The People’s Capitalism

In the world of the 90% heterogeneous middle-middle majority, which we find throughout the advanced industrialised economies in both East and West, all are equally affected by the major socio-economic issues of our time. This has resulted inevitably in eroding left/right (or class-based) politics as a relevant or useful tool for the future in advancing the cause of justice and equity.In this second volume of Robert Corfe's major work on Social Capitalism, he turns to examining the financial-industrial system and identifies issues, which are untouched by contemporary politicians across the political spectrum. Whilst politicians live in their own self-enclosed world of dated ideologies, the author highlights urgent and major problems which are significant for us all in the real world. Through a careful analysis of the underlying forces which directly affect the majority, he formulates a new political language, and in doing so, creates a fresh perspective and vision for the future.No people can hope to be free without capitalism, competition, and free consumer choice. But capitalism is not a single or monistic system as traditionally projected by the political establishment. As the author demonstrates, through both empirical evidence and the development of ideas, capitalism may be manifested as either a malign or benign influence on society. In this book the concept of Productive capitalism is promoted as the desirable path towards which peoples worldwide should strive.It is socially self-destructive Rentier capitalism, with its accumulation of wealth into ever fewer hands, and the polarisation of society, which needs to be opposed. But the political battles which lie ahead, in promoting a benign financial-industrial system, will be very different from those in the past, since it is an economic system which will need to be confronted rather than an identifiable sector of the community.

New capitallism

In the world of the 90% heterogeneous middle-middle majority, which we find throughout the advanced industrialised economies in both East and West, all are equally affected by the major socio-economic issues of our time. This has resulted inevitably in eroding left/right (or class-based) politics as a relevant or useful tool for the future in advancing the cause of justice and equity.In this second volume of Robert Corfe’s major work on Social Capitalism, he turns to examining the financial-industrial system and identifies issues, which are untouched by contemporary politicians across the political spectrum. Whilst politicians live in their own self-enclosed world of dated ideologies, the author highlights urgent and major problems which are significant for us all in the real world. Through a careful analysis of the underlying forces which directly affect the majority, he formulates a new political language, and in doing so, creates a fresh perspective and vision for the future.No people can hope to be free without capitalism, competition, and free consumer choice. But capitalism is not a single or monistic system as traditionally projected by the political establishment. As the author demonstrates, through both empirical evidence and the development of ideas, capitalism may be manifested as either a malign or benign influence on society. In this book the concept of Productive capitalism is promoted as the desirable path towards which peoples worldwide should strive.It is socially self-destructive Rentier capitalism, with its accumulation of wealth into ever fewer hands, and the polarisation of society, which needs to be opposed. But the political battles which lie ahead, in promoting a benign financial-industrial system, will be very different from those in the past, since it is an economic system which will need to be confronted rather than an identifiable sector of the community.

