I’ve studied all of Steve Keen, Michael Hudson, MMT and Ellen Brown and they all are excellent and accurate analysts. They are all system’s analysts which is a very good way to analyze a system’s problems, and they’ve got the core area of the economic, monetary and financial problem completely surrounded. As Steve Keen has said: “The problem with neo-classical macro-economics is that they ignore money, debt and banks.”
But what we desparately need is what R. Buckminster Fuller referred to as system’s philosophers, that is conceptual analysis of the system and its single operant applied concept also known as the present paradigm in order to better discern the new paradigm. And that, as far as I can see, is what I alone have done.
Paradigms are single concepts like helio-centrism as opposed to geo-centrism that define, describe and enforce the realities, including the seeming unresolvable problems, of the present anomalous pattern under analysis.
So the above systems analyst’s suggested reforms all have to do with “money, debt and banks”, but thats just the core problem. So what is the core applied concept/paradigm in those areas that resolves those problems and changes the character of the entire pattern?
The present monetary paradigm for the creation and distribution of new money is Debt Only which means you can only create and distribute new money as Debt as in Burden to Repay Only. Importantly, the words Only designates the paradigm as monopolistic. History tells us that all monopolies are problematic, and Lord Acton’s dictum that “Power corrupts, and absolute power corrupts absolutely” succinctly describes that truth very accurately.
The new paradigm concept doesn’t end debt altogether, rather it ends its monopolistic nature, that is it removes the word Only from it, and that enlightens us to the new paradigm concept itself which is Direct and Reciprocal Monetary Gifting, Monetary Gifting for short.
Finding the best ways, places and times in the economic process to implement the new paradigm and its policies is what I outline in my book.