Behavioural Capitalism is a variant of capitalism in which human action becomes the most important factor for the production and provision of goods and services. Technology more than ever means power and this special influence through the smart world, can be found today in the western world astonishingly bundled with a few companies, which naturally have little interest in explaining the risks of their activity too publicly, because they primarily see the opportunities of their actions and not the dangers. Who will blame them? How many people really understand their business models? Didn’t they seem to come out of nowhere, these billion-dollar companies that are now indispensable?

Behaviour means acting, tolerating as well as not acting. The processes can be conscious or unconscious. It is influenced and produced by stimuli. All of this may sound terribly abstract, but on closer inspection, behavior has always been used as a raw material, though not always so. We do not want to refer to the sale of indulgences in the Middle Ages, but to the insurance industry. It is aprime example of how the behaviour of the customer, often in the person of the representative, is researched, then evaluated by the company, and finally used to improve existing products, i.e. insurance, and to create new services. Only in this way were creative developments such as safeguarding one’s own death conceivable. Since these are immaterial, i.e. intangible goods, the behaviour of interested parties and customers is of outstanding importance. 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. Read more at Andreas Herteux, Erich von Werner Society and Behavioral Capitalism.

The storage of behavior as well as the processing to satisfaction and prognosis products take place in the behavior factory. So much for the basic definitions and the history of development. In the following, the functionality and the value creation process of behavioral capitalism will be examined in more detail.

Behavioural Capitalismisa variant of capitalism that, like financial capitalism, is difficult to identify in its effects and therefore plays only a subordinate role in public perception and on the political agenda. He cleverly uses this to spread and consolidate himself, which in capitalism is often characterized by the emergence of monopolies or oligopolies. This is impressively demonstrated by the real situation of the technology groups and their market power. You can buy the book on Amazon : Behavioral Capitalism on Amazon – Direct Link(no affiliate).

The Erich von Werner Society thinks that the planet and the people on it is approaching 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: Rise of new competitors in world markets (e.g. Asian countries). Few of the world’s biggest problems : Displacement: The number of individuals who were forced to flee their homes has skyrocketed drastically in recent years. The Internal Displacement Monitoring Centre (iDMC) reported that 31.1 million individuals were displaced in 2016. Displacement could occur after natural disasters or throughout war. Unfortunately displaced individuals have increased to approximately 59.5 million due to continuing conflict in the Middle East. In Syria alone, there are about 11 million refugees, which include young children. 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.