Radical Capitalism: Markets, Dignity, and the Moral Dimension of Choice
Thursday, 6/9/16 @ 4:00 PT & 7:00 ET
Our 5th Radical Idea, Radical Equality, declares that profit belongs to the Individual who creates value. (You can read a position post on that idea and the discussion transcript from March 17.)
It is our idea of Radical Equality, which demands that legitimate profit is only created through free and voluntary, value-driven, market exchange and that profit justly and morally belongs to the individual who creates the market value that creates the profit.
That demand constrains and defines Radical Capitalism and our Family of Companies.
Our 6th Radical Idea: Radical Capitalism and a Family of Companies
Recalling that in addition to its common meaning, radical also means the essential nature and irreducible root of a thing, Radical Capitalism recognizes that free markets comprise the volitional individuals who comprise them.
Radical Capitalism, therefore, embraces the moral dimensions of choice.
Our position is that while a market defined by sheer economic forces, valid as they are for defining wants and allocating resources, will be efficient, a market must be more.
Because economic forces and price signals are always filtered through individual and social values, a market’s broader character has to do with society, mores, identity, values, and thought.
True free market competition embraces the moral dimensions of choice and we embrace that competition. An amoral market in an anti-individualistic society cannot preserve the individual’s dignity, much less foster creation of Greatness through the Individual.
Our markets will. And that is what we want to discuss with you this week.
#GTIdeology Happy Hour
We discussed this topic on June 9, 2016. Our cool video introduction and the discussion questions are below. You can read the full transcript here.
You’re invited to — and we hope that you will — join us at 4:00 PT & 7:00 ET every Thursday to unofficially kick off the weekend with us and the smart, fun, and friendly #GTIdeology Happy Hour crowd.
We tweet out reminders each week. If you’d like one, just tweet @ us and let us know. We’ll be happy to tweet you one. Cheers!
Q1. In your opinion, what constitutes an economic market?
Q2. Our 6th Radical Idea understands markets are amoral and that values are injected into them by the companies and individuals who comprise them. What do you think?
Q3. Agree or disagree: Genuine free market competition must include the moral dimensions of choice. Why?
Q4. Discuss if and how individual dignity can (or if it should be) preserved and respected in a market.
Q5. Have you ever been in a market situation that embraced the moral dimension of choice? Or worked in or with an organization that did? Tell us about it!
We hope you’ll join us. If you’d like a reminder, just tweet @ us and let us know. We’ll be happy to tweet you one. Cheers!