Thursday, September 10, 2009

Capitalism without Profits.

need to get BWB in Canada. Hope to set up the Canadian division. Have the URL www.socialbusiness.ca. This is where the public will learn about the successful social business that I have been involved in.

I have thought about a book on Social Business. Titled "Capitalism without Profit" Ethics without God

The premise is simple, capitalism would be much more effective if we stopped the backdoor theft of resources via dividends and other escape valves (high bonuses and stock options). The new economic order has the labour at the centre using technology to reduce the cost of goods to consumers while enhancing the quality of life for the worker.

I fortunately have seen this in action on Bay Street here in Toronto, Ontario. My work with the Public Guardian and Trustee has seen the income paid to clients increase by a factor of 5 to 10 and the cost of investment funds reduced by a factor of at least 8. On a billion dollars that works out to $10s of millions of dollars a year going to our disabled clients instead of bank profits and overhead. My goal would be to see these financial products and services available to the consumer. We also have the top financial planning department to serve the thousands of clients we have.