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What even is capitalism?

What even is capitalism?

I talk about capitalism a lot. Whether it’s healing internalised capitalism or seeding business beyond capitalism, its transcendance is at the core of this school’s purpose. 

But, what actually is it?

Capitalism is an economic system that has social, cultural & political threads to it.  Its most common definition is a system in which trade and industry are controlled by private owners, rather than by the state. 

 But it’s also based on three, less-talked-about and detrimental principles:

1.    The pursuit of infinite growth on a finite planet.

2.    The artificial production of scarcity (to fuel said growth).

3.    The devaluation of complex, living systems to lifeless resources

 It’s these principles that lead to the climate crisis & inequity we see today (along with other crises), and ask us to imagine a world beyond capitalism. 

But here’s the thing. This system is so ubiquitous – so all encompassing – that it can be hard to imagine a world beyond it. 

We’ve also internalised it to a degree that it shows up in our belief systems, values & habits.  (you can learn more here,)

This means to vision & seed a world beyond capitalism – one with less burnout, stress, hustle, extraction, not-enoughness – we need to look first to the ways the system lives through us and as us.  The ways we unconsciously assume “this is just the way things are”, or “the way the world works”. 

We need to look within, to see how we can untangle it from our minds & hearts, before (and during) we do any work of changing the system ‘out there’.

Otherwise we might transform it, but not transcend it. 

I want to offer you two reflection prompts today:

1 What would a world without scarcity feel like, in your body? What emotions & sensations come up when you imagine this?

2 How might you generate that feeling of aliveness this week? That sense of energy, wonder, possibility & life?  (note: this space is where some magic happens).

Business Beyond Capitalism

Business Beyond Capitalism

Business Beyond Capitalism

I saw this sign the other day – People & Planet over Profit. 

As a climate and environmental activist, it’s not the first time I’ve seen it. I’m sure it is held high at climate strikes all over the world today as the Global Climate Strike lead by Fridays for Future takes place. 

This message is important – the climate crisis & ecological breakdown we face is a result of unchecked capitalism, its insatiable need for infinite growth on a finite planet.

What does this mean for ethical entrepreneurs though?

How often do we hold ourselves back, afraid that turning a profit or making money is inherently exploitive?  

Afraid that to be flourishing financially – to live a rich & abundant life – is to participate in an unjust system? Struggling with values clashes as we create a more beautiful world, while also existing in the one that we have?

Here’s what we need to understand: business is not the same thing as capitalism. Money is not the same thing as capitalism.  Profit is not inherently exploitive.  

Business is a form of trade, a way of sharing our gifts, talents and interests. A way to be fairly compensated for our labour.   

Capitalism is a social, cultural & economic construct. On the surface, it sounds reasonable: a system in which trade and industry are controlled by private owners, rather than by the state. 

But it’s also based on three fundamental principles:

1.    The pursuit of infinite growth on a finite planet.

2.    The artificial production of scarcity.

3.    The devaluation of living systems to lifeless resources

It’s these principles that lead climate & environmental activists, like myself, to imagine a world beyond capitalism. 

To demand new values, new visions, new systems based on regenerative principles – life giving principles. To place planet & people at the front of what we do.

And here’s the thing: we can do that in business too. 

There is business beyond capitalism.  

And it doesn’t require being broke, scarce or playing small.

There’s a world that allows for our social, financial & ecological flourishing.

But we need to imagine it first.

Can you let yourself feel that world today? 

Can you begin to imagine your Business Beyond Capitalism?