Tuesday, 14 June 2011

The Concept of 'Progressive Capitalism'


Concept of Progressive Capitalism

The concept of 'Progressive Capitalism' is a central part of my vision and thinking. It is a framework for historical analysis and a predictive and strategic model for thinking about the future.

The concept is elastic in some ways. It also has an internal dynamism and creative tension by the use of the terms 'progressive' and 'capitalism' together.

By the way, I also sometimes use the terms such 'ethical globalisation', 'capitalism with a conscience'. 'humane capitalism',etc. in a similar way to the concept 'progressive capitalism'.

It has a capacity to be over-arching and fundamental to thinking about the modern world.

The concept of 'progress' is my perspective - which can go back over time by performing a historical analysis function in terms of human and natural development.

It can embrace many fields such as scientific knowledge, philosophical and religious thinking, creative arts and culture as well as social and economic development.

It can be used to explain a system - 'modern capitalism'. It be be used as a tool in public policy development. It can also be used a vehicle for modern political thought and positioning.

I use it also in a definitional sense to counter negative ideas and practices.

For instance, I see progressive thinking and humane public policy as central to capitalism as a modern economic system and do not subscribe to a religious or politically/economically reactionary view of modern public policy and science.

I also see pluralism and social liberalism as important (e.g. progressive ideas about sex and relationships, pluralism in society, importance of liberty and freedom in the modern public and private space).

The concept of 'capitalism' is my perspective on modern economic system and policy and its strategic position.

Although, I am open to thinking about 'profit' as a motivation, I use the concept is a very wide and also in a technical sense.

In the wide sense, I use it to refer to the accumulation of resources and their deployment for social/ individual gain. Terms such as economic capital, human capital, knowledge capital, etc. express this in a popular way familiar to modern society.

In a technical sense, I also use it as a way to express modern 'legal' relationships and dynamics based on the right of the individual to own property/land and the right of people to sell or not sell labour in a free way.

For instance:

I can use the concept of capitalism to describe what really happens in real capitalism economies.

I believe that the freedom of capitalism is based on freedom of the individual/legal group( e.g. company) to take risk based on their existing resources to accumulate more resources. The free market of capitalism is based on this creative freedom for the individual and group. In this sense, it is very dynamic.

For instance:

I can use the concept of 'progressive capitalism' to analyse historical trends.

In terms of current affairs, I want to use historical argument to show that some interpretations of capitalism are very distorted e.g. a reactionary notion of capitalism as a system that removes government's role in developing humane and progressive societies. I also want to show why this would be strategic error and to use it to show the damage it can do to economic growth and development of the world economy.

I also want it to explain why the 'Communist economic model' (and to a very different extent the 'state socialist planning model') has failed especially with Russia - and, to a greater extent in a global sense, for instance China ditching this model.

I will use this for my professional work as a public policy analyst and strategic management and leader as well as in my professional work as a lecturer, trainer and public speaker. As a expert on international political economy, I can use the concept to explain a wide range of modern ideas including socio-economic and political formation. I will also use this framework for my public policy and strategic management thinking on London as a world class city and a specific form of capital city government.

Copyright Atma Singh 2010

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