Korean System Dynamics Review (한국시스템다이내믹스연구)
- Volume 15 Issue 4
- /
- Pages.101-127
- /
- 2014
- /
- 1229-8085(pISSN)
An Analysis of the Dynamics of the Capitalism's Evolution with Systems Thinking
시스템사고를 통한 자본주의 진화과정의 동태성 분석
-
최남희
(한국교통대학교 행정정보학과)
- Received : 2014.11.30
- Accepted : 2014.12.31
- Published : 2014.12.31
Abstract
This study aims to understand how and why each stage of capitalism grows and changes into the new direction in the moment of crisis, based on the systems thinking approach through the causal loop feedback structure. To achieve the research purpose, it classifies the evolution process of the capitalistic economic system into 4 types: Capitalism 1.0(Classical Laissez-Faire Capitalism), 2.0(Revised Capitalism), 3.0(Neo-liberalism), and 4.0(New Capitalism for the Future). This study focuses particularly on by which feedback structure the growth, crisis, and new transition of capitalism could be explained. The main research results are as follows. The intended positive feedback structure caused the growth at each early stage of capitalism. After that time, as a result of the uncontrolled growth, the negative feedback structure controlling its growth operated on the one hand, while the positive feedback structure amplifying the crisis did on the other hand. The study suggests the Resilient Capitalism as the new evolutional direction of Capitalism 4.0. It can contribute to strengthening its resilience by which all the economic players can recover promptly and flexibly from the crises such as the failure of competition and unemployment.
Keywords