Can Capitalism Be Compassionate?


The global economy can be confusing and terrifying. Financial experts,
policy makers, and everyday citizens want to know: How will government
policies impact our families and what can we do about it?In his recent
book, “Broken Capitalism: This is How We Fix it,” Ferris Eanfar explains
the state of the global economy and its key problems in a
straightforward, accessible style.”When the 10 largest corporations on
Earth have more combined economic power than 92 percent of all countries
on Earth combined, the 50 largest financial corporations control wealth
equal to 90 percent of Earth’s GDP [gross domestic product], the
richest 1 percent of humans have more wealth than 99 percent of the
world combined, and the eight richest humans have more wealth than the
bottom 50 percent of Earth’s entire population combined . . . it’s safe
to say humanity is in trouble,” Mr. Eanfar says.Mr. Eanfar’s work is
based on over 20 years of unique experience in economics, financial
technologies (“FinTech”), blockchain/cryptocurrency development,
artificial intelligence, and military and government affairs.Three key
points in the book deal with issues of defining value, following a
vision, and managing innovation.Value: Mr. Eanfar notes that money is
not value itself; it represents value. Rather than focusing on money
alone, he advises organizations to focus on theway value flows through
their stakeholder ecosystems, which benefits all parties in the long
run.Vision: “In business and in life, having ‘vision’ is about
accurately assessing current reality, defining steps to achieve specific
goals, and building a bridge between vision and reality based on
discipline and effective execution,” says Eanfar.Innovation: Artificial
intelligence, cryptocurrency, and other technological innovations can be
used for good or ill. Mr. Eanfar dedicates a chapter of the book to the
impact of artificial intelligence [AI] on government and the
economy.”When lightning-fast A.I. controls the political and economic
apparatus of countries through their automated manipulation of social
media and web-based information channels, humans won’t be able to easily
differentiate between policy outcomes that serve their interests and
policy outcomes that serve those who control the A.I. and their
political patrons in the government,” he says.For more information about
the book