social norms and narratives

Civil Society

Institutions of CULTURE and LEARNING that keep, curate and innovate society’s unifying social norms and social narratives:

• academies
• architecture
• arts
• churches
• colleges
• concert halls
• cultural centers
• drama
• foundations
• humanities
• libraries
• museums
• music
• painting
• performing arts centers
• research institutes
• schools
• science
• sculpture
• social movements
• theaters
• think tanks
• universities

transactions in technologies

Enterprise

Institutions of CONCENTRATION and EXCHANGE:

• physical coming-together of people
• to do work together
• putting shared learning into action
• collaboratively co-creating surpluses of technology
• as learning put into action taking the world about us as we find it and changing it to be more a way we choose to make it
• for sharing with others, transactionally
• through exchange for a price paid in money or other value
• creating wealth for themselves by providing choices to others

NOTE: A corporation is not an enterprise. It is a legal form of ownership of enterprise for investment that separates Ownership and Management into two different bundles of legal rights. Owners own shares that vote to elect directors who vote, as a board, to appoint officers who hire managers and others to execute the decisions of the board of directors in managing the business and affairs of the corporation.

This separation of Ownership as shares and Management through appointed executives serves the purposes of securitization for enterprise finance through speculation on share prices in the share price trading markets organized by Exchanges & Funds quite well.

It does not serve the purposes of Fiduciary Reckoning quite so well.

money for enterprise

Finance

Institutions of AGGREGATION and DEPLOYMENT:

• aggregating money set-aside by individuals from current spending for future use
• deploying those aggregations as money for enterprise to shape the economy through
  • Family & Friends (Rich People; Family Offices) aggregating money set aside to provide for their own and deployed as patronage for IMPACT, where impact is whatever the family and its friends agree is good for the family and its friends;
  • Church & Philanthropy aggregating money set aside to provide for others and deployed as grants for MISSION;
  • Taxing & Spending (Government) aggregating money set aside as contributions to public health, public safety and the public good, and deployed as subsidies for POLICY;
  • Banking & Lending aggregating money set aside for safekeeping and deploying those aggregations as temporary monetization of PROPERTY;
  • Exchanges & Funds aggregating money set aside to idiosyncratically and opportunistically put money to work making more money and deployed through securitization for speculation on PROGRESS (which Neoliberal Financialization of Fiduciary Money has corrupted into GRWOTH)
  • Pensions & Endowments aggregating money set aside to programmatically provide certainty against certain of life’s future financial uncertainties and deployed through negotiation for SUFFICIENCY (but currently being inauthentically financialised for speculation on GROWTH, providing money exclusively to the Exchanges & Funds)

regulating social behavior

Government

Institutions of LAW MAKING and ENFORCEMENT:

• legislative
• administrative
• judicial