Notes on a Work Free Society has been posted to Creative Capitalism project
The blog is part conversation, part collective publishing project, designed to address billionaire Bill Gates’ concept of Creative Capitalism.
As Kinsley sums up Gates’ idea:
Despite his move from capitalism to philanthropy, Gates believes that some of the world’s problems — especially the problems of the world’s poorest countries — are too big to be solved by philanthropy. Only capitalism can address them successfully. But — as he argued in a speech at Davos in January — capitalism is much better at serving the needs of the the prosperous than the needs of the poor. He goes on to argue that capitalism needs to be, and can be, reformed to solve this problem. He called this new system “creative capitalism.”
So why isn’t his approach — make the money, then give it away; “to every thing there is a season,” and so on — the right approach? That is one question raised by creative capitalism. There are others. Wouldn’t the small-d democratic approach be: make the money and then tax part of it away? When corporations start giving money away or devoting it to good works, aren’t they cheating their shareholders? (That was Milton Friedman’s position, you won’t be surprised to hear.)
To explore these questions, I’m producing a book. And “producing” is the right word. This is a literary experiment as well. The book will be derived from a private website and a public blog in which economists and others debate whether “creative capitalism” is meaningless, dangerous, useless, maybe useful, very useful, or brilliant. Anyone interested is welcome to join in at creativecapitalismblog.com. As the project progresses other contributions to the book will be published on this site and perhaps elsewhere — all in the spirit of web collaboration. The book will be out by the end of the year.