Community Capitalism

State capitalism = China

State capitalism is usually described as an economic system in which the state undertakes commercial (i.e., for-profit) economic activity, and where the means of production are organized and managed as state-owned business enterprises (including the processes of capital accumulation, wage labor, and centralized management), or where there is otherwise a dominance of corporatized government agencies (agencies organized along business-management practices) or of publicly listed corporations in which the state has controlling shares.^[1] Marxist literature defines state capitalism as a social system combining capitalism—the wage system of producing and appropriating surplus value—with ownership or control by a state; by this definition, a state capitalist country is one where the government controls the economy and essentially acts like a single huge corporation, extracting the surplus value from the workforce in order to invest it in further production.^[2] This designation applies regardless of the political aims of the state (even if the state is nominally socialist),^[3] and many^[quantify] people argue that the modern People's Republic of China constitutes a form of state capitalism^[4][5][6][7] and/or that the Soviet Union failed in its goal to establish socialism, but rather established state capitalism. -source-

 

Private capitalism = USA 

In societies where the private capitalist organization of production prevails, the workers – the vast majority of the people – must live with the results of capitalists’ decisions in directing enterprises. However, they are allowed no general participation in those decisions. Sometimes, workers, alone or allied with others, can influence capitalists’ allocations of an enterprise’s surplus. If, for example, workers threaten job actions while consumers threaten to boycott an enterprise’s products, their alliance might achieve changed surplus allocations to meet their respective demands. These might include, for example, job-site daycare facilities for workers’ children, medical insurance for workers and their families, and even pay supplements beyond basic wages. Capitalists recognize, in such cases, that the reproduction of their enterprises requires allocating some surplus to such usages. Source

Community capitalism = ?

is an approach to capitalism that places a priority on the well-being and sustainability of the entire community, not just the lucky few. The community could be a metropolitan area, region, or an entire country. Other terms for community capitalism include 'sustainable capitalism', 'stakeholder capitalism', and 'family capitalism'. In 1997 The American Assembly published a report titled "Community Capitalism: Rediscovering the Markets of America's Urban Neighborhoods", which they distributed to business leaders, President Clinton, cabinet members, members of Congress and governors, and the general public. In 2013 George R. Tyler published the book What Went Wrong: How the 1% Hijacked the American Middle Class . . . and What Other Countries Got Right, which describes the 'Community Capitalism' models (which he terms Family Capitalism) used by countries that have helped their citizens to prosper, despite the forces of globalization. He contrasts the experience of the U.S. over the past 30 years to that of Australia and the major nations of northern Europe (Austria, Belgium, Denmark, France, Germany, Holland and Sweden). In the United States, there is a growing awareness by citizens across the political spectrum that the Laissez-faire model of capitalism is fundamentally flawed. By reframing the debate around how we can leverage the positive aspects of capitalism to strengthen our communities, the hope is that the country can move beyond partisan politics and towards a collective plan of action. -source-

NOTE: Community capitalism was studied, tried and tested in laboratories of experimental economics by LFT in Australia. With it they have generated a method of micro or nano personal economics using the Internet tools to foster economic development without creating debt.