Dork of Cork,

Yes, utopias as envisioned by Finance Capitalism and Socialism will never work because they do not set the individual economically and monetarily free…to create his/her own utopia. The individual is the key policy target and ingredient of any complete theory, and nearly every one of them either miss, or in the case of austerians, dismiss this fact.

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@Dork

You’re really speakin’ my language with “We need to dethrone abstractionism and en power individual sovereignty.” That plus we need to overcome the cognitive dissonance we have between philosophy and policy. Curiously the church in going into agreement with power rejected the greater power of its philosophy of Grace…and the rest is history. From a purely secular and valid economic point of view grace as in the free and direct monetary gift to the individual has no such dissonance, and Gifting as policy empowers both the traditionally productive enterprises of the economy, the government to spend on rationally needed and innovative infrastructure and with a sufficient gift sets the individual free as well. It’s a win-win, proactive integration of philosophy and policy which also incorporates the insights of cutting edge thinking like Disequilibrium Theory and MMT.

We should try it…we’ll like it. 🙂

Posted later

Yes Neo-liberal DSGE theory and ideology infiltrated the thinking of nearly all economists, and politicians being notoriously ignorant, unimaginative and servile to power have lead us to where we are. I couldn’t agree with that more. But what this analysis does not include is the insight that the micro-economy itself is inherently cost inflationary and so injecting money into it whether via government spending to enterprise for infrastructure etc. or private financial means to enterprise….will re-initiate that cost inflation…instead of resolving it. The indirectness of policy (to enterprise first instead of directly to the individual) is the ultimate mental hurdle theorists on both the left and right must overcome.

The right needs to ask itself whether it values capital ideology and power more than individual freedom and systemic free flowingness, and the left needs to ask itself whether it values socialist ideology and power more than individual freedom and systemic free flowingness. There is a third way.

Direct monetary Gifting to the individual (and back to enterprise after they have gifted the consumer with a retail discount) resolves the problem of cost inflation and of ideologies on both the left and right.