quickstart

Reinventing Capitalism with Kees Klomp

A VERY unique guest

Welcome to the inaugural webcast of Business for Humanity! Join us as we commence our collective journey to unravel the complexities of capitalism and embark on the quest for a better future of work.


unique INSIGHTS

Inspired by the visionary research of Kees Klomp and the management bestseller "Thrive - Fundamentals for a New Economy" he co-wrote with Shinta Oosterwaal, we start to explore a number of bold alternatives to traditional and capitalistic paradigms. Prepare to be inspired by a whirlwind of ideas, from Doughnut Economics to Wellbeing Economics, Buddhist Economics, Ecological Economics, Community and Commons-based approaches, and including Degrowth and Feminist Economics. Building further on Kees's thoughts, we sketch out our initial inquiry framework and together with a hundred active participants, we warm up for the dialogues to come!

✿ Thrive By Kees Klomp And Shinta Oosterwaal


‘Thrive’ offers readers the fundamentals for a new economy that is rooted in the well-being of humanity and of our planet. This book is a must-read for anyone in search of economic perspectives that contribute to a flourishing world.


book summary
A profound crisis emerges from the relentless pursuit of economic growth, clashing with the sustainability of human and planetary health and leading to environmental degradation and a surge in mental health issues, such as eco grief. This situation, exacerbated by societal denial of the destructive impact of current economic practices on the planet, calls for an urgent rethinking and transformation of economic progress concepts.

Therefore, Kees and Shinta ask: might economies become healing spaces to restore what seems sensible, relevant, and natural? If so, the solution cannot lie in traditional economic reforms, but will require a fundamental cultural shift toward a new narrative of "thriving" that respects the interdependence between humanity and the natural world.

The authors argue that our dominant economic story is slowly being challenged by something more powerful: a grand cultural shift from wealth accumulation to life affirmation, carried by an emerging recognition that the thriving of humanity and the natural world is non-negotiable - marking a shift from a capitalist consciousness to an existential economics, based on ecological consciousness.

Thrive provides insights into alternative approaches to economics that are sustainable and just for both society and the planet in the long term. In twenty-four essays, internationally renowned economic thinkers like Kate Raworth, Charles Eisenstein, Clair Brown, Helena Norberg-Hodge and Daniel C. Wahl share the alternatives that are available to us such as doughnut economics, wellbeing economics, common good economics, regenerative economics, buddhist economics, commons economics, local economics, bioregional economics, indigenous economics and degrowth economics. Each of these approaches provides a realistic and enticing vision of a thriving future.

The objective of the book is to identify the fundamentals for a new narrative that shifts our economic model from a growth-centric, extractive approach to one valuing agency, relational selves, and the right relationship with the environment. True prosperity for the authors comes not from dominating and exploiting natural resources but from recognizing and nurturing our intrinsic connection to all living beings, by enacting our agency to experience what it means to have real purpose and to make a valuable contribution.

Inspired by the resilience and mutual support observed in forest ecosystems, the paradigm of existential economics is adopted to highlight the importance of transitioning from individualistic, competitive behaviors to collective, sustainable practices. This shift is rooted in the understanding that a thriving future depends on our ability to foster economic systems that emulate the ecological balance and reciprocity found in nature, thereby promoting a harmonious coexistence with the earth.

"Thrive" presents readers with an invigorating exploration of alternative economic paradigms, infused with a spirit of hope and compassion. Offering a diverse and compelling array of perspectives, the book serves as essential reading for those seeking to envision a world where prosperity is synonymous with collective well-being.

✿ About Kees Klomp

Kees Klomp is a Professor at the University of Windesheim and a leading researcher on alternatives to capitalism. Renowned as a consultant, social entrepreneur, and activist.

  • Kees Klomp is a Professor at the University of Windesheim and a leading researcher on alternatives to capitalism. Renowned as a consultant, social entrepreneur, and activist, he has authored multiple books and held positions such as director of SMO at Erasmus University and lecturer in Meaningful Economics at Rotterdam University of Applied Sciences. As the program manager for AGENCY! Network and a founding partner of the THRIVE Institute, Klomp is deeply engaged in fostering meaningful economic models.mics in Shanghai. Additionally, he is a Fellow in the Academy of Social Sciences in Australia (ASSA) and the Royal Society of Arts (RSA) in the UK.

  • Kees Klomp's academic journey began with studies in Political Science and Communication Sciences at the University of Amsterdam. Following a career as a business consultant with major international marketing communication consultancy networks BBDO, Y&R, and TBWA, Klomp founded Karmanomics in 2006. Grounded in Buddhist philosophy, his approach to business emphasizes the importance of meaning and purpose.

  • A prolific author, his books on the Meaning Economy, including "Handbook of Meaningful Entrepreneurship," "Pioneers of the New Prosperity," "THRIVE," and "Meaning Economy," have become management bestsellers. In addition to his writing, Klomp is an active entrepreneur, providing expertise to numerous companies and organizations, and is highly sought-after as a passionate speaker on meaningful economic models. 

