The Four Principles Of Edwardian Capitalism

Developing an economic system for in any society can be a challenging task for any newly created government. As the newly appointed Economic Minister of this newly created democratic nation, I have been given the ambitious task of designing an economic system in which capitalistic ideals and will achieve both sustainable high rates of growth and a robust middle class. In order to build this system, I will draw on multiple varieties of global capitalism. I will entitle my brand of capitalism Edwardian Capitalism. It will hold to four principles based on the particular brands of global capitalism and my own personal thoughts and opinions which will be revealed later.
Before we introduce the principles of Edwardian capitalism, it is important …show more content…
This word is a Japanese word translates to “series”. However, the series that the Japanese were talking about refers to a conglomeration or rather the interconnection of companies and enterprises. For example, a car company, say Toyota works on some ideas and projects with Mitsubishi and vice versa. Thus, each company needed the other company in order to succeed. Both of these companies had a responsibility not only to themselves but to the other companies that were supporting them to succeed. Additionally, each company would not want to destructively destroy another company because one’s own success was contingent on the success of the other. This notion of conglomeration was integral in Japanese capitalism and will be integral in Edwardian capitalism. The only difference between edwardian capitalism’s Keiretsu and Japanese Keiretsu is that in this society, companies would actually be required to hold a certain amount of stock (within the boundaries of a minimum and maximum percentage) of at least one startup in any field and one competitor respectively. This way, the urge to destroy the competition will be virtually eliminated. Each company will want to succeed for themselves, nor will they do malicious acts in order to destroy the other companies. To be clear, being in an Edwardian capitalistic society does not ensure absolute success nor does it guarantee that one will not fail. To …show more content…
In class we studied the Indian capitalistic system. Indian capitalism was still somewhat rooted in the ideology of the caste system. In the caste system it is impossible for people to rise in income or social brackets. However, one focus of capitalism is to enable free and fair trade in markets which should enable social mobility. Therefore the Indian version of capitalism system never was fully realized due to this caste mentality. Edwardian capitalism will promote upwards mobility by encouraging people to make new businesses. Edwardian Capitalism requires existing companies to buy stock in a startup that they believe in. This encourages those who have ideas and want to rise out of their brackets to innovate and think of creative ways to get up and out of their income bracket. The free choice of which startup to invest in reinforces the free will of the existing companies and also ensures that only the most innovative and promising businesses succeed. Think about it, if your business is a waste, why would a larger and more successful company invest in it? They would lose money. Thus the entrepreneur must work hard and smart, in other words they must “grind” in order to move themselves to the next level. Good ideas and well developed business models will succeed because success attracts success and thus it will encourage excellence and growth. If a person doesn’t