CONTENTS; Preface page - v; PART I; Introduction page - xx; UNDERSTANDING THE MEANING OF POWER IN THE CONTEMPORARY WORLD; CHAPTER 1; How Internationalism Serves The Self-Interest of Peoples; 1 - Social Capitalism should be people-oriented rather than nation-oriented; 2 - Interdependence of peoples greater today than ever before; 3 - International ills of globalisation, malformed economic growth, and unfair lending terms; 4 - Benign and malign modes of international investment; 5 - Mainstream parties not ideologically geared to confronting international issues; 6 - Injustice as the cause of instability and war; CHAPTER 2; The Crisis of Radicalism In A Changing World; 1 - Does Socialism still exist?; 2 - Sanitised top-down Socialism; 3 - Ineffectiveness of the backward-looking hard left; 4 - Labour leadership fearful of Socialism's watershed; 5 - Restrictions on free communication brought the downfall of East bloc Socialism; 6 - But its failure to fulfil consumer needs capped its unpopularity; 7 - Failure of Old Socialism in the industrialised West; 8 - Victory of the pragmatic left in the face of globalisation; CHAPTER 3; Why Representative Democracy Is Reliant On Constructive Political Philosophy; 1 - How academic influences have undermined free thought; 2 - Contemporary academic environment not conducive to constructive philosophy; 3 - Differences between policy making, spin-doctoring, and general principles; 4 - Plutocratic power is eroding the principles of the left; 5 - Four reasons calling for a constructive philosophical approach; 6 - Representative democracy dependent on such an approach; 7 - As only then can those elected be held accountable for their promises; 8 - A constructive philosophy empowers the electorate. CHAPTER 4; The Dichotomy Between Intention And Actuality In The Realm of Realpolitik; 1 - Morality is imposed as the thought control of rulers; 2 - How progress is achieved through conflict; 3 - But there is a flaw in the Socialist concept of class struggle; 4 - Dialectical-materialism has prevented the formulation of a constructive philosophy; 5 - A new methodology for ensuring a constructive approach to politics; 6 - Difficulties arising from the divide between intention and actuality; 7 - Conflict between popular and proper political decision-making; CHAPTER 5; The Missing "Gene" of Socialism; 1 - Importance of retaining the original purpose of Socialism; 2 - Antipathy between business and non-business people; 3 - The cultural factor of business aptitude amongst different peoples; 4 - The failure of countries with a low business aptitude; 5 - Why ruling elites have everywhere disdained the business instinct; 6 - Business-as-work closer to Socialism than to traditional elites; CHAPTER 6; How Values May Advance Or Hinder Societies; 1 - Conscious and unconscious values call for sociological analysis in defining the true nature of associations; 2 - How values may unknowingly pervert the purpose of an organisation; 3 - Political values should be sociological rather than theological; 4 - Examples of the mischief of theological values when applied to politics; 5 - Faults of Old Socialism derived from cultural tradition; 6 - Pervasiveness of value systems and the need for change; 7 - The self-destructive dualism in Western civilisation; 8 - The road to social harmony; CHAPTER 7; New Values Emerge In The Wake of Social Change; 1 - Social conditions of benefit to Old Labour (or Old Socialism); 2 - Reaction against old values; 3 - Consequences of the demand for greater brainpower. 4 - Changing sociology of work; 5 - Individualism an inevitable outcome of social change; 6 - The middle-middle majority and the proletarian minority; 7 - Why Socialism is unattractive to the new middle class; CHAPTER 8; The Work Environment And The Wider World; 1 - The social problems of work, unemployment, and unpaid labour; 2 - The psychological value of work; 3 - Questionable value of the Protestant work ethic; 4 - The healthier non-Protestant attitude to work; 5 - The work environment in the East and the pre-Reformation period; 6 - Disillusionment of middle and senior ranking executives with working conditions; 7 - They need trades union representation; 8 - Meritocratic values may hinder the disadvantaged; 9 - Employment empowers the individual as an economic unit in the community; Chapter 9; People Power In Transforming The Economy; 1 - Representative systems too easily mistaken for democracy at