….but the solution to its deepest and most urgently needed to be resolved problem is WAAAAAAAYYYYY simple by comparison.
The problem:
As a flow, Costs exceed individual incomes simultaneously produced for numerous reasons. In addition capital costs due to the level technological sophistication and complexity of the productive process are also increasing while aggregate individual incomes are also increasingly being reduced by innovation and artificial intelligence. Economists are unconscious of the costing/pricing system and so do not look at it and model it. Finally, macro-economists are not conscious of how unbalanced and blinded they are by the idea of Debt itself, i.e. the obligation to pay money back…and so they cannot conceive that integrating monetary grace the free and costless gift into economic theory…is the way to resolve the current long standing disequilibrium that has plagued the economy
The solution:
A continuous monthly supplemental gift of income to everyone 18 and over of sufficient size to free individuals from the coercive power to force them to seek employment even though businesses and the entire economy increasingly cannot create such level of employment and remain profitable.
Reduce prices at retail sale to the individual sufficiently to create price deflation and hence an actual increase in individual purchasing power. As retail sale to the individual is the place where all costs for any item is terminally summed and after all previous enterprises have already discovered/assessed the price they require to remain profitable discounting that price EVEN BY 40-50% CANNOT HARM THE RETAILER OR ANY ENTERPRISE IN THE ENTIRE PRODUCTIVE PROCESS especially considering that those discounts are fully rebated back to the retailer anyway. Its simply a matter of utilizing the digital nature of the money system…in order to free the individual and enable the system to serve us instead of allowing the business model of Finance to dominate every other business model and every individual in the nation.