Abstract
A substantial proportion of the world’s population is dissatisfied with the way the global market-based economy operates. In particular, the desire of consumers to pay as little as possible for a product and the desire of producers and investors to make as much profit as possible, lead to actions that drive down wages, undermine social welfare and damage the environment. To counteract this, we propose that the millions of consumers who wish to change the market adopt a combined buying and investing strategy that we term buyvesting in which “ethical” would become the new “profitable”. We use a learning program to illustrate the buyvesting proposal, which we discuss with respect to the concepts of competitive coherence and shared reality theory.
Highlights
According to one popular description “A market-based economy is where goods and services are produced without obstruction or interference etc.” [1], this absence of constraints results in several questions that trouble millions of potential investors
What are the factors that affect the infiltration step and what are the factors that affect the subsequent recruitment of other members of the Club to the Board? Is the probability of a Club member getting onto the Board increased in a time of crisis? Does this probability increase if the people in the system have many connections between one another so that there is likely to be a connection between the Board and the Club? Is strengthening the connections between members of the Club sufficient to change the composition of the Board? Can change be effected progressively without the performance of the company suffering?
At the same time as this crisis, the connectivity strength between Club members was increased 20-fold, the number of interconnections between Club members was increased so that most Club members were connected to other Club members, and, a single member of the Board was replaced at random by a Club member for a 100 time steps to simulate the effects of protracted turbulence of the Market
Summary
According to one popular description “A market-based economy is where goods and services are produced without obstruction or interference etc.” [1], this absence of constraints results in several questions that trouble millions of potential investors. How can they buy the cheapest products and yet preserve decent working conditions, ensure taxes are paid, and protect the environment? Such altruistic motivation leads large numbers of internauts to attempt to change the behavior of companies via online petitions, orchestrated boycotts and political activism This altruism is itself at complete variance with the values driving the global economy and risks being ineffectual. Neural networks have been widely used in economics [9] and, we use a type of neural network to try to evaluate the efficacy of this combination of buying and investing [10]
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