Polina Silakova, a member of our Emerging Fellows program accomplishes her blogging mission successfully in 2018 by publishing an interesting post. The views expressed are those of the author and not necessarily those of the APF or its other members.
People introduced tickets as a mechanism to control access to limited goods and services. We are surrounded by tickets. A ticket on a plane reserves us a seat in a machine which will take us to new horizons. A visa allows us to stay in a place that is usually attractive enough to create an artificial contest for the right to be there. A membership provides you with services not available to others. You invest – you get access to an opportunity. If we are in a lucky position, we can choose the ticket and the destination. If we overlay this concept with the idea of a variety of possible futures awaiting us ahead, a ticket to which future do we want to get?
Over the past 12 months, we discussed this by looking at potential pathways for the post-capitalist economy. We were especially keen to know whether the universal moral values or the capitalistic cult for possessions will guide our future. The search for the answer took us to different corners of the planet where people’s responses to the side-effects of capitalism are sparking hope that we might be heading towards a better future.
We saw young entrepreneurs jumping off the big and clumsy steam train of global corporations (successful if measured by their share price), because these people could not agree with the direction that they were heading towards. In the smog from ever increasing unsustainable production, they could not see the purpose to align with. We applauded to the municipalists movement in Barcelona, who understood that improved equality and long-term sustainability will make citizens happier than infinite growth benefiting a few. Not only they challenged the current understanding of democracy, but could demonstrate already in the first couple of years that their approach is working. We even joined a hearing in a US courtroom, where boys and girls from iMatter, already at a young age have become disillusioned with their government’s ability to protect their needs and those of future generations. They refused to accept tickets to the future valid only till the end of the government’s election term.
These steps towards the increased consciousness plant seeds of hope that the next iteration of economic system will be more sustainable and just. And yet, the embodiment of this hope to a greater extent depends on the choices that powerful global businesses will make. Many quoted this year’s annual letter from the CEO of BlackRock – one of the most influential global investment firms. It stated that following new expectations from customers and community, they are now evaluating companies based on their response to “broader societal challenges” and whether they “serve a social purpose.” The New York Times called the letter “a watershed moment on Wall Street” raising “questions about the very nature of capitalism”.
The question remains though: what is driving the companies to make this shift? Does it happen out of fear to lose customer trust or investors’ support, with profit remaining the underlying motive? If so, how significant can this social impact be? Does it become just another marketing tool for the same old endgame: more sales, more growth, more money?
Even then – we could hope – this shift could take us a little closer towards a more positive version of the future. Remember the coffee-cup example from our previous posts? Initially driven by a bunch of innovators, reusable coffee cups are now conquering the world, helping it to become a tiny bit more sustainable. Similarly, the new generation of businessmen growing up in the environment where creating positive social impact is becoming a norm might nurture values quite different to those ruling the capitalistic economy. In the face of increasingly challenging global issues, these values will help them to genuinely engage in revisiting unsustainable business models.
To what type of future humanity is heading depends on the tickets that each of us will choose. These tickets are a combination of choices that we make every day. These are our “investments”, each associated with a specific type of future. Can I give an example? Here you go.
We started this series just after last Christmas and as we finish it, the new Christmas season is approaching. If you are wondering what choices you could still make this year to contribute to a “good future destination” ticket, think of your Christmas presents. Consider not buying new stuff. Give your loved ones experiences. Give surprise visits to people you haven’t seen for a long time. Give them your time and take them for a walk in a forest. Give them a ticket to joyful moments of life – they will never end up in landfill.
© Polina Silakova 2018