Archive for the ‘Capitalism’ Category

Reinventing Capitalism

March 18, 2009

Today I ran across an excellent essay by a fellow named Howard Bloom, called Reinventing Capitalism: Putting Soul in the Machine.  His argument is that we should “re-vision” our western capitalistic civilization – to see it for all its greatness and promise, not just its faults.

I especially like this particular line:  “We can reveal a central secret of the Western system—we’re not mere digits in a numbers game; we’re feeling people woven in emotional exchange.”

“Woven in an emotional exchange.”  That’s the basis for my plan, “Dawn’s Plan” that takes the fabric of social networking – which is now limited to informational exchange – and weaves in the exchange of commerce.   In this way, people can make a living doing what they love to do, what they are meant to do.

Bloom argues that capitalism has a beating heart.  I couldn’t agree more.  Capitalism allows people to express their talents and passions in a very personal, tangible way that compensates them materially.  Capitalism is an artist’s tool.  And also the proven tool of philanthropists.   That it has too often been the instrument of greedy robber barons doesn’t change the fact that it’s still the best tool in the economic chest.

My own strong belief is that the key to “reinventing capitalism” so as to make it more egalitarian is to allow everybody access to wealth creation, no matter what your talents and passions are.  This demands taking advertising distribution control away from advertisers and giving it to the public, as well as a few other steps that I have talked about in this blog many times.

The Internet is what can reinvent capitalism, if my plan is adopted.


Yes, Virginia, there is an Angel Investor

December 17, 2008


DEAR EDITOR: I am 48 years old.
Some of my little friends say there are no Angel Investors. 

Papa says, ‘If you see it in THE SUN it’s so.’
Please tell me the truth; is there an Angel Investor?
VIRGINIA, your little friends are wrong. They have been affected by the skepticism of a skeptical age. They do not believe except [what] they see. They think that nothing can be which is not comprehensible by their little minds. All minds, Virginia, whether they be men’s or children’s, are little. In this great universe of ours man is a mere insect, an ant, in his intellect, as compared with the boundless world about him, as measured by the intelligence capable of grasping the whole of truth and knowledge.
Yes, VIRGINIA, there is an Angel Investor. He exists as certainly as love and generosity and devotion exist, and you know that they abound and give to your life its highest beauty and joy. Alas! how dreary would be the world if there were no Angel Investors. It would be as dreary as if there were no VIRGINIAS. There would be no childlike faith then, no poetry, no romance to make tolerable this existence. We should have no enjoyment, except in sense and sight. The eternal light with which entrepreneurship fills the world would be extinguished.

Not believe in Angel Investors! You might as well not believe in CEOs! You might get your papa to hire men to watch in all the chimneys on Christmas Eve to catch an Angel Investor, but even if they did not see one coming down, what would that prove? Nobody sees Angel Investors, but that is no sign that there are none. The most real things in the world are those that neither children nor men can see. Did you ever see venture capitalists dancing on the lawn? Of course not, but that’s no proof that they are not there. Nobody can conceive or imagine all the wonders there are unseen and unseeable in the world.

You may tear apart the baby’s rattle and see what makes the noise inside, but there is a veil covering the unseen world which not the strongest man, nor even the united strength of all the strongest men that ever lived, could tear apart. Only faith, fancy, poetry, love, romance, can push aside that curtain and view and picture the supernal beauty and glory beyond. Is it all real? Ah, VIRGINIA, in all this world there is nothing else real and abiding.

No Angel Investor! Thank God! he lives, and he lives forever. A thousand years from now, Virginia, nay, ten times ten thousand years from now, he will continue to make glad the heart of entrepreneurs.