Neo-Capitalism thought - Doctrine

Shahab Sabahi

Energy and Environment for Development– Policy Analysis Research Group

Labor: Through the lens of classic capitalism, humans are resource to be exploited. Labor is just one more expense, its cost to be minimized for the maximum possible profit. Neo-capitalism believes, meaningful work is the prerequisites of a good life and that most of the value that derives from the work of the individual should benefit that individual, not only shareholders and investment banks.

Environment: Neo-capitalism views the environment as outer and prime system which contains resources for sustainable exploitation and source of life. The capability of environment is finite, the source of some of the most rewarding possessions which humans and animals can have, and a resource to be protected for the generations yet to come.

Community: In classic capitalism’s perspective, communities count for nothing, and corporations are only the matter. This is a dominating thought that corporations should initially be saved and then communities may be survived to drive the corporations’ engines for further growth.  Classic capitalism gauges everything with scale of opportunity costs. . Neo-capitalism views communities have inherent human values, and corporations have obligations toward them, whether in heydays when profits are generated mainly for shareholders and in hardship when communities are subject to failure. There is no such a TAX-HEAVEN for riches to save their assets for rainy days and leave behind communities for bailing out their debts.

Neo-capitalism places human’s values foremost. Human’s values are regarded as ever greater profits as for shareholders as a tiny minority.

The most harshly in the doctrines of those who promote globalization, the IMF has decreed that civil society in every country must drastically cut or eliminate social safety nets, privatize essential governmental functions so corporations can turn them into profit-making opportunities, and abandon control of their own economies and resources for the exploitation of transnational corporations. (Progressive Economics, Societies, Politics, Environment)