Remaking the Real Economy EscapingDestruction by Organised Money : Escaping Destruction by Organised Money

The fundamental distinction is made between the real economy and the financial. The financial economy came into existence to serve the real economy, but led by false neoclassical microeconomic theory, it has become predatory on the real economy. Rather than seeking to correct the false theorising, this book sets it aside in its entirety, focusing instead on practical realities. A Deming based systems analysis is provided of organisational systems, their individual components and their interactions with the social and ecological macro systems within which they operate. Those organisational systems serve the real economy which is recognised as having three distinct layers, each requiring a very different approach for their effective service. The social-infrastructural layer is a mandatory state responsibility, rather than being voluntary and competitive. The progressive-competitive layer, served largely by private for-profit organisations, depends on its competitive characteristics being protected and energised. The technological-revolutionary layer is best served by a collaborative involvement of both private and public organisational systems developing and applying new technologies to generate economic progression including the necessary sustainability revolution. Required actions are identified for that remaking of the real economy and escaping destruction by organised money. Appropriate measures of progression are proposed to replace the current orthodox measures such as GDP and its growth. Practitioner Notes provide examples of the practical realities of organisational systems in both the real and financial economies, demonstrating the inadequacy and falseness of neoclassical modelling and the destructiveness of its prime beneficiaries, organised money. Front Cover Remaking the Real Economy: Escaping Destruction by Organised Money Copyright information Dedication Table of contents List of abbreviations Preface Part I Where are we now? 1 The ‘witchcraft’ and ‘institutional truths’ of 21st century neoclassical belief Introduction Understanding by observation The ‘science’ of neoclassical theorising The Mont Pelerin influence The institutional truth of shareholder primacy 21st century neoclassical belief Conclusions 2 ‘Old enemies of peace’: constituents of organised money Introduction The emergence of predatory finance Financialised business Supportive strands of academia The media The political sector Conclusions 3 Resulting profound wrongs, destructions, inequalities and frauds Introduction Financialising real economy organisations Financialised culture and extraction of value Fraud and criminality Inequalities of wealth and income Ecological destructions Conclusions Part II Where do we want to get to? 4 Democratic commitments to sustainable progression Introduction Environmental stewardship Human rights Equal opportunities Social balance Balance and the real economy A rising rebellion Conclusions Part III How do we get there? 5 Real people: engines of enterprise Introduction Hierarchies of human need Motivation and demotivation The management science of human relations The leadership question The money problem Conclusions 6 Organisational systems and their coordination Introduction Organisational system characteristics and processes Systems life cycles Coordination of system components Organisational system ownership and control Real competition and its protection Pretend competition and its failure Conclusions 7 Organisational systems interactions with the real economy Introduction The social–infrastructural economy The progressive–competitive economy The technological–revolutionary economy Systems innovation, strategy and culture Technological revolutions The necessary sustainability revolution Conclusions Part IV Action 8 Systemic action for progression without destruction Introduction Environmental stewardship and the global imperative Rebuilding the social–infrastructural economy Re-establishing the progressive–competitive economy Refocusing the technological–revolutionary economy Restoring progressive taxation Restraining organised money Displacing neoclassical belief Conclusions Part V How are we doing? 9 Measures of real progression Introduction GDP growth metrics Sustainable development Real economy progression Democratic protection and renewal Organised money restraint Neoclassical belief displacement A revised agenda: corporate purpose beyond profit? Conclusions Practitioner notes on real organisational systems Index Back Cover Debunking the myths around the current economic belief systems, this book reveals how mainstream perspectives work for the benefit of the organised money establishment, while causing all manner of destructions, inequalities and frauds, all conspiring against the common good. Focused on the realities of organisational systems, Pearson offers a practical alternative to economic dogma. Written from a distinctive perspective that combines practitioner and academic expertise, this book is structured as a simple model of business strategy and identifies necessary systems change in order to achieve a truly sustainable future. -- Provided by publisher

Debunking the myths around the current economic belief systems, this book reveals how mainstream perspectives work for the benefit of the organised money establishment, while causing all manner of destructions, inequalities and frauds, all conspiring against the common good. Focused on the realities of organisational systems, Pearson offers a practical alternative to economic dogma. Written from a distinctive perspective that combines practitioner and academic expertise, this book is structured as a simple model of business strategy and identifies necessary systems change in order to achieve a truly sustainable future.

Debunking the myths around the current economic belief systems, this book reveals how mainstream perspectives work for the benefit of the organised money establishment, while causing all manner of destructions and inequalities which work against the common good. It offers a refreshingly simple business strategy model for a truly sustainable future.