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By Bill Baue, Senior Director, r3.0

Part 11 (and last) of a series on the r3.0 White Paper, From Monocapitalism to Multicapitalism — 21st Century System Value Creation.

Having excerpted the full Introductory section of the Multicapitalism White Paper, we now focus on specific sections of the paper, starting with an enterprise level case study from the Multicapitalism in Practice section profiling the implementation of the MultiCapital Scorecard by Cabot Creamery Cooperative.

Cabot Creamery Cooperative, which was established in 1919 and merged with Agri-Mark in 1992, has a long history of applying sustainability thresholds to its performance accounting. The cooperative…


By Bill Baue

Part 10 of a series on the r3.0 White Paper, From Monocapitalism to Multicapitalism — 21st Century System Value Creation.

Ultimately, value is to be interpreted by reference to thresholds and parameters established through stakeholder engagement and evidence about the carrying capacity and limits of resources on which stakeholders and companies rely for wellbeing and profit…

EY / IIRC, 2013[1]

A business model designed to maximize financial capital will not necessarily create the greatest value. From a value perspective, if a business model transforms capitals with a greater value (work capacity) than money into money, the transformation…


By Bill Baue

Part 9 of a series on the r3.0 White Paper, From Monocapitalism to Multicapitalism — 21st Century System Value Creation.

“There is therefore but one categorical imperative, namely, this: Act only on that maxim whereby you can at the same time will that it become a universal law.”

Immanuel Kant, 1785[1]

Human self-restraint may serve human purposes better than human dominance of the biosphere can. Mankind derives benefits from ecosystems not dominated by man, benefits that may be unavailable from ecosystems man does dominate.

William Catton, 1980[2]

Anchoring Multicapitalism in the definition of “capital” grounded in the…


By Bill Baue

Part 8 of a series on the r3.0 White Paper, From Monocapitalism to Multicapitalism — 21st Century System Value Creation.

We need to move beyond incrementalist ‘numeration’ indicators and add ‘denomination’ indicators tied to upper (ecological ceilings) and lower (social foundations) thresholds.

Allen White, Global Reporting Initiative Co-Founder, 2019[1]

From a common-sense perspective, the case for Multicapitalism is self-evident: it is a comprehensive and holistic doctrine that mirrors the dynamics of complex self-regulating living systems. In other words, Multicapitalism aligns and integrates with material reality, as it is most accurately understood as of now. …


By Bill Baue, Senior Director, r3.0

Part 7 of a series on r3.0’s Whitepaper From Monocapitalism to Multicapitalism — 21st Century System Value Creation.

The concept of irrational exuberance came to me in the bathtub one morning as I was writing a speech.

Alan Greenspan, 2007[1]

Human population, organized into industrial societies and blind to the temporariness of carrying capacity supplements based on exhaustible resource dependence, responded by increasing more exuberantly than ever, even though this meant overshooting the number our planet could permanently support. Something akin to bankruptcy was the inevitable sequel.

William Catton, Overshoot, 1980[2]

US Federal Reserve…


By Bill Baue, Senior Director, r3.0

Part 6 of a series on r3.0’s Whitepaper From Monocapitalism to Multicapitalism — 21st Century System Value Creation.

In [William Nordhaus’] model, the welfare of future generations is given less weight than the current generation’s welfare […] given that future generations will be much richer than those now living.

Hal Varian, 2006[1]

[W]e must then ask whether we can candidly acknowledge that general affluence simply cannot last in the face of a carrying capacity deficit. …


By Bill Baue, Senior Director, r3.0

The first section of the “Shortcomings of Monocapitalism” chapter from the r3.0 White Paper, From Monocapitalism to Multicapitalism — 21st Century System Value Creation.

As suggested above, the shortcomings of Monocapitalism are essentially two-fold:

  • its limited purview of financial capital alone; and
  • its fixation on economic growth, and the concomitant concentration of financial capital.

This second point encompasses a subsidiary aspect — namely, financial capital concentration is often achieved through enclosure (or privatization) of the Commons. Nobel Laureate Elinor Ostrom defined the Commons more precisely as “common pool resources” — namely, the vital capital…


By Ralph Thurm, Managing Director r3.0

In February and March 2021 r3.0 Managing Director Ralph Thurm has struck a nerve with his LinkedIn article series on the “Big Sustainability Illusion” and “Escaping ESG LaLaLand.” This four-article series has resulted in more than 58.000 views, more than 200 re-shares, several hundred likes, about 100 direct comments, and 220+ direct messages expressing support. The ‘halo effect’ of this huge readership group, their comments and reshares, and the overwhelmingly positive response, indicated one thing: there’s a huge group of tired and frustrated proponents of sustainability, wanting to see progress from ‘just ESG’ to…


By Bill Baue, Senior Director, r3.0

The Introduction of the r3.0 White Paper, From Monocapitalism to Multicapitalism — 21st Century System Value Creation.

Suddenly everyone was saying capitalism had failed. We started worrying about pitchforks.

Anonymous Wall Street chief executive, 2019[i]

Worldview. Paradigm. Frame. These are cousin concepts. What matters more than the one you choose to use is to realise that you have one in the first place, because then you have the power to question and change it…

Kate Raworth, 2017[ii]

The difficulty lies not in the new ideas, but in the old ones which ramify, for those…


By Bill Baue, Senior Director, r3.0

The Executive Summary of the r3.0 White Paper, From Monocapitalism to Multicapitalism — 21st Century System Value Creation.

The paradigm shift from Monocapitalism to Multicapitalism is necessary, inevitable, and already well underway. This White Paper lays out the fatal flaws of the existing Monocapitalism paradigm, then outlines the historical, conceptual, and practical foundations of Multicapitalism in order to understand how this emerging paradigm not only resolves these fatal flaws, but also opens the door to creating sustainable, regenerative, and thriveable business models and economic systems.[1]

This White Paper defines Monocapitalism and Multicapitalism as follows:

r3.0

r3.0 is a pre-competitive & market-making non-profit delivering groundbreaking Blueprints & Transformation Journeys for system value creation.

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