Economic pluralism

Economic pluralism

Economic pluralism refers to the diversity of business types, and the economic ethos that drives their activities. It recognizes and embraces diversity of economic activity to include Non-profit organizations, Collectives, Sustainability and Cooperatives as well as orthodox economics mostly driven by profit.

Economic Pluralism is scientifically more competitive than Economic Capitalism. Economic Capitalism is based on a zero-sum game - scarce land and the proportionate labor wages (i.e. food, clothing and shelter) the scarce land is able to produce. Economic Pluralism is based on a "whole is greater than the sum of the parts" game - infinite air, water, and light resources and the proportionate human innovation profits (i.e. education).

Theoretically, many different sized businesses (competitive groups) will advance economic efficiency based on increased competition. Pluralism in economics refers to the diversity of competition for scarce land resources. Diversity of size or allowing businesses groups to grow to their most competitive or natural size generates ultimate economic competition. In contrast, economic capitalism incentivizes large group size (i.e. corporations) to scale scarce land and proportionate labor.

Economic Pluralism utilizes Human Innovation to increase the economic value of the indefinite resources of Air, Water and Light, thereby lowering the expense cost of proportionate but scarce land rent and labor wages. Economic Pluralism produces renewable capital in the form of education.

ee also

*Buddhist economics
*Collective
*Cooperative
*E. F. Schumacher
*Natural capital
*Non-profit organization
*Small is Beautiful
*Sustainable development


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