Me: Hudson’s research is good of course, but his solutions, precisely like China’s “capitalism with Chinese Characteristics”, are still elitist affirming and empowering and so are still old paradigm. We have to be smarter, wiser and more ethical than the ancients and change the entire monetary, economic and financial PATTERN/PARADIGM from scarcity/austerity to abundance, from religious to wisdom/self actualization, from elitist to distributist, from work to purpose and from unconsciousness of culture to full consciousness of same.
Wisdom is breadth of knowledge and depth of insight wed to a superior pragmatism. The only thing different between wisdom and paradigm perception is a new insight and/or the recognition of the importance and usefulness of a new tool.
Paradigm Perception is the ability to observe and integrate both essence and pattern as that is what a new paradigm is….a singular concept that transforms a plauralism/an old pattern and simultaneously creates a new one.
Me: Nothing of consequence will happen until the new monetary paradigm is recognized and parasitical private finance is replaced by a national non-profit publicly administered monetary and financial system with policies that simultaneously end austerity and yet also enable the proliferation of renewable energy consumer products and the kind of mega projects that can help us survive the crises we face. This is no time for mere reforms or worse yet “hobby horse” erudite stupidity.
L: Agreed, but…how can that be made to happen? We can easily list all the obstacles, but…peaceful resolution is problematic. No?
Me: It can be made to happen by awakening to the incredibly powerful ending/summing/terminal expression/tipping/inverting/paradigm changing point of retail sale with a 50% Discount/Rebate monetary policy.
Steve Keen has de-bunked DSGE, but in that process he didn’t cognite on the way to create what I refer to as “the higher monetary and economic DISequilibrium”…and that is the 50% Discount/Rebate monetary policy at retail sale which takes a simple accounting and algebraic operation (a minus and a plus sum to zero)….but because it is implemented at the above ending/summing etc. point a sufficient percentage (50%+) it inverts individual and systemic economic realities from scarcity-austerity to abundance and from painful chronic price and asset inflation to beneficial price deflation.
Every historical paradigm change has been characterized by a simple as in deep and elemental operation/activity made possible by a new insight or tool, and by conceptual opposition to and reality inversion of the old/current paradigm.
It’s a general and universal monetary assist to the economy and every agent individual and commercial. The policy is the very expression of the new paradigm itself, namely Abundantly Direct and Reciprocal Monetary Gifting.
C. H. Douglas who first suggested a “compensated retail discount” was still captured by the classical concept of economic equilibrium, the concept and temporal implications of quantum theory was still in its infancy in the 1920’s and the word paradigm was not yet a part of the lexicon. Hence he was hampered by his own cultural horizon.
The first essential step is a mass socio-economic and political movement to communicate the individual and business benefits of the 50% retail sale policy and related regulations and structural changes.
You ARE quite correct that the financial powers that be would undoubtedly have no compunctions with fomenting a regional or world wide conflict to avoid giving up their parasitical and paradigmatic dominance, but so much the more urgent that the rest of the actually legitimate business models perceive its benefits.
A 10% BLSS tax will be levied against any enterprise that increases their monthly prices unless they experience an actual long term increase in their costs. Any increase in prices will force a rigorous examination of an enterprise’s accounts and if no actual increase in costs is detected the tax is applied.
Conversely, a 5% Long Term Observation of Virtues and Ethics In Economics (LOVEE) corporate income tax decrease will be given to any enterprise that does not inflate their prices in any quarter.
Steve Keen, who I consider the best economist on the planet, has recently come out with the initial results of trying to derive an energy based growth cycle in economics.
This is a noble research effort to be sure. However, deciphering a new monetary paradigm to replace the present one of Debt Only as the sole form and vehicle for the distribution of credit/money (which hasn’t changed for the entire 5000 year old course of human civilization) could directly and much more quickly enable us to make the most efficient energy choices and changes by inverting the present monetary paradigm reality from “too costly” and “undoable” to as much as 4 times less costly for consumers (while still keeping enterprise completely whole on their overheads and margins of profit), and a straight forwardly rational necessity because survival trumps every other consideration.
Again, complexity and erudition are interesting and even necessary for precision, but compared to the depth of insight and radical beneficial temporal universe effects of paradigm perception/wisdom they are “as filthy wrags”.
The questions to ask ourselves are:
Do we have to have either capitalism or socialism?
What might be a third alternative system that integrates the best aspects of both and deletes
the flaws and falsehoods of both sides of the capitalist/socialist duality?
Is the economic problem economic, or might it be parasitic private finance and its paradigm of Debt Only as the sole form and vehicle for the distribution of credit/money?
Where and how could we implement monetary and financial policies to solve individual income scarcity, systemic austerity and chronic price and asset inflation that all heterodox economists agree are the major problems that afflict individuals and the current systems?
Survival trumps every other consideration and because paradigm change is permanent progression that every other factor or other kind of reversible reform adapts to….the necessity of both are no brainers.
And in the case of the new mega paradigm change to the monetary system, namely Abundantly Direct and Reciprocal Monetary Gifting, both species survival and permanent change is finally enabled.
Economists in particular and everyone else needs to recognize this and go full bore on the rational choice of paradigm change. It’s a no brainer and time is of the essence.