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Doug Kirkpatrick, self-management extraordinaire, introduced me to Jose and the three of us, Adrian, Jose, and I, ended up meeting every week for about a year. An alternative system based on contributions, rather than money, started to take shape.
We also started writing Radical Companies (Amazon) out of frustration that even luminaries did not have valuable answers, either.
The alternative we were working on Jose called Radical. No violence, no punishing or killing the bad guys, no revolution. Radical was simply an alternative to the invisible Fiat system we lived in.
There was the question of replacing or eliminating the boss.
Co-author Adrian Perez and I experimented with how to recognize contributions. We knew we had to be careful because that was the one question that came up often at Nearsoft. The distributions were all equal.
If we had distributed carrots or potatoes it may not be a problem. Just eat them or give them away to friends and family. Money, on the other hand, is a universal mean of exchange. For example, you can buy headphones with it.
For Radical we came up with RADs, without the baggage of money. You do something, other people recognize it as a contribution, recognize them, and the results was RADs.
Later we realized that recognized contribution” was the key. If you have 10% of the RADs, you get 10% of the dividends; if you 200 RADs and I have 100, you get twice what I do.
If you do not get what you think you deserve, you will have to talk to other co-owners to learn why.
The co-owners can decide whether to make accessible to the public, too. In the spirit of Transparency, our strong recommendation is to always do so.
We made an app to do the math (free in Apple and Android stores). And we also made the RADs public.
Fiat ownership is exclusive,
This is mine. I will keep you out of it even if I have to kill you, everyone in your family, and burn everybody in your village.
That is OK for a toothbrush, but not for a business whose growth comes from the work that many people put in it.
It is incomprehensible that we don‘t see that Fiat ownership causes the majority of the harm we face, starting with poverty and ending excessive wealth.
Co-management has gone by the name “self-management”. However, a business has no self.
We changed the name to co-management because people can make decisions, change their mindset, and work without a boss.
Please note that co-management is not a flat organization, a patriarchy, or a co-op. It moves us from "I" to "us."
Co-ownership is the kind of active property (e.g., a company) that belongs to all who contributes to it. If I recognize what you are doing as a contribution, then you are a co-owner.
Co-ownership comes from a Radical mindset,
Many questions came up with co-ownership and we worked out many of them, but we have blind spots, too. Others will bring up shortcomings up later and will have to be worked out over time.
Many people can make a contribution.
Capital may come as a radical Investment from a bank, individuals, or even from a Venture Capital firm as a Radical Investment with a not attached to it,
‘We’ in this case refers to all co-owners. Maybe it can be done with a contract and multiple signatures, but we need to find a mechanism for all of co-owners to commit.
The RADs! mobile app continues to evolve. We have added a lot of things, taken off other things, and resolved a whole lot of issues.
For example, we tried to let co-owners give RADs directly, but that did work so well. So we switched to recognizing contributions. The result is converted to RADs and made tangible.
There is nothing dogmatic here. we visualize Radical as an alternative to Fiat.
You are welcome to add things and change things. Just be careful not toend up back into Fiat mode. If you do, there is no shame in course-correcting and do it better the next time.
These are the blocks of the Foundation,
You are not going to get a demerit or a medal if you do not follow it, but if you are not careful you may end up back in the Fiat system.
In general, if it works for all co-owners, go with it. Else, find another solution.
Banners came up as we realized that we need a way to represent non-people in RADs. Actually, the first name that occurred to use was Totem, but then Adrian pointed out that ‘totem’ was a religious symbol and we should not. After some thinking, we switched to Banners.
Among other things, Banners could represent things like compromises amd commitments and for how long.
All RADs transactions are made public via Public Dashboards to all co-owners,
A brief overview of the emerging paradigm of decentralized work and co-ownership models, contrasting the Fiat systems with the Radical alternative,
This is a call to action for embracing a shift to Radical. It challenges the status quo along with other alternatives to the Fiat system.