Who wants to be a Post-Capitalist, Blockchain Entrepreneur?

Instead of passively protesting their dissatisfaction with business as usual, these post-capitalist entrepreneurs are fighting back with new organizational models that they hope can be part of the solution to these complex problems. Author, Boyd Cohen further explains helpful knowledge to navigate this new capitalist paradigms. 

Who wants to be a Post-Capitalist, Blockchain Entrepreneur?

The growing number of calls for challenging our assumptions about the benefits of capitalism cannot be ignored. The Occupy Movement may have provided some of the loudest voices but that dissent has not been limited to activists. In recent years, billionaires who gained their wealth by optimizing capitalist markets for personal gains, such as Nick Hanauer and Elon Musk, have voiced their concerns regarding the lack of wealth distribution in capitalist markets.

While many around the world are sounding alarm bells regarding capitalism´s impact on growing inequality, climate change, factory and transportation pollution, especially in urban areas and more, a growing number of technology-enabled citizens are deciding to take matters into their own hands. Instead of passively protesting their dissatisfaction with business as usual, these post-capitalist entrepreneurs are fighting back with new organizational models that they hope can be part of the solution to these complex problems.

So, if you aspire to be part of the solution what do you need to know about such new organizational models, what paradigms of capitalism must you be willing to challenge? Here is but a short list emerging from my latest book, Post-Capitalist Entrepreneurship.

  • 1)Develop for the commons. Forget everything you think you know about the importance of intellectual property and patent protection. Instead, in a post-capitalist economy, entrepreneurs embrace open innovation and are willing to freely share their innovations in the hopes of better diffusion of their ideas.
  • 2)Embrace collaboration and networked organizations. In abandoning proprietary approaches in favor of open source, post-capitalist entrepreneurs seek to open their organizations to allow for users to be involved in everything from governing their platforms to shared ownership and revenue distribution. Think more platform cooperativism, less platform capitalism.
  • 3)Think locally, interconnect globally and leverage emerging technologies. In the past, many attempts to rethink capitalism have been highly local in nature, and at times may have had some success locally but not scaled to a point where a viable alternative has emerged. For example, many local paper currency movements around the world have made some impact on supporting local economies and local businesses but have not challenged global capital market dominance. Cryptocurrencies and blockchain-based initial coin offerings now make possible a future where fiat currencies backed by governments no longer dominate economic activity.

While all of these concepts may seem unrealistic, I promise they are already happening and are being led by visionary entrepreneurial communities across the globe that are interconnected via emerging technologies such as blockchain which promise the potential for a more distributed, inclusive economy. In my book, I discuss a range of new types of entrepreneurs from those starting certified B Corporations to blockchain-enabled platform cooperatives, distributed autonomous organizations and initial coin offerings.

Boyd Cohen obtained his Ph.D. in entrepreneurship and strategy from the University of Colorado in 2001. Since then he has been a professor of entrepreneurship in Canada, Chile, Argentina and now Spain. He published his first book Climate Capitalism, in 2011, his second, The Emergence of the Urban Entrepreneur in 2016 and now Post-Capitalist Entrepreneurship. Dr. Cohen is currently Dean of Research at EADA Business School and Universitat de Vic in Barcelona.