Intellectual Capitalism

Capitalism is allowing individual choices and free market competition to determine exchange flow and set value/pricing. The converse of capitalism, called socialism, attempts to control exchange and pricing by applying ethical analysis to create rules and regulations intended to enhance conditions and outcomes for everybody. Basing the control of economic interactions on ethics sounds good, but in practice, it means a central planning committee that limits scope and vision and pools power, usually devolving into tyranny. Capitalism allows any idea to be tried, spawning innovation and testing the viability of new ideas by application, but can also promote greed.

Intellect is the ability to apply thinking and analytical reasoning to correctly solve problems. Intellectual development is the process of growing those thinking and reasoning abilities and refining them to make them more effective. When the output of thinking and reasoning is considered to be valuable, we call it intellectual property.

Applying the concept of capitalism to the accumulation and development of intellect is a good fit. Both processes are inherently problem solving methodologies. Capitalism encourages free form and innovative problem solving by allowing un-regulated exchange flow and motivates toward correct solutions by offering the reward of potential wealth. While we tend to think of capitalism as being focused on growing wealth, that focus can be changed if some other factor can provide similar motivation. And overall production depends upon the accuracy of the problem solving component.

The world of scientific research is supposed to be ruled by a rigor of scientific method, a free exchange of ideas, and competition based on truth and success. But too often, it devolves into a socialistic central planning paradigm where committees design parameters of success and acceptability, automatically eliminating ideas that are considered radical.

SEE ALSO:
The New Rennaissance
Exploratory Engineering
A Surplus of Abundance
Complex Order From Simple Interactions

Comments are closed.