Interesting Exchange On Evonomics Online Magazine

TH:  We need to think in terms of fully automated systems and abundance.
Current CO2 levels are forcing the system by 2W per m^2. That is less than 0.2% of incoming solar energy.
Lauching mass from automated systems on the moon to create mirrors at L1 that allowed us to modify the incoming solar energy by just 1% would allow us to counter all current global warming.

We need it.
We need it soon.
We need it for all sorts of other reasons that most people don’t want to think about because thinking about such risks causes them to go into anxiety attacks.

We have the ability to produce a world where everyone can experience security and freedom far beyond what most experience today.
And such freedom comes with responsibilities, so it is not freedom from all constraint (that is extinction).

The cost of such security and freedom, is giving up using markets as a dominant measure of value.

As a transition strategy, a Universal Basic Income (a relatively high one), will allow us time to make the necessary changes.

On current trends, this technology can be available by the mid 2030s, if we make it a priority.

If we don’t, then we are not looking at sea level rises of a few cms, but rather of 10s of meters.
Loss of ports and coastal cities. Temperature is rising exponentially, as positive feedbacks kick in.
The problem is perfectly solvable, but it has to be acknowledged before it can be solved.

This is a problem of far greater magnitude, at the same time as it is an opportunity to create something that has never before existed – a truly just and stable society, that has as its highest values individual life and individual liberty – both of which demand responsible actions in social and ecological contexts.

Me:  You’re right. Survival is doable…if we change the monetary, financial and economic paradigm from scarcity to abundance.

That doesn’t mean encouraging profligacy, but it DOES mean relative abundance for all WHILE we make damned good and sure that we concurrently proceed with post haste with the projects that are necessary to human and other species survival.

In fact non-survival is not an option and survival trumps EVERY OTHER consideration. So let us end the biggest stumbling block to proceeding with such by making such projects financeable.

That means we end private for profit money creation so that finance/cost is no longer a consideration for such necessary projects, and awaken to the simple (but not simplistic) way to not only prevent inflation, but rather to beneficially integrate price deflation into profit making systems.…

TH: Align with the first 3 paragraphs.

Not so sure about the last. I spent a bit of time on Douglas and his approaches 35 years ago, but wasn’t entirely convinced; and it doesn’t deal with the abundance issue – of any exchange based monetary system being systemically incentivised to remove any universal abundance. We see so many instances of that now, particularly in the realm of intellectual property, but also many other places.

I notice in much of your writing you align with the high basic income model. We seem to agree about far more than we might disagree.

Me:  Yes, I’m sure we’d agree much more than disagree. Douglas’s Social Credit was a great theory and Keynes was the banks’ fall back response to it, it’s just that it was never a new paradigm. I have run my innovations of Douglas’ policies by the people who hold the torch for Social Credit and they just cannot embrace it. I think because they are hung up in General Equilibrium theory when what we need is “the higher monetary disequilibrium” that a 50% discount/rebate policy at retail sale would effect. Along with the dividend and discount/rebate policies ridding ourselves of for profit private money creation is essential IMO because it violates both Occam’s Razor and Lord Acton’s dictum regarding power. Until we rid ourselves of the idea and the main structural impediment to rapid action for planetary survival, that ecological sanity is “too expensive” because private for profit finance is sacrosanct….there will be no real action in that direction. A public monetary and financial system of course could be just as problematic as our private one….unless it was made a constitutionally separate fourth branch of government that was guided by the policies above which firmly and directly align with the concept of the new paradigm, namely graciousness as in love in action/policy and viz economics monetary grace as in gifting. Paradigm changes are characterized by conceptual opposition to and complete inversion of the current/old paradigm. They also have a new tool and/or insight that opens the possibility of changing temporal universe reality. The discovery of the power and leveraging point of an abundance creating monetary policy at the point of retail sale is just such an insight.

You’re technological ideas ARE very interesting.


Life Lessons Learned: Happiness For All

Name of a corporation offering immersive experiences designed to create peak experiences, integrative thinking and learning and the consequent happiness that a positive attitude in life bequeaths one.

Personal Quote

Those who do not see that grace is always the best solution for any human interaction and any policy in any area of human endeavor simply have not learned to fully trust and integrate love into their thoughts and actions…which is the definition of grace.

Steve Hummel 07/19/2019

Posted To RWER Blog 07/19/2019 Regarding Wisdom and Paradigm Perception

Economics of course, like every other area of human endeavor, needs rules/ethics. The laws of economics, like for instance the paradox of thrift, are not laws at all but only conundrums enforced on the economic system by the current paradigm of the monetary system, namely Debt Only, and would be resolved by integrating the new and primary monetary paradigm of Abundantly Direct and Reciprocal Monetary Gifting.

