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Published in:
2013 | OriginalPaper | Chapter
2. The Displacement of the Economy
Author : Alexander C. Tsigkas
Published in: The Lean Enterprise
Publisher: Springer Berlin Heidelberg
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Abstract
The economic system governing mass production and mass consumption has reached its sunset. The era of meta-capitalism characterized by the economy of one instead of a mass economy, has appeared as its successor. Wealth creation in meta-capitalism is due to value created by the interaction of individuals with other members of society. In meta-capitalist society, people undertake responsibility for their autonomation – a process coined by the term socionomation. Economics in meta-capitalism is not compatible with those driving mass production and so a new one should be developed, coined by the term socionomics reflecting the new reality. In the new era, growth is displaced to a new topos, where the cost of production is not the differentiating factor and profit must be redefined. This is the way to sustainable growth in a displaced economy.