THE PARADIGM

Existential Economics

"What seems like fantasy today has the potential to be reality in the future because we can turn discoveries and dreams into long-term, meaning-affirming projects that advance civilization." (Clay Routledge)


Find here our initial analysis of values, institutions and theory of change.


Introduction to the approach

Existential economics seeks to understand the role played by existential factors in economic phenomena. It explores the intersection between economic principles and existential questions about human existence, meaning, and purpose.Thus, the basic inquiry in existential economics is what role key aspects of economic phenomena play for our human condition.

  • Economic alienation: How economic structures impact individuals' sense of belonging and connection to their work and society.
  • Existential fulfillment: How economic activities contribute to or detract from individuals' sense of purpose and fulfillment.
  • Economic freedom: How economic systems either enable or constrain individuals' ability to pursue authentic and meaningful lives.
  • Value systems: How economic values align with or diverge from existential values, such as autonomy, authenticity, and self-realization.
  • Inequality: How economic disparities affect individuals' opportunities for existential flourishing.
By examining the behavioral patterns of consumers, companies, and governments through the lens of our existential human desires and fears, we can potentially uncover a profound interplay shaping our economic landscape and causing immunity to change:
  • Consumers, driven by a primal yearning for meaning and a dread of suffering and mortality, often seek solace in the pursuit of material possessions. This relentless quest for wealth and goods serves as a makeshift remedy to fill the void within, offering a semblance of significance in an uncertain world.
  • Meanwhile, companies capitalize on this existential angst, adeptly channeling individuals' aspirations into profit-driven endeavors. From enticing consumers with positional products to fostering an obsession with profitability among executives, the underlying motivation stems from a collective desire for stability and purpose.
  • In parallel, governments, where politicians are grappling with their own existential insecurities (pursuing meaning and significance through reputation and reelection), find themselves swayed by the pressure from influential corporations and affluent individuals to prioritise economic growth. This fear-driven ideology permeates policy decisions, with politicians often succumbing to the notion that enriching the wealthy will "trickle down" to enable widespread prosperity.
In essence, existential economics seeks to broaden the scope of economic inquiry beyond material concerns to encompass existential dimensions of human experience. It encourages economists to consider the subjective and qualitative aspects of economic life alongside traditional quantitative measures.

the Webcast

Join The Interactive Exploration

Find here all live video recordings within 7-14 days after the event.


Plus, additional materials, comments and answers to Q&A questions.


Presentation for Download

Here you can download our presentation from the last session for free

KEY CONCEPTS

Exciting insights into the key concepts from our episode with Kees Klomp

Geoffrey M. Hodgson summarizes key parts of his book Conceptualizing Capitalism (Hodgson 2015a). The article briefly explains why institutions must be central to a definition of capitalism, and what is the nature and role of such a definition. It dates the rise of capitalism in England to the development of financial institutions in the eighteenth century, particularly concerning the institutional conditions for the use of property as collateral and the buying and selling of debt. It considers why economists and others have often downplayed the role of particular financial institutions. This provides a lead to the question of inequalities of wealth and income, and how they are generated within capitalism. In addition, while capitalism is a market system it inevitably has missing markets, leaving open a crucial role for the state.

The aim of this article is to analyse the links between the moral and political aspects of neo-liberal ideology and how appeals to certain ethics may legitimate the establishment of the institutions of neo-liberal capitalism through political action. It presents the original characteristics of neo-liberal ideology by emphasizing how it differs from classical liberalism.

What is this school called neoclassical economics? Does it exist? Should it? Where does the term ‘neoclassical economics’ come from, and is there any connection between any of the current interpretations of the term and its original meaning? How do we make sense of competing current interpretations? Is there a sustainable formulation? These and related questions are raised and answered in an attempt to bring clarity to ongoing economic discussion and debate, thereby to under-labour for a more relevant academic economics discipline.

What is Social Ontology? Trained philosopher and sociologist Dr. Mark Carrigan answers this question with interesting recordings of Margaret Archer.

PRACTITIONERS' FORUM

Here you can find the most memorable insights, comments, questions from you, the community.

KEY INSIGHTS FROM Our Practitioners' Forum

Simply select from the drop down menu on the right -->

  • Jonah-Baptiste Lohmann : I now remember my professor telling us in our first lesson of Micro 1 about normative vs descriptive Economics, and that we were practising descriptive Economics - and it was never mentioned again from that point on.
  • Pascal Nonnen : We discussed what we need GENERALLY from this series (not only as in answers). And that’s a sense of community. Because the work we do as change-makers is hard. So, the chance to connect with others in this movement would be FANTASTIC!
  • Axel Bachmeier : We need practical and differentiated structures for real life organisations regarding (y)our initiative. Structures are changing cultures and leadership styles (and vice versa). I am consulting companies and i do not have enough practical structures in hand to implement your great ideas.
  • Tiffany Zamot: What does a healthy money mindset look like? In starting a new business endeavor, what economics structure is right for me?
  • Rebecca : How we make the questions and answers simple, tangible, digestible so that individuals, families, neighborhoods , a group of friends can also start small
  • mh : Ideology - what do we want the future to look like (and anticipating unintended consequences)? Examples: I think finding case examples of institutions/individuals would be very instructive to the world. How do we transform without becoming dogmatic/facist/revolutionary?

