The Institute For Living

Tag: free market

Moving from a Fear Based Economy to a Love Based Model

by on Aug.11, 2011, under Core Values, News Commentary, Politics/Economics, Spirituality

This post was originally written over 16 months ago, but in light of current events, it seems to be appropriate to re-post it. Often we do not like to consider the raw truth of our affairs, but healing begins with unvarnished disclosure.

Here is the original post:

There has been much talk in recent months about our free market system and socialistic threats to that model. While no one suggests that there is really a “this-or-that” dichotomy, most of the participants in the debate are simply afraid that we are moving too far too fast away from the free interplay of capitalistic forces to a controlled economy. That is certainly a fair debate. As with so many debates, some of the positions people take start to get dangerously close to “sacred cows” for various stakeholders, and then passions are ignited.

What we want to consider, though, is that the basis of the argument itself may be from a perspective rooted in fear. As with so many aspects of our lives, when fear drives our decisions, we do not make the best decisions — although we might think we are doing so at the time. One of the best examples is a driver whose car starts to skid. Their fear causes them to slam on the brakes and steer in the direction that appears to be appropriate, although it will only put them in greater danger. Their fear based response makes them incapable of good decision making. Personal relationships are replete with such examples. One such example is the person who is caught in an abusive relationship but is afraid to venture out into the abyss of unknown alone-ness and possible new relationship.

This fear based captivity directly affects our behavior in the marketplace. We are the same characters in the bedroom that we are in the boardroom. And our virtues are no different.

So, then, what are we afraid of?  Even when the free flowing forces of capitalism are working just fine, isn’t fear underpinning the success or failure of that system? For example, fear that housing prices will rise causes people en masse to  go out and purchase houses — thus creating an upward pressure on prices. Fear that company XYZ’s stock price will decline causes its shareholders to sell — thus creating a downward pressure on its price.

Competition among participants in a given industry is all based on fear. The fear that one competitor will gain market share over the other causes a variety of behaviors to combat that outcome. So fierce has been the behavior in this category that the SEC has been required to regulate activities, under the umbrella of “combinations in restraint of trade” and other oversight. Price cutting, price fixing, collusion, and a number of other behaviors have been used to combat the fear that competitors carry that they will lose in the game of market share vis-a-vis their industry rivals.

All of this comes about because of the core value of WIFM (What’s In It for Me). In order to preserve the “sacred cows” for all stakeholders, we must embrace a new system. Whether we have a free market system without intervention or a completely supervised and regulated system, it will still be fear-based. At its core is the fundamental question WIFM? On February 9, we published an essay titled, Love and Its Opposite. In that essay we established that moving from self-centeredness to love is the key to unlocking greater capacity.

The creative spirit that we call God — or some choose to call by other names — is love. God is love. Fear and love stand at opposites, one destroying the other. When we have a model that is fear based, it is inevitable that we will create conditions of unsustainability. It is like a mother eating her own children, rather than nurturing them.

Of course maybe fear is a reasonable precursor in the dance of love. May be without fear we cannot make the journey into love with all its wonder and all its splendor.

 

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