Revisiting People's Capitalism from First Principles

Abstract

The logic of people’s capitalism is explained from the giant contradiction between the assumptions of economics and those of non-ego based behavior. Current social scientific research provides enough of the theory, facts, and figures necessary for various methods, many inter-related, by which people’s capitalism can be theoretically developed. Some of these methods are discussed in general. But, due to the contemporary state of the US politico-economic system, people’s capitalism will not be implemented, naturally giving rise to the emergence of a new world religion probably somewhere in the Middle East-Mediterranean area. This suggests that traditional theology in existing world religions is fundamentally mistaken. The very idea of theology as a field of study is questioned and an argument is advanced that theology should preferably be abandoned.