The essence of capitalism, as expressed by Milton Friedman, is that “the most important single central fact about a free market is that no exchange takes place unless both parties benefit” and with that assumption, all capitalist activities should be a win-win situation. In an ideal world, where everyone is equal and has equal access to everything, capitalism makes sense and may work splendidly. In our far-from-ideal world, where inequality persists and deepens without control, access is predetermined by genetic lottery with limited winners and most of everything of value is scarce and/or privately hoarded, capitalism has become so much more complicated that nobody knows how to straighten it out. The free market is never orderly and straightforward as the economists describe in books, and Adam Smith’s ‘invisible hand’ has instead slapped us all in the face over and over again in the increasingly entropic free market that keeps delivering us unpredictable and devastating economic busts instead of steady and continuous economic booms.
The differences between the capitalist economy and the NATORZ economy can be illustrated by the two following diagrams and the contrast between the two is stark.
The current capitalist economy overview
The NATORZ economy overview
If the capitalist economy is the catchall for free-for-alls as long as there is money to be made, then the NATORZ economy is one-of-a-kind for predominantly tried-and-true means as long as there is a human need to be met.
If the capitalist economy is predominantly want-based, red, unsustainable and climate change hostile, then the NATORZ economy is predominantly need-based, G.R.E.E.N. (Good for the human Race, Environment, Economy and Needy), sustainable and climate-friendly.
If the capitalist economy is the laissez-faire guided by the invisible hand, then the NATORZ economy is carefully prioritized for the most desperate and urgent physical needs and necessities.
If the capitalist economy is chock-full of bad, indifferent, negligent and irresponsible economic actors, then the NATORZ economy is tailor-made only for good, deliberate, dedicated and selective economic actors.
If the capitalist economy is bloated from all the wasteful misappropriation and misallocation of resources, then the NATORZ economy is streamlined to reallocate resources efficiently for only smart, sensible, responsible and need-based purposes.
If the capitalist economy is murky, polluting and excessive, then the NATORZ economy is clean, G.R.E.E.N. and lean.
If the capitalist economy is demand driven and profit chasing, then the NATORZ economy is need driven and purpose chasing.
By eventually eliminating all the unhealthy and harmful industries and unsustainable economic practices that also exacerbate climate change, the NATORZ economic model is killing at least two birds with one stone: stopping unnecessary industrial carbon pollution while mitigating climate change. Those are the immediate goals of the NATORZ economy that are pressing and non-negotiable because we are on an imminent deadline before the climate tipping point. The bonus is the more idealistic long-term permanent goals that will foster a more sustainable, self-sufficient and resilient human world that will be beneficent for all, including humans, other species, the natural environment and the Planet Earth herself.
Remember the leaky modern-day Titanic reference. In order to prevent her from sinking, finding the holes and patching them will be the first priority, just like stopping the current carbon pollution, and scooping out the water is equally important, just like mitigating climate change. Weatherproofing and reinforcement of the damaged ship will be the more permanent goals, which compare to fostering a more sustainable, self-sufficient and resilient world for the future.
All economies work with these four prerequisites: demand, supply, market and exchange medium (money). The difference between the NATORZ economy and the capitalist economy or between the G.R.E.E.N. and red economy is at the simplest level between the good and the bad economic forces. The G.R.E.E.N. economy will cater to its own G.R.E.E.N. demand, G.R.E.E.N. supply, G.R.E.E.N. market and G.R.E.E.N. money and it is critical that it does not mix with the red economy if possible. The idea is to quarantine the bad elements in the red economy and avoid cross contamination. If the G.R.E.E.N. economy is successful, the red economy beast will eventually starve.
Let us imagine what if…