Socialism and Communism have failed, but now Capitalism is failing us.”

Jo M. Sekimonyo

Jo M. Sekimonyo is a theorist, human rights activist, political economist, and social philosopher who coined the term "ethosism". ​On the Labor Theory of Value, Sekimonyo argues that in the twenty-first century, instead of the average number of labor hours, the quality of the means nested in an enterprise to produce a commodity or provide a service establishes relative prices. ​In this context, labor is no longer viewed as a cost but one of the profiteers, as it ought to be. The working class is no longer a cost but one of the profiteers, as it should be. ​ Much of his writing has been concerned with "economic injustice, poverty, and egalitarianism". ​His work has been translated into over ten languages. ​Sekimonyo argues that the ability of individuals to understand the world and creatively respond to challenges that confront humanity is key to alleviate poverty. He facilitates several workshops and seminars every year throughout the developing world geared towards stimulating debates around global social issues and mainstream economic theories. ​He is the founder of "En Charge", an independent, non-partisan organization that promotes the participation of young people in social, political and economic dialogues at the national and global levels. ​His more recent work deals with an alternative to capitalism; ethosism.

All Jo M. Sekimonyo quotes | Jo M. Sekimonyo Books