Moral Capitalism? Does it Exist? Is it Possible?

From our post on September 17th, we have received support and doubts from individuals that are not sure of FOUR’s message regarding Moral Capitalism. Some of the comments that caught our attention and we gladly responded to were, “You need moral people first”, “How about examining your obsession with money? Professional help is available”, and You don’t create moral people! And seeking after riches makes one immoral”.

By saying we need moral people first, we feel this individual believes our society either lacks moral people or there are none. If this is how they feel, we hope that they take the time to go out and look at examples everyday where people have morals, and good ethics. You can see strangers helping others every day, supporting one another even at a cost to themselves. When it comes to capitalism and businesses that have great morals and ethics there are lots of examples. We bring two examples to the public:

1. Dan Price, the CEO of Seattle-based credit card processing company Gravity Payments, the same question? This man raised his company's min wage to $70k. Lots of people laughed at him. Lots of people expected his company to go up in flames. Lots of people said that is not how capitalism works.

Here at FOUR, we believe in actions like Dan Price did with his company. Why? Because 6 years after he did this, the company revenue tripled, they are a Harvard Business School case study & their employees had a 10x boom in homes bought.

2. Or how about the e-cigarette company Juul? They had 35% of the company bought by Altria Group for $38 billion and the Executive Leadership gave every employee a $1 million bonus. What you can see with these two companies, they recognized the hard work their employees put in day in and day out to help create a successful business and the employees were rewarded rightfully so.

What did the actions of these companies accomplish?

1. Higher starting salaries, that changed employee life, allowing them to pay off debt, invest for their future, purchase their first home and other wonderful impacts in their lives.

2. Juul created numerous millionaires overnight.

3. Because of the improved financial standing of the employees from both businesses, the surrounding communities benefitted as well. The employees spent their money at local businesses, brought in more taxes for their community through their purchases and we’re sure their charitable giving increased as well.

Would these not be two great examples of Moral Capitalism at work? We say they are and more power to these companies!

When it comes to our obsession with money, we at FOUR do not see a problem with it. Because we are not looking to make money to turn around and buy a $165 million dollar home for just two people to live in. We are not looking to use our obsession to give executives ridiculous bonuses and pay and purchase private jets so we can look fancy while traveling around.

What our obsession is about:

1. For example, a company our CEO worked for offered clients On-Demand support that provided the employee being on standby, a retainer fee and an hourly fee if support is called on by the client. At first glance, one would say this is a fantastic way of making extra money. However, when you look at the details, the employee is lucky to get 30 to 40% of the total bill to the client. The company took majority of the profit from this service provided.

Some would say this is fine, this is capitalism. We disagree, this is crony capitalism at its finest. The company offers this type of On-Demand support because clients wanted the ability to have a technical professional online just for them if they needed it, without submitting support tickets and waiting for assistance. The analyst is the one that provides all the work, the knowledge and technical know how to resolve any issues the client experiences but gets the short end of the stick.

FOUR believes it should be the other way around with the example provided. The employee should have gotten 60-70% of the profit not the company. The company is still going to make profit, this is all profit to both parties. There were no big extra costs to the company except filing contractual paperwork for the On-Demand Service.

2. Our obsession with money, will allow FOUR to continue development and release of apps that will generate profit for the company because these apps will allow people to earn a good side income where they take the 60% right off the bat. FOUR still gets a revenue and after expenses has a profit to expand on new ideas for the betterment of society and others, while individuals involved with FOUR enjoy a better financial life.

3. Through our obsession with money, the profits obtained by FOUR would allow us to work on one of the projects we have, Quality and Affordable housing options. We can all see the prices of housing and rentals going up with each passing day. It’s becoming almost unaffordable to keep a roof over one’s head. We used to see rentals like apartments, cost less then the surrounding area mortgage monthly amount. However due to the added difficulties to owing a home, people will rent longer, this is because a big issue we see is, people can afford the monthly payment but just do not have the credit background or high enough score to get the loan. The companies owning the apartment complexes see this and know you can afford the monthly payment for a house but can’t get the loan, so if you want to have a roof over your head, you’re going to pay the same amount but for a rental. This is crony capitalism, this is greed at the expense of your fellow human being, your fellow American.

The other comment that grabbed our attention was the “seeking riches makes you immoral”. Seeking riches does not make one immoral, it is greed that makes you immoral. It is immoral greed in the end that will sell their mother for a dollar, just to fill their pockets. It is amazing that there are people that believe if you or a company seek riches nothing good will come of it. There are plenty of people and companies in the world that have riches and can be considered bad or an evil if you want to go that far.

Yet, how do we normal, moral, and ethically good people fight back against them? If we do not seek riches ourselves, we have no ammunition to stand toe to toe with them. They will win every time, and we the people end up suffering. However, if the moral and ethically good people stand together, seek our own riches and even combined riches, we not only can stand face to face, but win the fight against them.

It is up to us “We the People” to do what’s right, to see we are not each other’s enemies, that we have more in common then differences and we can create a Moral Capitalist Society that benefits everyone.

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Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire

There is no short supply of examples when it comes to crony capitalism and horrible executive leadership. Executive leadership positions are important for a company, but are they truly more important