Economist Wayne Perg writes:
“Human evolution is reaching a breakpoint as the rate of change accelerates to the point that machine-model organizations with their static processes are becoming nonviable. A different model with dynamic processes is required for business, financial and governmental institutions and systems if they are to be able to thrive in a rapidly evolving world. That model, proven over countless millennia in nature, is the biological model.
“In this essay I put forth my vision of the new financing instruments and the new ownership and financial structure that will be required by the operating principles and organizational structure of a biological-model business.
“I demonstrate that the two primary present financing instruments today – common equity (common stock) and debt – are not consistent with the operating principles and organizational structure of a biological-model business. Then I present new financial instruments and my vision of new ownership and financial structure that are consistent with the needs and principles of biological-model businesses.
“In addition to financing instruments and new ownership and financial structures, I put forth my ideas of the requirements for creating a successful biological-model business. These requirements include: 1) workers who choose to learn and change; and, 2) supporting (and investing in) workers in their process of personal change and growth.
“My experience of the operating principles of personal (and spiritual) change and growth is that they are the same as the operating principles of biological systems. Indeed, the two operating principles of biological-model organizations highlighted in this essay – letting go of control and 100% responsibility – have been, and continue to be, key principles in my process of personal change and spiritual growth.
“The principles of letting go of control and 100% responsibility are highlighted in this essay because of their importance in demonstrating the inconsistency of present financing instruments (and their associated financial and ownership structures) with the operating principles and organizational structure of biological-model businesses.
“In the process of writing this essay I discovered a new understanding of the connection between the principle of letting go of control and my goal of increasing productivity to create a world of unlimited wealth. This new understanding changed my understanding of productivity and its relationship to efficiency that I learned in my professional training as an economist.
“I have included my new understanding in this essay. It supports my belief that changing to a biological model for business and finance can make possible unlimited increases in productivity and manifest my vision of a world in which every person has the opportunity to choose prosperity, joy and personal growth while living in harmony with mother earth.”
You can read Wayne Perg’s full essay here …