenced this work and the dedication of a friends life to the cause of vulnerable and neglected children.There is much now being said of business for social purpose, even thoughts of embedding love in the core values. Here for example in the Guardian.  Some say empathy in capitalism is the Next Big Thing.The influences which led to the concept of People-Centered Economic Development may be found below:  It was rooted in the 1970s within the psychology department at New College of South Florida.

via Re-imagining Capitalism: Love and Compassion in Economics | People-Centered Economic Development.

About Makere

A transplanted New Zealand Scots/Maori academic/grandmother/random singer and sometime activist, my life is shaped by a deep conviction of the necessity for active critical engagement in the multi-faceted global and local crises of being and survival of species that confront us in the 21st century, the urgency of re-visioning the meaning of thriving together, and the contribution of Indigenous knowledge systems to a truly sustainable and just global society.
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