Πέμπτη, 8 Σεπτεμβρίου 2011

Is it right to give Equal chances to Unequal people?

Many say that Governments shouldn't intervene in favor of some bankers as they do, instead they should intervene directly only to save, savings of random depositors, that didn't have anything to do with what bankers, did. By saving bank's and not directly people savings (which is their excuse), they just did a twist in to Capitalism natural order… Bankers should go bankrupt and State should save people’s savings… 

Yes, they might be right, but this is not the problem of Capitalism…

Capitalism problem is different… Free Will is NOT a panacea that somehow solves everything, as republicans claim… Our Democracies are based in the notion that everyone has to have Equal opportunities and that everyone is Equal within our Democracies.

That has an inherit flaw… Are we all, really Equal? In reality are we?

See what ancient Greek philosophers, that invented democracy, said about Equality…
"There is nothing more unequal than the equal treatment of unequal people." (Aristotle)
Exactly that is our problem… Free will, alone can’t restore Inequality of incomes and wealth distribution, which *Directly* dictates who will have the opportunity to try his idea and innovate. It should be the idea quality that should dictate who will have the opportunity to start a business, not his pocket. That’s Meritocracy, our qualities should matter and not our wealth.

Today the ones that distribute this opportunity are the wealthy people… these guys don’t have a direct necessity to do so… so they don’t… Forget about Silicon Valley, it’s not evidence that some invest, when 97% doesn’t… On the other hand people have the necessity to innovate and change their life’s… so, they have the free will to do so, but they are totally unable… since just the 5% of the population has that ability...


95% of our population needs more than 15 years to gather thru savings a mere startup capital of 40.000 euros so what are his chances to start a bussines? How many they will do online bussiness that need this kind of capital? Can we all do the same thing?

So yes, our Democracies have the problem... Our Democracies should counteract what Nouriel Roubini stated in WSJ last August:
"Karl Marx had it right.  At some point, Capitalism can destroy itself.  You cannot keep on shifting income from labor to Capital without having an excess capacity and a lack of aggregate demand.  That's what has happened.  We thought that markets worked.  They're not working.  The individual can be rational.  The firm, to survive and thrive, can push labor costs more and more down, but labor costs are someone else's income and consumption.  That's why it's a self-destructive process."
If we counteract and balance this systemic problem, (constant shift of income towards to super rich) with massive entrepreneurship within Capitalism context, we will force wealth to return to people, not with a violent proletarian revolution, but instead with entrepreneurship, merit and heavy competition against multinational’s and big corps, an innovation revolution which will, at the end, increase the number of producers and subsequently increase the offering of goods, which will in result, lower living costs and give jobs to all.

So If we fix that flaw of the system and somehow allow our Democracies to distribute that opportunity, then Capitalism will have the counter balance needed… and the system will naturally balance…

The day that a homeless engineer (so zero funds...), which fate made him to sleep in the streets, will have the chance to submit, through internet, an idea to a mechanism that will assess democratically his proposal and award him the chance to try it; using an assessment without experts, angels, bankers and VC’s, but instead using people that have the same necessity to innovate (and not to expand their riches), democratically... that day our world will be changed…

Entrepreneurship can’t happen in a vacuum with no funds… to claim and preach that, everyone can be an entrepreneur without funding of any kind, is naive and dangerous to humanity.

Someone has to risk, if not Bankers and the Wealthy ones… (because they don't want to, in the scale needed)

We should,… our Democracies should do that,… our prosperity is not their responsibility, its ours...

We have to wake up and stop *Pushing* unwilling investors and expect them to innovate, fund entrepreneurship and drive our prosperity, but instead, WE have to risk and allow Democratically, Entrepreneurship to flourish, free from capital barriers using our capital reserves that are available in our Democracies.

Make no mistake, Bankers and investors, Will Be *Pulled* to invest on innovation when they See it.

So, instead of *Pushing* unwilling investors we should start *Pulling* them to innovation… In this way capitalism will not collapse but instead it will get balanced… Capitalism in this way, in a macro level, will turn  again to be Entrepreneurial and not Financial as it is today and that will happen naturally.

Entrepreneurship has the leverage to make it happen.

You would think, "and where we will find the money if not investors aren't in the picture initially?"

Just the Obama Jobs Act and the EU innovation plan are summing to nearly 1 trillion dollars!!!

So money its not an issue... Ok, you will think, "Then what? We will just spend a trillion in subsidies? We will pay everyone to start-up?"

Simple answer... No.-

Today, as Urban Participatory Planning has being invented, the same way Participatory Entrepreneurial  Assessment and Funding has being invented:

Beware not Participatory Economy which is utopic, but instead, Participatory Entrepreneurship that can be applied easily to our Democracies and drive our economies back to growth.

So there are no excuses... Let's share this idea and make everyone aware of it... and then challenge our politicians to just apply it...

So let's stop talking and let's start doing...  Let's Activate People's Potential.