From monocapitalism to multicapitalism

Following the last post, speaking of shitting rankings see this article. First some definitions:

Monocapitalism: capitalism designed to grow and concentrate one form of vital capital — financial capital — very often at the expense of the ongoing viability of other capitals; 

Multicapitalism: capitalism designed to maintain the carrying capacities of all vital capitals (natural, human, social, intellectual, constructed, and financial) respecting normative thresholds.[xxv]

Now some statistics:

"In current practice, capitalism focuses monolithically on financial growth, hewing to the assumption that this is the most efficient engine of progress. But is that actually true — does economic growth lead inexorably to progress? The research suggests otherwise. Financial growth that exacerbates income and wealth disparity, for example, ends up undermining the wellbeing of both the poor and the rich.[xv] Researchers propose instead a kind of 'spirit level' of balance when it comes to material distribution. (See Figure 1 below)"




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