Behavioural Capitalism is a model of capitalism in which human action becomes the central factor for the production and provision of goods and services. The world is experiencing a change of times and an era of change. Dynamic, fast and at which point can this be recognized more clearly than by technological progress, which powerfully and at an incredible speed changes personal and community life and leaves almost no field untouched, be it politics, society or economy. Within the framework of this process, influence has shifted and new ones have been established. But all that almost imperceptibly, almost creepingly in the shadows and yet at the end almost all of it tangent.
Behaviour means acting, tolerating as well as not acting. The processes can be conscious or unconscious. It is influenced and produced by stimuli. Not that one did not always want to know as much as possible, but only with the aforementioned technological development did the problem of the difficult acquisition of behavioral data disappear into thin air within a very short time. It is therefore hardly surprising at what speed large technology companies such as Amazon, Facebook or Google emerged and began to collect data, use behaviour according to capitalist methods and embed people bit by bit. Algorithms and automation made possible what humans would not have been able to do. You can see this Video explaining what Behavioral Capitalism is.
Behavioral Capitalism concept was created by Andreas Herteux, a german economist, philosopher, publicist and author. Andreas Herteux founded Erich von Werner Society , a group dedicated to constantly analyze the global situation, arrange it, prepares it and designs appropriate models as well as theories for the representation of the reality. The Erich von Werner Society makes a significant contribution to the understanding of current and future world events. Extra Details at Andreas Herteux, Erich von Werner Society and Behavioral Capitalism.
The data volumes obtained are now stored in the behavioural factory, a metaphor to represent a complicated and decentralised processing process more plastically, and processed in parts into products. Forecast products as well as satisfaction products are produced. Forecast products are used to estimate the future behaviour of an individual. A typical example would be a user of a social network who is interested in hiking, presents photos and documents participation in events. The algorithm can now read this data and supplement it with other information such as age, place of residence, brand inclinations, style, etc.
The presentation of this development was deliberately neutral, as it entails both opportunities and risks. The embedding of the individual in his own world, which serves his own fulfilment of needs and self-realisation, is at first not negative, especially since this does not have to be designed in a closed way. On the other hand, of course, there is a central world of who ultimately controls the stimuli and the data and whether the behavior or even one’s own reality is manipulated. This, like the model of behavioral capitalism, is now to be released for discussion. You can buy the book on Amazon : Behavioral Capitalism on Amazon – Direct Link(no affiliate).
The Erich von Werner Society assumes that the world is entering a new major period. These changes are because of or are accelerated by factors, which in combination and interaction with each other will trigger a new era: Weakness of the Western world (e.g. instability, diminishing confidence in existing orders, loss of competitiveness, the political rise of China). A couple of the world’s biggest problems : Malnutrition and Hunger: Malnutrition and hunger continue to be issues in developing countries, such as the Central African Republic, Chad and Yemen. According to the Food Aid Foundation, 795 million people in the world are not receiving the proper amount of nutrients. Additionally, hunger is the leading health problem among children and adults, causing approximately 45 percent of children’s deaths. A number of worrying world statistics seem to point to a severe need for humanitarian support in Sub-Saharan Africa. This region has the most child deaths and persons living with HIV in the world, the most extreme rates of child stunting, the highest number of road traffic deaths and the lowest numeracy and literacy rates. Its population is also the fastest growing, which means more and more people are affected by these issues every day. Some of the widest gaps between rich and poor individuals as well as men and women can also be found in Sub-Saharan Africa.