“Peoples’ Capitalism” has been an elusive ideal since the 1970’s. The right infrastructure can finally realize inclusive, equitable, competitive-but-supportive, growthful, market economies, with far-ranging impacts.
Atomized activity
If successfully executed, and widely adopted, a system like POEMs (Public Official E-Markets) should deliver growth through these high-level trends across a regional micro-economy:
- Maximization: Skills, assets, and finance otherwise too overhead laden to come into the economy become available to buyers through markets with ultra-low charges and minimized transaction risks, plus enhanced access to demand and deep data.
Granularity: Micro-economic activity moves towards smaller units, creating more fine-grained data, precision interventions, better alignment with needs, and more efficient deployment of resources, old or new.
- Innovation: New services can be trialed easily by anyone. Data from adjoining sectors is plentiful, market-entry costs negligible, and trading overheads microscopic. Tools, facilities, or workers can be procured by-the-hour then scaled with demand.
To illustrate the breadth of these “Peoples’ Capitalism” factors across an economy, we offer 5 specific impacts in each of 5 typical priorities for economic fairness and efficiency:
→ Greening the Micro-economy: Localized, circular, responsive, incentivizing experimentation.
→ Lifting the Left-behinds: Impartial ladders, safety nets, personalized interventions.
→ Crisis Response: Early interventions, mobilizing of resources, local controls.
→ Precision Government: Uniquely adaptable and accountable, hyper-local controls.
→ Regional Competitiveness: Stability, alignment; a lure for inward investors.