ARROYO GRANDE, Calif. (MarketWatch) — Yes, it’s war. Wikileakers vs Wall Street’s mafia-like code of silence ... Wall Street’s obsessive secrecy ... Wall Street’s war against transparency … Wall Street’s relentless lobbying to defeat all government efforts to expose how much Wall Street is stealing from middle-class taxpayers, investors and retirees.

A war to the death. No compromise. No quarter. No surrender. A war that ends only if wikileakers, whistleblowers and wikihackers crack open Wall Street’s darkest secrets. Or when Wall Street wins and along the way destroys the American middle class.

Impact of global wealth creation

Master wikileaker Julian Assange is on “Wanted” posters, on Forbes, the New York Times, 60 Minutes, everywhere. Wall Street is pushing government to silence this guy. He went public with a half million classified U.S. government, military and diplomatic documents.

Worse, he’s created a whole new industry of wikileaker-clones. And soon, he will be releasing a “doomsday file” on Bank of America, exposing a vast “eco-system of corruption” throughout Wall Street banking. Bigger than “the e-mails released by the Enron court,” said Assange in a Forbes interview.

So who’s the second “Most Wanted?” Don Tapscott, the man behind the new “wikinomics,” an economic model the opposite of Wall Street’s elite capitalism for the Super Rich. Wikinomics shows “how masses of people can take part in the economy like never before,” how “billions of connected individuals can now actively participate in innovation, wealth creation and social development in ways we once only dreamed.”

And, yes, Wall Street is afraid. Why? Because wikinomics is democracy in action. And Wall Street hates democracy. The Internet levels the economic playing field. Wall Street hates giving the middle class a fair deal. Wall Street thinks that because Goldman Sachs is hustling the 500 million member Facebook IPO to Goldman’s Super Rich friends, Wall Street is somehow a leader in the new wikinomics economy.

That’s delusional. Quite the contrary, Wall Street’s monopoly on capitalism is being swept along in a “creative destruction” wave triggered by wikileakers, whistle-blowers and wikihackers, and is being replaced by the rapidly evolving wikinomics.

Goldman Sachs will self destruct fighting the new wikinomics

Wikinomics is radically different from Wikileaks. Wikileaks acts as a virus infecting and exposing Wall Street’s corrupted business model. Wikileaks distrusts the secretive old-boy network hiding a corrupt core. In contrast, wikinomics trusts that transparency and mass collaboration will build a new economic order that works for all classes, not just the wealthy elite. In their latest best seller, “MacroWikinomics,” Tapscott and co-author Anthony Williams explain why Wall Street hates everything wikinomics stands for:

“One Goldman Sachs executive said to us off the record: ‘We’re a very private company. The less people know about us and pay attention to us, the better.’ In commenting on the U.S. government fraud charges against Goldman, Roger Martin, dean of the Rotman School of Management at the University of Toronto says, ‘Sadly for Goldman, transparency is not an attractive option. The better Goldman does in explaining exactly what its business is, the more outraged regulators and the public will be’.”

Yes, we are outraged the more we see into Wall Street’s dark interior. And publishing that one quote by a Goldman executive has to be a kiss of death for wikinomics on Wall Street, an act of betrayal as if Assange released a “doomsday file.”

Where wikinomics thrives on transparency, Wall Street makes billions operating with maximum secrecy, minimum disclosure and near-zero transparency. Two radically different ideologies. Polar opposites. Mortal enemies. No compromise. In other words, unless forced, Wall Street banks will never surrender to the principles of wikinomics.

At its core, the new wikinomics is based on six working principles which for a generation have been evolving naturally, in spite of resistance from an entrenched Wall Street and its allies, a global Conspiracy of the Super Rich, fighting to hold onto their power and wealth.

But unfortunately for them, history reminds us that massive concentrations of wealth at the top inevitably end in revolutions, repeating the all-too-familiar “creative destruction” cycle, which is even now replacing Wall Street’s self-destructive capitalism.

Here are wikinomics six working principles, loosely paraphrased. At the core of the model, we see economic prosperity emerging naturally in businesses worldwide, through mass collaboration in communicating and competing.

Networked organizations are already altering how government, business and financial institutions operate, how we educate children, how health care, newspaper, communication and energy industries serve their customers. Their books are loaded with examples of businesses, organizations and individuals already using all kinds of new mass collaboration technologies, revolutionizing economics.

