The Modal Economy
Our economy is perhaps the most beautifully designed structure humanity has ever created. It is a system of people, infrastructure, business and trade - it's made up of the social connections that cross the earth.
However capitalism values everything on the planet in homogenous, monetary financial quantities – from ideas, lifestyles, and objects, to time and living beings. It subsists on empty growth, development for no reason but the need for more.
These characteristics create false hierarchies, classes, and desires. Financial measures cannot accurately reflect the diversity and necessity of much of the world that cannot be quantified and priced. It’s a dangerous state of being, relying solely on money to gauge how important something is - even more so when the rate of our growth is beginning to encompass the earth. When a system’s tiny-fissured problems crack open across an entire globe, what seemed fixable or ignorable becomes insurmountable.
This is where the modal economy enters.
This is the next step in our economic evolution, an upgrade to our current system. It is not a direct reaction to capitalism itself, but rather a response to capitalism's false assumptions of human nature. We are not solely rational, competitive, and self-interested - these are only a few of the qualities that humanity displays, but they are the qualities that the economy encourages. Capitalism makes us believe that we are naturally selfish and greedy.
The modal economy also encourages certain behaviours, but they are aligned with a more holistic human nature. The revisions are formed to nurture the reciprocity, community, and equity of humankind that is presently neglected. They create new channels of value and exchange that allow us to behave more freely and still be economically successful. The modal economy values cooperation as well as competition, individual agency as well as community.
It really is very simple. When our system is adjusted to encourage a different set of qualities, our behaviour will move in response.
The modal economy is not a political system, but an economic one that fully considers the environment it operates within and is a part of. We are changing the definitions of prosperity, value, and human nature.
We are the link between capitalism and the future.