You’re all nascent social crediters, That is you’re all awakening to the inherent systemic scarcity of INDIVIDUAL incomes produced in ratio to costs, and also in view of the fact that the preceeding systemic and INHERENT condition is not resolvable in anyway by mere cost cutting but by dual policies addressing BOTH increased INDIVIDUAL incomes and reduction of costs.

You’re also all unconscious socialists because free enterprise cannot survive the above unresolved inherent condition, and that inherent condition is resolvable by neither inaction nor by policies that are anything but DIRECTLY TO THE INDIVIDUAL AND THAT ENTER THE SYSTEM ONLY AT THE POINT IN TIME WHERE COSTS ARE TERMINALLY SUMMED, i.e. at retail sale.

Zume Pizza Robots, Uber’s Security Robots, Local Delivery Robots Invade London

Tim:  Sweet use of the caps lock button!

Me:  Thanks. Emphasis does impact consciousness a little more than normal text, and also is meant to break time into units/new units of time thus inviting one’s consciousness into the present moment….which not coincidentally is the only place and time where new thoughts are actually made.

Kreditanstalt:  Possible trend #1: Living standards will fall as good paying jobs become scarce…but human technical ingenuity, however capable, cannot create wealth and thus cannot raise those living standards.

Possible trend #2: The loss of incomes earned through production necessitate moves toward “guaranteed income”, paid for via money-printing, create persistent and growing generalized price inflation.

Me:  These are not only trends they are inevitabilities because the internal logics of profit, innovation and AI are all efficiency. Profit-efficiency of cost/labor cost, innovation-efficiency of human effort and AI-efficiency of human input at all. And which of these three will go away or are any of you going to do without?????? None of them is the answer….and it would be absurd to even consider doing so.

Stop intellectual fragmentation, stagnation and prevention of the integration necessary in economic theory. Consider Wisdomics/Gracenomics the integration of liberal and Austrian economics.

wisdomicsblog.com

Ron J:  Venezuela. It is socialism that is not surviving.

Me:  Who’s touting Venezuela? Not me. For the umpteenth time Wisdomics/Gracenomics is NOT socialism.

madashellowell:  I’m wise enough to know when someone is trying deny reality.
After thousands of years of human history and fundamental economics, why is it that we are still trying to invent something new, claim it as the ultimate in sustainability, when the definition of sustainability is governmental force? Why can’t we acknowledge that economics is a natural process that only really runs amok when government tries to improve and make it more efficient and fair?
Leave us to our own free actions and their consequences and STOP trying to FIX us.

Me:  That is a typical libertarian general equilibrium theory response. The only problem with it is the economy does not inherently tend toward equilibrium, but is inherently in a state of disequilibrium of total individual incomes in ratio to total costs. It also perfectly expresses the libertarian’s favorite “hobby horse”, crank and irrationally general computation that utterly conflates government and tyranny. If a government’s policies actually solve the actual and deepest problem of the economy and are simultaneously the definition of individual economic freedom and systemic free flowingness…..then they will effect freedom. A = A. Check your premises.

madashellowell:   You would have to admit that is it extremely difficult to find ANY large, centrally controlled system that actually works and is not rife with corruption and “unintended consequences”. Especially when we are talking about the vast wealth of which you seem to think they can control. We look at our world economy now and it is broken due to constant government intervention and belief that THEY can control and fix things. And governments employ thousands of Harvard educated types to delve into these waters and each has their ultimate theoretical solution….yet virtually NONE of these intelligentsia will suffer the consequences of those theories. They set safe and secured in their tenured professorships and government positions. It is the rest of us who will be forced to take it, take it on faith.
I can appreciate that you have studied this issue and resolved your grand solution, but speaking for myself, I would rather take my chances with a free economy.

Me:   Of course I see that. I’m no fan of intrusive government. I’m for graciously freeing government. But both pundits and politicians have to cognite sooner or later on the aspects of the philosophical concept of Grace….which perfectly reflected in policy are the integrative answer. Steve Keen is probably the best economist on the planet, but he’s still got half his mind in the old paradigm of Debt and Power. We need a movement for the integration of direct free monetary Gifting into the paradigm of Debt Only. We need a movement for the integration of Grace which is the intention to take power…..in order to give it back to the individual….into the dominant paradigm of Power Only. That movement is my Project Wisdom and Grace which shows the individual and the small to medium business community that they share a mutual interest in the policies of “a modern debt jubilee”, a universal dividend and a deflationary retail discount to prices which is then in turn rebated back to retail merchants so that they can be whole on their margins of profit and overhead payments.

wisdomicsblog.com