work; 2 - The unhappy situation of the nationalised industries; 3 - People power and what it means; 4 - Non-class based social struggle of the future; 5 - Meaninglessness of class distinctions in the Economic Sector Struggle; 6 - Global forces threaten the interests of all; 7 - Securing the interests of the Productive economy for all; CHAPTER 10; Autonomy And The Limits of Democratic Power; 1 - Representative democracy as yet unable to cross national frontiers; 2 - Failings of the EU as an instrument of democracy; 3 - Internationalism used by global forces for an ulterior purpose; 4 - Internal and not global trade is the guarantor of survival; 5 - Conflict between the interests of people prosperity and globalisation; 6 - Democratic power must be mobilised against global forces; 7 - How this would be achieved. PART II; Introduction; SOCIALISING PRODUCTIVE CAPITALISM; CHAPTER 11; Labour's Lost Majority; 1 - The Labour party's dilemma; 2 - Socialising productive capitalism; 3 - Our methodology; 4 - Failure of Socialism's dialectic; 5 - The new majority; 6 - Classlessness of today's economic oppression; 7 - Late failure of Labour's electoral appeal; 8 - Lost to Labour gained by Tory; 9 - But Tories failed to promote the interests of this majority; 10 - The new oppressed not attracted by Labour; Chapter 12; The Dilemma of Class Struggle; The Dilemma of Class Struggle - Class-based politics is unappealing; 2 - Although Britain is a class-based society; 3 - Defining societal egalitarianism; 4 - Marxism's inescapable influence; 5 - Determinism a substitute for constructive theory; 6 - Class war is now failing Socialism; 7 - But in the past it fortified working class protest; 8 - Naive psychology of the idealised proletariat; 9 - Socialism's repudiation of the business process; 10 - Earlier Socialists and their business sense; 11 - Invalidity of profit theories; 12 - Deficiencies of materialism; 13 - Traditional Socialism has outlived its usefulness; CHAPTER 13; Social And Unsocial Wealth Creation; 1 - The essence of Socialism; 2 - Failure of public ownership; 3 - So capitalism must be socialised; 4 - Looking at successful and failing economies; 5 - Two capitalistic systems; 6 - Productive capitalism makes for Social Wealth Creation; 7 - Whilst Rentier capitalism enriches the few; 8 - When "growth" means de-industrialisation; 9 - Pro- and anti-national economic systems; CHAPTER 14; Protest For Prosperity; 1 - The necessity of profit; 2 - Undesirable Rentier profitability. 3 - Desirable productive profitability; 4 - Assessing the validity of profit; 5 - The goal of Socialist profit; 6 - Ownership is nothing without control; 7 - Employees must fight for ownership; 8 - But primarily to save our industrial base; 9 - Industrial solidarity for prosperity; 10 - Promoting ability; CHAPTER 15; Increasing Labour's Support; 1 - Tories are locked into promoting Rentier capitalism 2 - Social Capitalism must confront the City; 3 - Guiding investors towards British interests; 4 - Identifying the enemy; 5 - The insidious values of passive capital; 6 - Productivity and social satisfaction; 7 - The need for intervention; 8 - The public utilities; 9 - Britain and Europe; 10 - Rentier Capitalism and the Third world; 11 - The task ahead; PART III; Introduction page - 197; ESTABLISHING SOCIAL CAPITALIST BUSINESS VALUES; CHAPTER 16; Introduction: Accountancy, Its Ultimate Function; 1 - The potential of economic theory; 2 - Failure of the economics establishment; 3 - Industrial regeneration dependent on the accountancy profession; 4 - The ultimate end of profit; 5 - Why British business is locked into a "no-win" situation; 6 - How the framework of business dictates the ends of profit; CHAPTER 17; Britain's Toughest Competition: An Opposing Economic System; 1 - Non-sectorial business management economics a good starting point; 2 - Economic theory too often confused with political; 3 - Two non-compatible capitalist systems exist today; 4 - Failure of the old economic theories; 5 - The old divide no longer a useful criterion for investigation; 6 - The need to compare successful and unsuccessful economies; 7 - The identification of these; 8 - Intellectual complacency over Anglo-Saxon industrial decline; 9 - Need to re-define the capitalist system; 10 - Economic causes must be sought to explain Anglo-Saxon decline; 11 - Deficit versus equity funding distinguishes the systems; 12 - Deficit funding an emotive issue in Britain; 13 - Its effect on the business process is its significance; 14 - It arose out of national necessity. 