ABSTRACT
Six elements are discussed as aspects of a policy for the economic subsystem in the fourth industrial revolution. The six elements are: democratization of the economic subsystem, economic equalization, control over one’s daily life, directing competition policy, the organized market and unique competence. An active focus on the three elements – the democratization of economic life, economic equalization and control over one’s daily life – will counterbalance one of the greatest financial consequences of globalization: namely, the centralization of financial capital. If hyper-competition is the fundamental regulatory principle of economic life, this will probably lead to the emergence of a raw and brutal capitalism. Similarly, the economic collaborative networks will also be dependent on personal relationships to strengthen performance because trust will replace controlling mechanisms. It seems reasonable to assume that the economic aspect of globalization will lead to increased tensions, due to differences between profits and wages.
