Wikicapitalism is primarily a business practice that connects the dots between the inequality dynamics of companies, groups of companies (markets and sectors), societies, and disruptive high tech tools and processes that shed light on inequality in a way that boosts long-term performance.
The theory builds on the core insight regarding market-centric economies that was originally laid out by Adam Smith in The Wealth of Nations: that promoting and sustaining strong competitive dynamics between market suppliers is in the long-run interest of those companies, their markets and entire nations by extension. Robust competition and extreme inequality are mutually exclusive. Measuring and maintaining an optimal level of centralization within a business, a market, or a country is hard work that never ends, however, due to a variety of factors.
The elevator pitch for wikicapitalism is that the efficiency of social systems can be enhanced if the needs of long tail customers get served more completely, if mass customization techniques and big data insights are brought to bear more effectively on business processes (especially on product/service innovation), and when process steps and supply chain parties that don’t add value are disintermediated more quickly – and the implementation of wikicapitalist norms helps in all three cases. Wikicapitalist organizations, a growing body of research shows, are often better mousetraps than the competition. The regulation and fine appreciation of inequality dynamics is partly about the identification and elimination of centers of systemic risk, which every power bottleneck inherently represents.
Wikicapitalism is about dusting off and applying the very old school principles of efficient markets to 21st century companies, industries and national governments – and doing so with an understanding of the latest capabilities afforded by the Internet and related high tech tools and processes. Aspects of the practice are use by thousands of American and international well-known companies in and around high tech, and beyond, already. Wikicapitalism is a blanket term covering the cultural norms, practices and tools used to assess and improve organizational performance based on a deep understanding of inequality dynamics. The ebook and resources sections offer more color on on related topics.
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