15 - I.e. state intervention and aspirations; 16 - Effectiveness of funding method most important factor; 17 - Deficit funding dependent on minimising risk; 18 - This achieved by banks entering into the business process; 19 - And companies submitting to the constraints of a partnership; 20 - This entails concentrating on a specific business purpose; 21 - But also access to unlimited funding; 22 - It influences business philosophy; 23 - Comparison with the British company; 24 - Accountancy constraints placed on the latter; CHAPTER 18; When Money Creation Hinders Productive Profitability; 1 - Dirigiste policies benefit our competitors; 2 - Characteristics of government commitment to industry; 3 - It is motivated solely by the purpose of industrial success; 4 - Effectiveness of government intervention; 5 - Nothing allowed to effect adversely best national interests; 6 - Misunderstanding to which this gives rise in Britain; 7 - But our competitors capable of benign co-operation amongst themselves; 8 - The rationale of Anglo-Saxon Rentier capitalism; 9 - The rationale of Productive capitalism; 10 - Origin of Rentier capitalism; 1 - Separation between capitalists and producers; 12 - Capitalist system independent of the state; 13 - Emergence of laissez-faire ideology a natural progression; 14 - Widespread consequences of this; 15 -The myth of open participation in the system; 16 - The need for "Confidence"; 17 - It is necessitated by the greater risk factor; 18 - Instability of productive business exacerbated by conglomerate-type enterprise; 19 - Self-defeating anti-intellectualism of the British business community; CHAPTER 19; Irreconcilable Economies Within The Industrial World; 1 - National versus International economic systems; 2 - How these effect society; 3 - Criticism of the City fails to identify the problem; 4 - Crisis facing the Anglo-Saxon economies; 5 - Incompatibility of Productive and Rentier capitalism; 6 - Although mutable they remain distinct; 7 - Historical comparison between the systems; 8 - Rentier capitalism entails capital accumulation into fewer hands; 9 - Financial reserves do not necessarily contribute to business efficiency; 10 - Why deficit funding stimulates greater productivity; 11 - The rearguard action of the lone laissez-faire enterprise; 12 - Individualism versus co-operation as cultural factors; 13 - Complex technology puts a premium on co-operation; 14 - Cultural factors must yield to economic necessity. CHAPTER 20; Rentier Versus Productive Profits: A New Criteria For Financial Management; 1 - Accumulated capital tends towards idle use; 2 - Distinction between Invested and Active capital; 3 - Financial movement promotes productivity; 4 - Productive capitalism promotes the use of Active capital; 5 - How Productive business utilises capital; 6 - This contrasted with the Rentier business; 7 - How the Rentier concern maxmises money profits; 8 - Need for refining the definition of profit; 9 - Cause of Anglo-Saxon economic decline has never been clearly identified; 10 - Distinction between Rentier and Productive profits 11- On the validity of this argument; 12 - Identifying the Rentier characteristics of an enterprise; 13 - Multiplicity of factors prevents a concise economic law; 14 - Value of Productive profitability as a diagnostic tool; 15 - As it goes to the heart of the objective business process; 16 - It is the sole criterion for assessing sound decision-making; CHAPTER 21; Building Structures For Prosperity; 1 - Criteria for successful economic policy once ignored the majority; 2 - Rentier economies lean towards the older criteria; 3 - Britain wracked by two "economies"; 4 - Definition of the economic divide; 5 - Why Productive economies are more democratic; 6 - As contrasted with our own; 7 - Strains between the two capitalist systems; 8 - The 10 proposals for industrial regeneration; 9 - Forestalling the objection of the Rentier establishment; 10 - On implementing the proposals; 11 - The world recession presents an unpredictable future; 12 - No suggestion to replicate specific conditions; 13 - A dialectic for progress; CHAPTER 22; How The Industrial Associations Are Failing British Industry; 1 - Home-based manufacturing unrepresented by any vested interest group; 2 - This is partly because corporate policies do not necessitate maximising market share; 3 - Corporate