Ahmet Aykac

Over the past 250 years we in the West have constructed a governance structure whose ‘micro’ aspects are geared to efficiency in acquiring and using capital and protecting the interests of the capital owner (shareholders being a much larger group today than a century ago). We have built a ‘macro’ governance structure based on nation states and which reflects this micro structure. Yet over the … [ Read more ]

Ahmet Aykac

If one looks at the Western experience, one can distinguish several clear epochs: Antiquity, the Feudal order, and the capitalist order in the aftermath of the Industrial Revolution. In Antiquity slave ownership was the source of power; those who owned the people had a right to the fruits of their efforts. In the Feudal period, the source of such power was the land; those who … [ Read more ]