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As an economic system, capitalism has been the driving force behind tremendous global prosperity and innovation. However, it has also faced criticism for its negative impacts on social inequality, environmental degradation, and the concentration of wealth and power. Recognizing the need for change, many individuals and organizations are advocating for the transformation of capitalism. 

In this thought-provoking episode, we delve deep into the topic of transforming capitalism to create a more sustainable and equitable future. Join us as we explore the inspiring stories, innovative ideas, and groundbreaking initiatives that are reshaping the capitalist landscape. We cover transforming capitalism into the Next Economy and unpack the complexity of the systems that need to change. We explore the steps required to transform the economy, why government systems need to change, and why the existing education system needs to be altered. We also discuss democratizing media, what Next Economy Living is, how LIFT is helping, and more.

Whether you’re an entrepreneur, a socially conscious consumer, or simply curious about the potential for capitalism to evolve, this episode offers an enlightening and inspiring exploration of the possibilities that lie ahead. Tune in, and be part of the conversation as we navigate the transformative journey toward a brighter economic future!

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Key Points From This Episode:

•   Unpacking the concept of transforming capitalism. [0:01:45]

•   Transforming the “business as usual” economy into the Next Economy. [0:08:45]

•   Why and how government needs to change to create the Next Economy. [0:15:00]

•   Another essential system that needs to transition: education. [0:20:37]

•   The role of media in altering capitalism. [0:27:23]

•   Land ownership and systems of private property that require alteration. [0:32:35]

•   Transitioning cultural aspects into the Next Economy. [0:37:06]

•   Basic steps and benefits of developing the Next Economy. [0:41:47]

•   Overview of how LIFT is helping develop innovative solutions. [0:47:22]

•   An important final takeaway for listeners. [0:58:48]

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Tweetables:

“We know that [capitalism] as it is currently manifesting is not working. It is causing tremendous harm and tremendous inequality.” — Erin Axelrod [0:04:26]

“Transformative change in the context of the Next Economy means that just swapping out the institutions will be limited.” — @kevinbayuk [0:10:52]

“Government has been one of the mechanisms of regulation and subsidy, which has largely been captured by ‘business as usual’ interests.” — @kevinbayuk [0:17:11]

“Education, as we commonly know it, is actually compromising a lot of our ability to train effective players in a changing world and a changing climate.” — Erin Axelrod [0:23:14]

“We have to question this pattern of consolidation of wealth through hoarding land. That is systemically happening to this day.” — Erin Axelrod [0:33:25]

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Links Mentioned in Today’s Episode:

Phoenix Soleil: https://phoenixsoleil.mystrikingly.com/

The Next Egg: https://www.thenextegg.org/

Force for Good Fund: https://www.lifteconomy.com/forceforgood

Kevin Bayuk on LinkedIn: https://www.linkedin.com/in/kevinbayuk/

Kevin Bayuk on Twitter: https://twitter.com/kevinbayuk

Erin Axelrod on LinkedIn: https://www.linkedin.com/in/erinaxelrod/

The Next Economy MBA: Redesigning Business for the Benefit of All Life – https://www.powells.com/book/-9781523002573

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LIFT Economy Newsletter

Join 8,000+ subscribers and get our free 60-point business design checklist—plus monthly tips, advice, and resources to help you build the Next Economy: https://lifteconomy.com/newsletter

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Next Economy MBA

This episode is brought to you by the Next Economy MBA.

What would a business education look like if it was completely redesigned for the benefit of all life? This is why the team at LIFT Economy created the Next Economy MBA (https://lifteconomy.com/mba).

The Next Economy MBA is a nine-month online course for folks who want to learn key business fundamentals (e.g., vision, culture, strategy, and operations) from an equitable, inclusive, and regenerative perspective.

Join the growing network of 350+ alumni who have been exposed to new solutions, learned essential business skills, and joined a lifelong peer group that is catalyzing a global shift towards an economy that works for all life.

Learn more at https://lifteconomy.com/mba.

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Show Notes + Other Links

For detailed show notes and interviews with past guests, please visit https://lifteconomy.com/podcast.

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Music by Chris Zabriskie: https://chriszabriskie.com/