policies dictated by Rentier capitalism; 4 - Assessing the contrasting capitalistic systems; 5 - Industrial associations imprisoned within an "As is" situation; 6 - Or else they are in conflict with one another; 7 - Compared with the success of our competitors; 8 - The problem with the CBI; 9 - UK is asset-stripped by international conglomerates; 10 - The impotence of small firms; 11 - Failure of political institutions to support home-based industry; 12 - What needs to be done. CHAPTER 23; Making The Financial Markets Work For Home-Based Industry; 1 - Expertise not sufficient to reverse decline; 2 - And neither are the exhortations of top industrialists; 3 - Assessing the social ends of business; 4 - The need for productive self-sufficiency; 5 - So that financial problems are kept in control; 6 - Dependence on international trade and the need for deficit funding; 7 - Because equity funding has failed the Anglo-Saxon economies; 8 - This is because of the dictatorship of the investor; 9 - The unsocial outcome of our financial institutions; 10 - The need to distinguish between and publicise different types of stock market investments; PART IV; Introduction page - 277; ACTION FOR PROSPERITY; CHAPTER 24; The Invisible Shift In Industrial Relationships; 1 - New grounds needed for industrial action; 2 - As otherwise the interests of workers are not really promoted; 3 - Outdated political doctrines benefit exploiters; 4 - Demarcation between functions of managers and workers unfavourable to the latter; 5 - Cynical situation arising from this; 6 - Invisible shift in industrial relationships; 7 - Shop-floor workers no longer perceive themselves as proletarians; 8 - Experiencing a closure; 9 - Shop-floor workers' heeding of inefficiency went unanswered; 10 - Musings of a cost accountant; CHAPTER 25; The Changing Priorities of Working People; 1 - Triumph of the Phony over the Real economy; 2 - The skilled under the authority of the incompetent; 3 - Narrowing in the skills gap between workers and management; 4 - A greater sharing of decision-making follows from this; 5 - Changing priorities of workers; 6 - Top priority is company survival; 7 - The insufficiency of redundancy compensation. CHAPTER 26; Workers And Bosses Against De-Industrialisation; 1 - When dated politico-industrial attitudes become counter-productive; 2 - Changes in business structures have devalued use of the Strike weapon; 3 - Meanwhile, the MD of the smaller firm sees a truer friend in his employees than in his bank; 4 - And a truer friend in his employees than in his government; 5 - Better sense for owners and workers to unite in fighting Rentier capitalism; 6 - Time for workers to take stock of their best interests; CHAPTER 27; New Battle Lines For Social Progress; 1 - Cynicism of "Class solidarity" today; 2 - Separation of ownership and control has transformed class interests; 3 - Transformation in the nature of capitalism; 4 - Productive capitalism differentiated; 5 - The new battle lines: The classless majority versus the Rentier capitalists; CHAPTER 28; The Struggle Against Rentier Capitalism; 1 - Necessary relevance of such a struggle; 2 - Not so much a rentier "Class" as a rentier mentality; 3 - And this must be fought against throughout all sectors of the community; 4 - Ideological trauma of the political upheaval in Eastern Europe; 5 - This, too, has left an ideological vacuum in the West; 6 - Has the death knell been struck for the old radical ideal?; 7 - It is unresponsive to resuscitation; 8 - Its greatness should be appreciated within a historical context; 9 - Working people today demand new kinds of freedom; 10 - Towards the new kind of solidarity; CHAPTER 29; Regenerating The Spirit of Trades Unionism; 1 - What future for trades unionism?; 2 - Causes for its loss of strength; 3 - Why Social Capitalism promotes the extension of trades union membership; 4 - The key to regenerating trades union strength; 5 - The need for doctrine in pursuing objective ends; 6 - Working people as the leaders instead of the followers in society; 7 - Trades unions must now become pro-active; 8 - They must demand access to the "secrets" of the boardroom. CHAPTER 30; Promoting Advanced Industrial Action; 1 - The need for Advanced Industrial Action or the occupation of threatened plants; 2 - This would be in serving the public interest; 3 - No other group prepared to promote efficiency in the productive sector; 4 - Criteria for justifying