1. Create digital communities, trust they’ll build the new economy

Trust the masses: They’re already light years beyond simple Facebook networking. They are already creating a new global economy to work for all: mass collaboration, sharing knowledge and skills using online platforms, tools, shared communities to generate synergistic results capitalizing on many diverse sources.

Working together we all become creators in a self-organizing mass conversation, innovators building the community, its ideas and products. Wall Street is seeing mass collaboration working for some corporate clients, increasing earnings. But unless forced, Wall Street will never openly collaborate with America’s middle class.

2. Abandon your outdated fortress mentality

Wikinomics encourages everyone to “open up … not just communicating information but sharing business assets … for growth, innovation and profit … sharing within a open-source community.”

But Wall Street can never adopt open sharing of, for example, secret algorithms making billions trading derivatives. Wall Streeters will only share after the next meltdown, no bailouts, widespread bankruptcies, depression and new regulations.

3. Let go! In the new wikinomics you ‘surrender to win.’

Yes, Wall Street hates wikinomics with a passion. Wall Street trusts neither democracy nor transparency: They fear losing control of their secret wealth-creating machine.

In contrast: Wikinomics succeeds trusting on an ancient paradox: “To be strong, to have control, to ensure your security as a community, organization, society … you have to let go.” But Wall Street will never let go, so it is destined to implode and self-destruct.

4. Strengthen leaders emerging naturally in the network

Wikinomics tells us that every mass collaboration community thrives on a “delicate balance between self-organization and hierarchical direction … leaders establish the vision and community values … set the tone … steer the community,” without relying on top-down bosses in hierarchical monopolies. Leaders emerge anywhere on the network.

5. Energize and feed this new culture of collaboration

Wikinomics works by starting small, building communities, creating incentives, driven by inspired leadership. Most of all, individuals inside and outside the community “must be genuinely open to new ideas, regardless of who/where they come from … without jumping in to undermine.” You “give up the instinct to protect turf and re-exert control.”

Wall Street is not wikinomics-friendly turf. But denying it doesn’t make it go away: As mass collaboration strengthens outsiders, Wall Street will be forced to change.

6. Empower America’s young, the new Net Generation

Since the ‘80s the wikinomics economy has been emerging naturally in today’s young generation: The youth of America grew up with the Internet, reared on social networking. They are already on board, trust them. America’s interactive digital environment and new technologies have profoundly affected the way they learn, work, behave and think.

They are natural champions of wikinomics. Trust the young to continue building momentum, break down old models, re-invent systems. In short, wikinomics is already the natural lifestyle for the new Net Generation.

They also see the value of wikileakers in rebalancing the inequities in Wall Street’s dysfunctional capitalism where the rich get super richer, the middle class stagnates and poverty metastasizes as the wealth gap between haves-and-have-nots widens, adding fuel to the coming generational revolution.

Creative destruction: Wikinomics vs Wall Street’s dark capitalism

Solution? Who wins? Wall Street’s obsessive secrecy? Or wikinomics open-book transparency? In fact, the answer can only come after the next meltdown and a systemic collapse. Wall Street’s greed is so culturally deep, they will destroy democracy, capitalism and the American dream rather than surrender their Gordon Gecko way of life that steals billions from America’s middle class for Wall Street’s Super Rich friends.

Yes, not only is a new economy-killing meltdown dead ahead, but America actually needs another meltdown. This time prepare for a total systems failure, the one politicians pushed downhill after the 2000 crash and again after the 2008 meltdown.

But this time we will see many too-big-to-fail banks finally fail, go bankrupt because this time middle-class America and future generations of taxpayers will refuse to accept all the new debt. This time the masses will no longer reward incompetent bankers with bailout protection, will demand wholesale prosecutions for fraud and we’ll finally reorganize our too-incompetent-to-fail Wall Street banks, re-enact reforms tighter than the Glass-Steagall protections.

Bottom line: Wall Street hates the new wikinomics because the Wall Street engine of capitalism is dying, and wikinomics is already replacing it. What we’re witnessing is a natural evolution, a perfect example of Schumpeter’s “creative destruction” cycle where the emerging new “mass collaboration” of wikinomics replaces Wall Street dying capitalism.