Suitability

Fit for Purpose | Right for the Times

To be human is to use technology to take the world about us, as we find it, and change it, to be more a way we choose to make it.

The way we choose to make the world about us as we find is motivated by our needs, which are unchanging, and the circumstances prevailing qt the time, which are constantly changing.

The right economy offers technology choices to popular choice that are a good fit to the cirumstances then prevailing.

Every Enterprise can be seen as:

a Chart of Accounts
for transforming cost-for-value into value-for-price
through the social organization of physical Knowledge + Networks + Routines
for concentrating time, effort and expertise
to create through the application of technology
as knowledge of how the world about us works, in some specific way (science),
and how we can take the world about us as we find it, in that specific way (more science),
and change it, to work more a way we choose to make it, in that specific way (design and engineering)
applied to make a surplus of unique artifacts (as the work of human hands) of that technology available to others
for their use
in solving one or more of the everyday problems of everyday people
living our own best lives, as best we can,
under the cricumstances then prevailing,
everyday
in abundance
for sharing
in exchange for a price paid in money, or other value that can function as money

The ability of an Enterprise to realize price-for-value (from which value-for-cost is deducted to arrive at profit, which is the reason for being for Enterprise) depends on the popularity of its technology, and its unique artifacts of that technology (goods, services, experiences, etc.), based on perceived fitness for purpose, and price for performance, wihtin the socially curated constraints of availability and ability to pay, within populations of people who choose to use those artifacts to solve one or another of their own everyday problems of everyday living, as best they can, under the circumstances then prevailing, every day.

Prudent Stewardship evaluates suitability not just according to the rubrics of fitness for purpoe and price for performance at the pont of exchange for a price, but also by giving consideration to the impacts of that technology social cohesion, now and in the future, through habitat longevity and physical and financial equity (financial equity/inequity is always also physical).

For example, energy extraction from hydrocarbons technologies are popular for many applications within many populations, all around the world, when evaluated according to the rubrics of fitness for purpose and price for performance, within the contraints of availabiity and abiity to pay.

However, climate science is teaching us that the accumulated extraction of energy from hydrocarbons to date is diminshing the longevity of habitats on earth that we humans can inhabit, and that continued extraction of energy from hydrocarbons will aggravate and accelerate the diminsihment of habitats, brinign widespread, socially ersosive social discord in its wake.

So, even though hydrocarbons are suitable energy sources under the logic of fitness for purpose at the time of use, the consequenes on our future wellbeing may be considered suitable technology for stewardship financing with forever money.

The everday needs of everday people can be grouped for ease of analysis into three main needs:

Nutrition

This includes food and water and all the work involved in farming, fishing and ranching, and all the technologies that sjpport those activities, plus the harvesting and packaging for distribution of produce and livestock and their processing for consumption, cooking and eating of individual meals and the cleaning up after cooking and eating, and a diverse multiverse of work that is invovled in “putting food on the table” for a planetary population of over 8 billion humans

Habitation

This includes both clothing, for personal protection and adornment, and structures in which all the diverse activities of being human, together, and apart, can be conducted, safe from the elements, and other disruptions

Healthcare

This includes physical wellness and wellbeing, as well as personal/psychological/spiritual wholeness and integrity

These three structural needs require two infrastructural supports.

Energy & Materials

The stuff of putting technology into action, taking the world about us as we find it, in specific ways, and changing it to be more a way we choose to make it, in those specific ways

Knowledge, Information & Communication

The stuff that brings people together, and holds us together in society and the economy

           “
 what kind of world 
             do we want 
      and how 
               can we make it happen?

Simon Mair, MEND Network

THIS is the world we want

THIS is how we can make it happen

allocating Fiduciary Money through Equity Paybacks from current cash flows through Enterprise, prioritized by contract for:

Suitability of the Technology to the circumstances prevailing at the time;
Duration of the social contract between Enterprise and popular choice over time; and
Dignity in how the business does business all the time, across all six vectors of cash flow through Enterprise, including:
- Fair Trade, with suppliers;
- Fair Engagement with communities, of place and of interest;
- Fair Reckoning with the consequences, on Nature, Society and the Future;
- Fair Working, in the workplace;
- Fair Dealing, in the marketplace;
- Fair Sharing, with savers whose savings are the “raw material” form which financiers fashion capital for business.