Genesis of the Concept of ‘Equitism’ as the “Successor
System” to Capitalism -- GLOBAL STRATEGIC HYPOTHESES.
Dear Readers,
GLOBAL STRATEGIC HYPOTHESES:
The genesis of our F.E.D.
concept of ‘Equitism’ as successor system to the present, [state-]capitalist
system of political economy [including to state-capitalist pseudo-socialism] was linked to several connotations of
this term. The term ‘Equitism’ has
name-resonance with the name of the tradition of “Equitable Jurisprudence” in
Anglo-American law.
Growing out of the “Crown Chancery” in England [the Office of the Crown
“Chancellor”], there emerged separate courts of equity, or “courts of
conscience”, to which appeal could be made from judgments by those courts
enforcing common law and statute law when a defendant held that a judgment
rendered by such a common law/statute law court, while in accord with “the
letter of that law”, represented a morally inadequate remedy, and thus violated
“the spirit of the laws”, therefore, per that defendant, failing to deliver
“true justice”.
In the U.S., the two, separate kinds of courts where merged into one, and the
convergence of their principles begun, with U.S. courts “presiding in [both]
law and equity”, and allowing “equitable” arguments and remedies, as well as
“technical” arguments, and [strictly monetary] remedies. There have been homologous developments in
the tradition of Napoleonic/Roman law.
In recent parlance, the term “equitism” is often used to refer to “gender
equity”, as a “synthesis”, or “mean”, of feminism and “masculinism”. It is sometimes also used to name a
“synthesis”, or “mean”, between egoism and altruism. There was, earlier in American history, an
individualist “equitist” movement for the amelioration of property rights injustices.
But most importantly, the term “Equitism” is meant to invoke the concept of
“Capital Equity”, and the tradition of “Stockholder Democracy”
[“one-share-one-vote”] that follows from it.
“Capital Equity” rights -- rights exclusively reserved to owners of
capital [of “capital equity stock”] -- are seen as a “first [and inadequate]
species”, but as a first modern seed, of “Economic Democracy”, as
distinct from “Political-only
Democracy”; are seen as the embryo of a more extensive and all-citizens-inclusive
form of “Stakeholder Democracy”, and of ‘Political-ECONOMIC DEMOCRACY’
as a whole.
‘Equitism’ is seen as “generalized social equity”; as “generalizing”
social equity, to beyond the small class of owners of “controlling shares” of
capital equity, to encompass the whole society, including every citizen, by
constitutionally endowing each citizen, as a human right, with the ownership of
new kinds of equitable “property”.
This “generalization” of
equity is seen as a remedy For the catastrophic but predictable, “lawful”
tendency of capitalist “political-only”, representative democracy, to
degenerate into totalitarian, state-capitalist, police-state dictatorship, as
capital continually concentrates into ever fewer hands, as we are now seeing so
egregiously today.
That concentration of capital-equity ownership eventually enables those “few
hands” to prostitute -- to ‘“buy-out”’, in a ‘“hostile takeover”’, via an
all-pervasive system of ‘legalized crime’ as ‘‘‘legalized bribery’’’ -- the
executive, legislative, and judicial branches of political government.
This ultimate “M&A” will thus totally defeat the constitutional
“checks-and-balances” among those three, political, branches,
“checks-and-balances” which were constitutionally designed to prevent this degeneration,
and that were at least somewhat effective in doing so during the earlier phases
of capital accumulation and concentration.
The ‘Equitist’ reform/revolution is seen as a ‘generalization’ of “Capital
Equity”, forming a social ‘genus’ of Equity, by adding, via constitutional
amendments, several new, inclusive ‘species’ of Equity, as newly recognized
universal constitutional human rights.
‘Equitism’ is a ‘constitutionalization’ of ‘‘‘stakeholder
democracy’’’ -- a ‘constitutional institution-ization’ of ‘‘‘stakeholder
democracy’’’.
Social Equity -- Social Justice -- requires ‘Universal
Equity’; every-citizen-ownership of three new kinds of equity-property, as a
matter of human right.
These new species of equity-property include:
(1) The [collective property] human right of Citizens’
Externality Equity [which can be seen as a collective property implementation
of the so-called Coase “theorem”:
decentralized, comprehensive, democratic, ‘grassroots regulation’ of
polluters];
(2) The [personal property] human right of Citizens’
Birthright Equity [universal ‘socialized trust-funds’], totally portable,
unified social safety nets for each citizen born, serving as a source for
monthly guaranteed minimum annual income payments during periods of involuntary
unemployment, and;
(3) The [“individual property”] human right of Citizens’
Stewardship Equity [via ‘socialized venture capital’], granting access to means
of production to, potentially, every citizen -- to citizens self-organized into
democratically self-managed, COMPETING ‘socialized producers’ cooperatives’
that promulgate qualifying business plans, and that successfully enlist a
Social Bank, also a Citizens’ Stewardship Equity ‘socialized producers’
cooperative’, to take the risk of backing/funding that business plan. [This
conception, of ‘Citizens’ Stewardship Equity’, owes an intellectual debt to the
work of David Schweickart].
The citizen owners of successful such cooperatives hold
their means of production as social property, in stewardship, not in local
ownership, and pay a monthly social rent for its use that helps to fund the
Citizen Birthright Equity personal Trust Funds of all citizens. Each citizen co-owner of a successful such
cooperative receives two incomes from it:
[possibly unequal, skills-based] compensation for
time worked for that cooperative, and an equal share of the net operating
surplus of that cooperative. Continuing
capitalist firms will have to compete, for labor-power, with these
cooperatives.
The dual incomes earned by Citizen Stewardship Equity
producers’ coop co-owners will shift economic power, and social power -- hence
political power -- decisively to the working class majority, and out of the
“ever fewer hands” of the concentrated, mega-capital ownership plutocracy
faction who presently rule globally, and who presently push public policy relentlessly
in the direction of a ‘humanocidal’ [“people are pollution”] police state
dictatorship.
For more about these ideas, see --
Regards,
Miguel Detonacciones,
Member, Foundation Encyclopedia
Dialectica [F.E.D.],
Participant, F.E.D. Special Council for Public
Liaison,
Officer, F.E.D. Office of Public Liaison.