the occupation of a plant; 5 - Necessary immediate circumstances; 6 - Two sole purposes of Advanced Industrial Action; CHAPTER 31; Strategy For The Industrial Occupation; 1 - Preparing the strategy for an occupation; 2 - Steps required in initiating an occupation; 3 - Not the purpose of the Advanced Industrial Action Group to supplement or supplant the function of trades unionism; 4 - An occupation in collusion with employers; 5 - Carrying out the occupation; 6 - Authority relinquished to the AIAG First tasks of the Occupation Commander; 7 - Preparations for the Industrial Efficiency Tribunal; CHAPTER 32; The Industrial Efficiency Tribunal; 1 - Purpose of the Tribunal: Every enterprise financially accountable as an autonomous unit; 2 - Identifying and ridding rentier practices 3 - Social Capitalism's doctrines embody the criteria for good and bad business practices; 4 - Style of the Tribunals; 5 - Other demonstrations during an occupation; 6 - Opening of the Tribunal; 7 - Its procedural structure; 8 - The Chairman's Censorious Judgement; 9 - His Constructive Judgement; CHAPTER 33; The New International Struggle; 1 - Value of the Tribunals as dramatic events; 2 - But their main value will be in problem solving; 3 - And in galvanising the hesitant towards positive action; 4 - Familiarity with the Tribunals will engender their acceptance; 5 - How rentier capitalism is devastating America; 6 - And by different means the Third world; 7 - AIA must be made to work in reversing de-industrialisation. PART V; Introduction; THE HUMAN PRIORITIES OF POLITICS; CHAPTER 34; Expediency Versus Justice; 1 - The dilemma of politics; 2 - Immorality of political activity; 3 - Nature of expediency; 4 - All government entails assent and force; 5 - Self-centredness of vested interest groups; 6 - Knowledge leads to shared power in the community; 7 - Meaning of disinterested justice; 8 - Vested interest groups are the first cause of injustice; CHAPTER 35; The Self-Justifying Cynicism of Vested Interests; 1 - How the idea of their "goodness" is perverted into self-delusion; 2 - But this is complemented by pragmatism that sees unfairness as inevitable; 3 - But this expediency does not resolve substantive issues; 4 - Falsity of all vested interest groups; 5 - Hope for the future; 6 - Way out of the dilemma; 7 - The pragmatist's argument for vested interests; 8 - And the consequent short-termism of their outlook; 9 - The dangers of superficial populism; 10 - Priorities in politics cannot be identified by analysing party programmes; 11 - Proper criteria in assessing what the individual really wants; CHAPTER 36; Political Realism In The Just Society; 1 - The purpose of politics; 2 - The political activist typified; 3 - Required qualities of the political activist; 4 - Illusion in personal and political life; 5 - Political illusion historically perceived; 6 - The starting point in politics has to be an examination of economic causes; 7 - But this must entail a disinterested consideration; 8 - A Re-active approach to issues apportions blame to the wrong causes; 9 - Unacceptability of Old Socialism because of its Re-active causes approach; CHAPTER 37; Maximising The Individual's Potential In The Free Society; 1 - The community exists for the individual to the same degree that the individual exists for the community; 2 - Laissez-faire's threat to the just community; 3 - Basic rights of the individual; 4 - The individual's right to the fulfilment of his potential; 5 - Why the teaching of citizen rights is of limited value; 6 - Enlightenment should be an obligatory part of education. 7 - The right to spiritual fulfilment means the right to free choice; 8 - And to cultural facilities strengthening the bonds of the community; 9 - The problem of meritocracy; 10 - Definition of justice is constrained within its historical context; CHAPTER 38; The Moral Bankruptcy of Our Financial System; 1 - Two threats to social progress: vested interests and war; 2 - Environmentalists' opposition to progress; 3 - But it arises out of their misinterpretation of the term "progress"; 4 - Industry of the future will be environmentally safe; 5 - But only if labour and capital cease to oppose necessary investment; 6 - It is laissez-faire and not progress which threatens the environment; 7 - Rentier capitalism contributes towards both de-industrialisation and pollution; 8 - Disillusion with contemporary political conditions; 9 - Reasons for this as they