Invisible Capitalism: Japanese Capitalism & the Future of Global Capitalism

Capitalism today is based on economic and monetary values. This form of capitalism has reached its limits, as it cannot solve social and environmental issues. In order to shift to a more sustainable economic framework, many countries will need to transition to a new model of invisible capitalism, focusing on invisible capital such as knowledge, relationships, trust, reputation, empathy, culture and other values. Those invisible capitals will become more important in the age of advanced knowledge society. Additionally, we are witnessing the emergence of a voluntary economy based on goodwill—for example, review websites are promoting economic development by allowing customers to supply reviews and ratings, a new business model that adopts user-generated content. In Japan, these invisible values and goodwill are important aspects of society—core values that Japanese capitalism takes into consideration. In this program, Professor Hiroshi Tasaka from the Graduate School of Tama University in Tokyo shares his insights on invisible capitalism in Japan and the future of global capitalism. He also discusses how Japan can contribute to the evolution of capitalism in the 21st century.

Speaker:
Hiroshi Tasaka, Professor, Graduate School of the Tama University in Tokyo; President, Think Tank SophiaBank; Member, Global Agenda Council of the World Economic Forum; Special Advisor to the Prime Minister of Japan (2010-2011); author of the book Invisible Capitalism: Beyond Monetary Economy and the Birth of New Paradigm; Ph.D. (Nuclear Engineering)

Agenda

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