Postcapitalism, framed through finance, is an economy of continuous creation of new value-forms: in it, all agents can issue assets to be used as collateral if recognized as valuable by the network.
Our first wager is that postcapitalist value-creation will emerge from finance as the frontier of capitalist economic change. Explaining this connection forms the substance of the Protocols for Postcapitalist Expression book, which begins by describing the difference between capitalism and postcapitalism as a financial 'spread', defined by the different answers these questions get in the capitalist and the postcapitalist economic networks:
What counts as liquidity? What counts as collateral? What counts as 'surplus'? And who decides each of these?
Economic Space Agency is working on a grammar for postcapitalist economic-organizational expression that allows us to formulate the new answers to these questions. The place where this postcapitalist economic network language is spoken and understood is the postcapitalist economic space: a place of value creation where qualified values can be expressed, composed, and rendered interoperable. It multiplies denominations, which remain interoperable because they share the same grammar.
In other words, the postcapitalist grammar is a more expressive medium to describe our economic networks, their participants, the nature of their relations and how they change, what they value, how it is counted and exchanged. It is a medium that can make the value of any intangible, relational, informational thing (expression, care, the biosphere, community) offerable, exchangeable, investable, liquidity-creating, leverageable — economically expressible and relatable — without collapsing all its information into "price" and "profitability".
Our second wager is that a clear spread will open between what the capitalist and the postcapitalist economic space make possible: a clear difference in expressive capacity, accessibility, stability, adaptability, scalability, privacy, functional equality and programmability. The ECSA token is designed to capture a share of that spread: it rewards early participation and offers exposure to the economic performance of the postcapitalist economic network — not ownership of the network infrastructure, which is open and free to use.
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