Adminicus will hold it’s first election for leadership two week after Adminicus has reached 100 members and then all members will have one week to cast their votes. We encourage all members to vote.
As the director, if I am re-elected, Adminicus will benefit from innovations that should reduce geothermal underground construction time and cost by 80%-90%. That is something others running for Director may not be able to offer.
J. David Reynolds
A New Model of Democratic Capitalist Development
Throughout the development of Capitalism, the driving mechanism has been a concentration of power in the hands of managers and shareholders, which has led to priorities that served primarily those managers and shareholders. This has led to a number of unfortunate results, including anti-democratic decision making which leads to the exclusion of other stakeholders in important social and economic decisions. This often leads to negative consequences, especially in sectors of Capitalism, like energy production and distribution, that directly affect people’s most basic quality of life.
If you examine that sector in particular, especially the electricity generation and distribution part, you find that undemocratic models are the rule as opposed to the exception, with the few municipally own electric company holdouts. Investor-owned utilities have a long history of trying to buy or break up municipal utilities, with devastating consequences. Read the book, Power Struggle, by Richard Rudolph and Scott Ridley, for the full story.
A new model of Capitalistic development is being worked on that will try to mitigate some of the more negative consequences of energy development policy, and create a positive development model that increases the benefits to all stakeholders, not just the investors and managers. The model reorganizes the priority of the stakeholders where it is more like a cooperative than a traditional corporation. Traditional corporations are controlled by the majority of stock. One person or entity can buy as much stock as they want, and are considered to have “bought” the company once they have purchased a controlling majority. The opinions of the other shareholders are not considered much, and stakeholders that are not even minority shareholders are given even less consideration.
The new model would convert the concept of “shareholders” into “members”. Each member could contribute as much as they wanted towards the capitalization of the company, but would only ever have one vote. They would be repaid profits commensurate with their contribution share, but having a larger return stake would not give them any superiority with regards to decision making. Decisions would be made by management on a day to day basis, subject to review by the membership acting as a decision making body via secret ballot. Decisions would be confirmed by a majority of voting members, similar to what a board of directors would do normally.
One enterprise that is trying to implement this new model is the Adminicus Green Energy Jobs Consortium, which is trying to crowd-fund development of a closed-loop geothermal power plant, as the centerpiece of a new-model industrial park.
The plant would both prove the concept of a medium-scale deep-earth closed-loop geothermal electrical generation system, and also use the electricity generated by the plant to drive development of an industrial park organized around this new business model. The electricity sales from the plant to both industrial park and external customers would provide revenues for the membership in the form of profit sharing and also capital to fund businesses that want to operate in the industrial park under the new business model.
The investment capital generated by the power plant would go into a fund which would be distributed to businesses who would submit proposals for consideration to the membership. Periodically the members would be prompted to vote on which proposals should receive funding. A core consideration for acceptance of proposals will be the quantity of good jobs at fair wages that will be created as a result of the investment.
For more information on this model or to participate in the power plant crowdfunding project, visit the Adminicus website.