apply to Britain; 10 - Limitations of popular pressure groups; CHAPTER 39; Social Prosperity Only Achievable Through Autonomy; 1 - Definition of Social Prosperity; 2 - Need for an objective political doctrine; 3 - Bankruptcy of historical-materialism and political individualism; 4 - National economic autonomy necessary for the just community; 5 - Concept of Nationality compared with Nationalism; 6 - Contemporary internationalism the vested interests of the far right; 7 - How economic crises are exacerbated by international interests; 8 - But this is not an argument against the greater need for international co-operation; 9 - Contemporary international institutions bureaucratic rather than democratic; 10 - Forces of international finance not answerable to any political authority and hence the principle of Nationality is of overriding importance; CHAPTER 40; The True Foundations For Disinterested Politics; 1 - Factors on which the social good of the autonomous community is dependent; 2 - Achilles heel of liberalism has been its concern with means rather than ends; 3 - Its philosophical hedonism has been its undoing; 4 - Foundations of disinterested politics; 5 - How the Socialist conception of distribution may lead to the slave society; 6 - Powerful financiers alone would be the beneficiaries of the "Leisure" or "Unemployed" society; 7 - Distribution in itself fails to reflect a change in power relationships; 8 - This is because it fails to take account of the forms and uses of wealth; 9 - Wealth creation alone is the primary principle of disinterested politics. CHAPTER 41; The Underlying Grounds of Conflict In The Contemporary World; 1 - The free society is dependent on maximising the individual's control of wealth; 2 - Conditions necessary to achieve this; 3 - Need for decentralisation and competition; 4 - And co-determination; 5 - But these things are dependent on fortuitous cultural and educational conditions; 6 - Need for a new individualistic spirit amongst working people; 7 - Underlying conflict in the modern world is between the demands of Individualism and Collectivisim; 8 - Proletarian collectivism is anachronistic; 9 - But Conservatism is no less anachronistic; 10 - Forces of Individualism and Collectivism should not be matched with the conventional political divide; 11 - Giant capitalist conglomerates no less Collectivist than left wing organisations; 12 - But Collectivism too embodies social values; CHAPTER 42; The Meaning of Social Capitalism; 1 - Need for integrating Collectivism and Individualism 2 - Social Capitalism would entail the emergence of a new moral outlook; 3 - Those in the future would view the present with horror and dismay; 4 - Possible examples of this; 5 - Inevitable democratisation of society; 6 - Achieved through the General Will; 7 - Those opposing the concept of the General Will by implication support Might as Right; 8 - The General Will is integral to the philosophy of Social Capitalism; 9 - Since it subordinates the place of vested interests; CHAPTER 43; Freedom Within The Integrated Community; 1 - Every community has its own character and will; 2 - This is demonstrated by statistical research; 3 - The "Integrated" as contrasted with the "Organic" community; 4 - Unacceptability of the concept of the organic community; 5 - Limitations of Hegelianism; 6 - But recent research has underlined the contemporary relevance of Hegel as a social thinker; 7 - Importance of the Hegelian system lies in the emphasis placed on the emergence of the integrated or classless society; 8 - Demonstration that the whole is greater than its constituent parts; 9 - Freedom can only be maintained by the power of the state; 10 - Theory of the integrated community can stand the rigours of scientific criticism. 11 - The representation of functional interests; CHAPTER 44; The Responsible Society; 1 - Confronting the threats ahead; 2 - Need to develop the business instinct; 3 - Ethical development of humanity; 4 - Egalitarianism in practice; 5 - Wealth for welfare; 6 - Changing values; 7 - Future of the trade unions; 8 - Education for citizenship; 9 - Importance of the family; APPENDIX A A Terminology For New Socialism; APPENDIX B The UK's Imbalance of Payments; APPENDIX C Job Losses In The Productive Sector; APPENDIX D The Growth of Corporate Bankruptcy; APPENDIX E Britain's Dependence on the Productive Sector; APPENDIX F The Cash-Starvation of UK-Based Industry; SELECT BIBLIOGRAPHY; INDEX.