It is logical that MONEY is the most potent and significant aspect of a MONETARY economy, so why not look at it using every one of the tools available in order to perceive how to make the money system serve us…instead of floundering around and allowing it to be a huge 5000 year old parasite and quasi psychosis, and so remain the main obstacle to economic free flowingness as it is today?

The debates about money get as ideologically rigid as the debates over economics. The two main considerations we need to have in examining money are 1) it has many aspects and definitions, but it is most basically accounting and 2) its current paradigm for the form and vehicle of its distribution is monopolistic/exclusionary and has been used to dominate the economy and the populace for the entire history of human civilization….so we most urgently require a new monetary paradigm.

Paradigms being continuing patterns are virtually hypnotic and so are virtually mentally accepted whole. They are like breathing, an essential activity we are normally unconscious of. Routinely being able to perceive them requires the integrative mental focus and discipline utilized in consciousness raising processes that exist in all of the world’s major wisdom traditions.

Two of the economists I have learned the most from about economics, Michael Hudson and Steve Keen, are contributors here and emphasize and share the above accounting and parasitical natures of the money system. They’re brilliant but, sorry to say, they’ve not acculturated the means of deciphering paradigms old and new. Hudson’s books about parasitical finance and his recent book about debt are excellent, but he misses the simple (but not simplistic) accounting operation that if intelligently applied as monetary policy would effect paradigm change. Keen looked straight at the new paradigm in recognizing that neo-liberal economics ignored money, debt and banks and yet did not perceive the concept that defines it. He even uses Godley accounting tables to enlighten the monetary effects of debt deflation and so how the flow of excess costs that technologically advanced capital intensive economies are inherently and increasingly afflicted with…must be addressed. But he missed/did not perceive the new monetary paradigm concept and how to integrate it into the economy in ways that would resolve its problems and benefit all agents individual and commercial.

The superlative mental discipline of wisdom/the integrative state of mind which includes math and science is required to fully perceive paradigms old and new is necessary….the better to perceive the pungently simple and resolving along with the delicious but much less enlightening complexities of only the problem.

The 50% Discount/Rebate Monetary Policy: The New Paradigm Expressed

Grace/graciousness as in abundantly direct and reciprocal monetary gifting (two way gifting/giving and receiving) is the concept of the new monetary, financial and economic paradigm. The 50% Discount/Rebate monetary policy at the point of retail sale exactly and precisely expresses/acts out that concept in the economy.

Integrates price deflation beneficially into profit making systems

Is a complete inversion of realities and an ender of orthodoxies which are the cardinal signatures of paradigm/pattern changes

The Assist of the New Paradigm

The new monetary, financial and economic paradigm of Abundantly Direct and Reciprocal Monetary Gifting is a huge assist to every individual and every enterprise, except private finance of course whose monopoly paradigm of Debt Only is the dominating and manipulating present paradigm and so must be replaced by monetary gifting and its policies, regulations and structural changes.

We have to become smarter and wiser than the ancients who only ever palliated the monetary paradigm with jubilees and/or unceremonious and uncivilized executions of the financial elite. My book Wisdomics-Gracenomics shows the way forward to that accomplishment. Besides the more than doubling of everyone’s potential purchasing power and the consequent more than doubling of actually available money for every enterprise’s goods and services, here are the key “knock on” benefits of the policies that can result with the implementation of the new paradigm:

elimination of transfer taxes

large individual and business income tax reductions

cost savings for both individuals and enterprise

beneficially integrating price deflation into profitmaking economic systems

fast forwarding of sane ecological policies, regulations and projects

extending the current ending point of the economic cycle from retail sale to the point and time of note signing with an additional 50% discount/rebate monetary policy so that the money system serves everyone instead of enslaving them

Immediate ability to re-industrialize the nation in the most efficient, productive and ecologically sane way possible

Likely political integration and social/psychological rejuvenation

With the intelligent acculturation of even a modicum of wisdom a tremendous increase in human purpose, human happiness and increased self actualization/consciousness raising


Models, Paradigms and Zeitgeists

Models do not give us explanations because they do not go to the essence of what the models are trying to elucidate. Epistemologically they’re not designed to do that. They’re designed to model NOT to express the essence of that model…..which is its paradigm/pattern.

Zeitgeists/ethics of an age are even more mentally and ethically integrative than paradigms. Finance capitalism’s zeitgeist is the overt power of debt only. Social Democracy’s zeitgeist is the covert power of extractive re-distributive taxation. The zeitgeist of Direct and Reciprocal Monetary Gifting is grace as in universal monetary, economic and financial abundance and grace as in REDEEMED power.