  • Emma Meerkerk: As a Sustainability consultant I can bring the vision and struggles of companies related to the transofrmation.
  • Eugen Oetringer : Experience in why so many initiatives got stuck in the system and how to overcome it.
  • Eva Rutten : Not answers; but help to create a new narrative to influence companies/curriculum/business models
  • Maria Garcia : And if you want to engage students, also educational managers!! So they can also create space in the curricula to this other outside the classroom spaces for learning, engaging and co-creating...
  • Lara Bezerra : I would bring some members of YPO who are doing work inside YPO - and are making efforts to transform the other 35000 CEOs who are part… And mainly some YNGers, who are the next generation group parallel to the YPOers
  • Michel Berthus : I would bring people who do not agree about changing!
  • Tom Davies : Foreign exchange professionals. I work in foreign exchange and one figure that constantly mesmerises me is that $6.6TRILLION is traded a day.... if we took 1 pip ($0.0001) per dollar traded would generate $660,0000,000 a day. is there a way to leverage this to help support sustainability and society
  • Wendy : I would want to bring the younger generations along. They get left out yet are the ones to be the most affected by the policies we implement in the world. Also they possess a form of intelligence that is complementary to to crystallised intelligence of the experienced contributors. It would need to be considered according to their developmental capacity etc but this is still a nice scaffolding way of approaching it.

meta inquiry for experts

Reflecting Deeper From Multiple Perspectives

Expand your horizons by engaging in critical reflection on each paradigm within the context of fundamental philosophical, political or economic questions


Glean deeper insights through comparative analysis across various approaches to enrich your journey forward.


THE TRANSFORMATION LABORATORY

A Consistent Inquiry Framework


In our upcoming editions, we will systematically develop a cohesive method to analyze, compare, and possibly integrate various economic paradigms that we delve into.

We'll kick off our exploration by framing our inquiries through the lens of a "critical realist" social ontology, focusing on three distinct social entities:

1. Ideals (culture and values)

  • What are the core values and principles that underpin the alternative economic model?
  • How do these principles align with or differ from traditional capitalist systems?
  • What specific policy objectives does this model aim to achieve, or which issues does the model seek to address, e.g., social justice, poverty reduction, changing power dynamics etc

2. Institutions (social and technical structures)
  • In what ways does this model propose to reshape institutions and systems to align with its values and objectives?
  • How does the new model envisage responsibility, power and internal organization of businesses?
  • What are the implications for consumers?

3. People & Transformation (agency, reflexivity and change approach)
  • What strategies are proposed or employed for scaling the model?
  • Are there predefined stages for transitioning from traditional to alternative systems?
  • What is the role of business and business leaders in transformation?
  • What examples exist of real-life experimentation for the model?
  • What lessons have been learned from both successes and failures? 


DIVING DEEPER

Looking for further insights?

Find here additional resources and books related to the session 


Dive into further academic research on performance management.


FURTHER READINGS AND RESOURCES


You want to know more about the Activist Researcher & Developer, and self-proclaimed Uneconomist? Then follow Kees on LinekdIn

We are in the midst of an existential crisis; an entangled clusterfuck of ecological, social, individual and economic crises. To answer these crises, we need a fundamentally new economic system.

What skills are essential to have, if we are going to succeed in changing the world to the better? Kees is looking into what will be the most important human capacities we need to cultivate, to succeed with the green transition that lies ahead.

The aim of this paper is to bring a specific approach, called existential economics, to bear on issues of collective distribution of health care and of personal responsibility in health policies. We intend to show that this approach offers new tools for the critical analysis of the notion of responsibility in health care and opens up new normative horizons for a society structured by existentially lucid “care” rather than mechanistic incentive reasoning.

ARTICLES FROM OUR BLOG


F**k Purpose! 4 Reasons Why New Narratives Cement the Old Status Quo and Avoid the Real Work

F**k Purpose!

4 Reasons Why New Narratives Cement the Old Status Quo and Avoid the Real Work — and Why Good Is the New Black
Embracing the Good Life in Times of Constant Change: In Defense of Stoicism (& Philosophy in General)

Pluralists of all Countries, Unite!

Once upon a time, around 1989, the righteous cavaliers of capitalism trounced the evil communist forces and freed the beautiful Princess of Liberty! “Mankind had reached perfection, thanks to the invisible hand and relentless greed”. Henceforth, neocapitalism ruled with precious splendour and all people shall be living (read: consuming) as mini capitalists happily ever after… WRRRRRRRRONG!!

Curious to see more from our inquiry? A good place to start is our blog with all recent leadership articles and posts.