# Current Social and Economic Issues

## GA 332b

### Memorandum: A Company to be Founded

It is necessary to found a bank-like institution that serves economic and spiritual enterprises in its financial activities, which are oriented towards the anthroposophically oriented world view, both in terms of their goals and their attitude. It should be distinguished from ordinary banking enterprises in that it not only serves the financial aspects, but also the real operations that are supported by the financial side. It will therefore be particularly important that loans, etc. are not granted in the way they are in ordinary banking, but rather from the factual point of view of the operation to be undertaken. The banker should therefore be less of a lender and more of a merchant who is familiar with the subject, who can realistically assess the scope of a transaction to be financed and make practical arrangements for its execution.

The main focus will be on financing such ventures that are likely to place economic life on a healthy associative footing and shape intellectual life in such a way that legitimate talents are placed in a position where they can express themselves in a socially fruitful way. What is particularly important is that, for example, enterprises are centered that currently yield well, in order to support other enterprises with their help, which can only bear economic fruit in the future and above all through the spiritual seed that is now poured into them, which can only come to fruition after some time. It is necessary for the bank's officers to have an insight into how the view of life that comes with anthroposophy can be translated into economically fruitful action. To do this, it is necessary to establish a strict associative relationship between the bank's administrators and those who, through their ideal work, can promote understanding for an enterprise to be brought into being.

For example: a person has an idea that promises economic fertility. The representatives of the ideational world view can create understanding for the social consequences. Their activities are financially supported by the amounts to be received, which are also intended to support the economic and technical realization of the idea.

The main focus must be on supporting the anthroposophically oriented spiritual movement itself. The building in Dornach, for example, cannot support anything at first; nevertheless, it will bring a mighty economic return in the future. It must be made clear that everyone can support it materially, while respecting their financial conscience, if they only count on its material fertility over a longer period of time.

The undertaking must be based on the realization that technical, financial, etc. activity can develop branches that may temporarily produce favorable results for the individual entrepreneur, but that have a destructive effect in the context of the social order. Many recent undertakings were oriented in this way. They were capitalized, and it was precisely through their capitalization that the social order was undermined. Such endeavors must be confronted by those that arise from healthy thinking and feeling. They can be integrated into the social order in a truly fruitful way. However, they can only be supported by a social mindset inspired by anthroposophically oriented spiritual science.

It is true that an undertaking such as the one characterized here can initially only overcome the social-technical and financial possibilities of crisis, and that it will face social difficulties as long as these, as the actual workers' question, still take the form that comes from the old mode of production, which is doomed to crisis. The workers involved in the new ventures will, for example, behave in the same way towards wage differences as they do towards old-style ventures. However, one must not underestimate how quickly a company of the kind characterized here can also have socially beneficial consequences if it is managed properly. This will be seen. And the example will be convincing. If a project of this kind comes to a halt, then the workers involved will have their convictions with them when they get back on track. Only by aligning the interests of manual workers with the spiritual leaders of enterprises, through a way of thinking that affects all classes of people, can the forces of social destruction be counteracted.

The basic condition is that spiritual endeavors are intimately connected with all material ones. We cannot achieve such an orientation with the forces currently available in the anthroposophical movement because we do not have a practical enterprise in its bosom that has grown out of its own forces, except for the Berlin anthroposophical publishing house. But this alone is not enough to serve as a model, because its economic orientation is only the external expression of the power of spiritual science as such. Only those undertakings can be truly exemplary that do not have spiritual science as such as their content, but that have a content that is based on the spiritual scientific way of thinking. A school as such can only be considered exemplary in this respect when it is financially supported by only those undertakings whose entire institution has emerged from spiritual scientific circles. And the Dornach building will only be able to prove its social significance when the personalities associated with it have brought into being such enterprises that are self-supporting, provide the people who support them with the appropriate maintenance and then still leave so much that the deficit always demanded by a spiritual enterprise can be covered. This deficit is not really one at all. For it is precisely the fact that it arises that brings about the fructification of material enterprises.

You just have to take things really practically. That is not what the one who asks does: How, then, should one do a financial or economic enterprise in the sense of anthroposophically oriented spiritual science? That is simply nonsense. Because you don't do anything practical with mere thoughts. It is essential that the powers organized in the anthroposophically oriented spiritual movement itself undertake the enterprises, that is, that bankers, factory owners, etc., join forces with this movement, that the Dornach building become the real center of a new entrepreneurial spirit. Therefore, no “social”, “technical” etc. “programs” are to be set up in Dornach either, but rather the building is to create the center of a way of working that is to become the way of working in the future.

Those who decide to give financial support to the Dornach enterprises must understand that we have now reached the point where supporting enterprises in the old sense means investing in the sterile, and that supporting one's money today means supporting future-oriented enterprises that alone are capable of withstanding the devastating forces. Short-sighted people who still believe that something like this has never borne financial fruit will certainly not join the Dornach endeavors. Those who do join must be far-sighted people who are truly capable of financial and economic judgment, who understand that wanting to continue muddling along in the old ways is digging a secure grave for themselves. These people alone will not follow the destructive course of the last four to five years. Working with companies in the same old style means nothing more than using up financial and economic reserves. Because even the reserves of raw material and agricultural production, which last the longest, are being used up. Their financial and economic fructification does not lie in the fact that they are there, but that the work is possible through which they are supplied to the social organism. But this work belongs entirely to the reserves. Everything for the future depends on a new spirit also being given the leading position in the individual enterprise.