What might a post-competitive economy reorganized around growth and fair wages look like. Let's imagine that Adam Smith way back in the 18th century had suggested that economies work best when they are cooperative rather than competitive.
In my novel, The Phoenix Year it ends with a global collapse to mirror the 1929 Depression induced by a group of very wealthy and very concerned men acting to game the global financial system by taking advantage of the rich or near rich’s obsession with “self-interest.” In The Phoenix Year, the wealthy men see the problems of the global economy as being individual and collective greed. Workers are less important than shareholders and Boards of Directors are captives of senior managers. The men in this group, the Ancient and Honorable Order of the Phoenix, own and manage the companies they or their fathers or grandfathers founded. Their time horizons are longer than the managers of most of the world’s private companies who worry about making next quarters targets more than insuring that their companies grow, and their employee prosper. As Heinrich Von Kleise, Swiss billionaire at the heart of the conspiracy, explains to Michael Ross, the American economic advisor to the President:
In my opinion, the problem comes from letting company decisions be taken in the interests of shareholders by hired gun managers with short time horizons. By destroying the tyranny of captive Boards and Group - managers measure their success in profits, not growth and innovation, their goal is to build a new system of cooperative, non-competitive behavior driven by growth metric; employment, wage equality, new investments in solutions for global problems. By eliminating the metric of profits alone from the equation and reorganizing these companies into global keritsu-like companies linked in common purpose they see the private sector sharing fully with government responsibilities for managing economies.
Dr. David L Blond is a well known economists with experience in government and the private sector. Recently published his first novel, The Phoenix Year, an economic thriller about the events leading up to the global market collapse engineered in October, 2016.