The question, that the author posts, is what lawyers (namely legal theorists), should do with “capitalism”. Moreover, he wonders whether they competent to post that question at all. Some of economic solutions sound as definitely legal: unity of the economic system (the idea of being united within some society); natural figures as the indicators of growth instead of values and prices; legal obstacles over the process broad money creation by commercial banks. In this regard, they could try to discover some “legal” principles underlying economic system. Therefore, this essay is an attempt to “deconstruct” or to propose that some economic notions are the emanations of the mere legal thinking, not the emanations of capitalism
The forthcoming ethical market economy will be the economy of sufficiency. It will provide “enough for everyone’s needs, but not for the greed of everyone” (Mahatma Gandhi). It will be sustainable, encouraging for long-term solutions and punishing for short-term speculations. Both freedom and justice will be provided. The balance of free markets will be achieved through fair solution of the problems of climate, income, taxes, gender equality and procedures. A new vision of what is a human being will appear: people do not only seek to get maximum wealth and benefits, stepping over other people. They also look for community, mutual aid and intelligence in life. Such anthropology will counterbalance competition and community. It will change economic and political theories. It will result in new understanding of the responsibility. Responsibility will be considered as a report to all involved parties, including future generations, for believers of monotheistic religions — as a response before God — the source of life, and for the followers of dharmic teachings — as an aspiration for harmony with dharma, the universal order and for a proper way of life. Christian, Muslim, Jewish, Buddhist, Hindu, Jain, Sikh and other values and spirituality, including non-religious worldview, will represent a joint ethical foundation for such economy of sufficiency. It will limit the greed of separate people and human institutions, leading to a new economic paradigm of equitable and sustainable markets.
Many different opinions on the prospects of the Russian economy were expressed by the last economic year results: from restrained-optimistic to very pessimistic ones. At the Davos forum our representatives (from government and big business) as usual (learned) in a businesslike tone not admitting objections were speaking for some reason to the whole world about the internal developments of the Russian Federation and the problems, which are not of interest to anyone but ourselves. It is practically impossible to draw up conclusions from these statements about how we will ensure sustainable development and what role we define for Russian economy in the world economic system. Nevertheless, let’s look at the situation from a viewpoint of non-economist.
Wealth is valuable only to the extent that it contributes to social progress, to spiritual and moral development of society and the individua.
The Great Spirit of Capitalism woke powerful creative forces of man. But at the same time it released the demons of personal success and enrichment, sworn by world religions. And along with the great human achievements they caused new disintegration of society into slaves and masters.