HH: Thanks to Bichler and Nitzan. Yes, we at Ethical Markets agree with this analysis , yet since I have advised on developing ESG screens for corporation for 20 years, I realized that corporations are the puppets of finance. So I have moved my analysis up the food chain to examine central banks and the politics of money-creation, credit-allocation and demanding the asset purchases under Q.E. be disclosed for their climate risks and fossil content, as TFCD now demanding of corporate accountants.

Me: That is correct Hazel. Finance and its monopolistic paradigm of Debt Only is the deeper problem. Multi-national corporations with global reach are the temporal/structural means of Finance’s expression of that paradigmatic power.

And the way to bring about the revolt of the corporate bourgeoisie against Finance that will in fact lead to the thirdness greater oneness that is the synthesis of capitalist vs socialist ideologies is to recognize the new monetary and financial paradigm concept of Gifting…the policy expression of which are the universal dividend and the 50% Discount/Rebate policy at the points of retail sale and at the point of loan signing.

Yoshi,

Monetary Gifting/Direct and Reciprocal Monetary Distributism intellectually INCLUDES and ENCOMPASSES complexity, evolution and emergence because it aligns with the thinking of the leading reformist movements like MMT, Minsky’s financial instability hypothesis, Public Banking and the various movements that advocate for UBI/Universal Dividend.

It systemically RESOLVES its major problems (individual and systemic monetary austerity and price and asset inflation) and hence TRANSFORMS it into a system of abundance and fluidity.

Economists and economic pundits need to cognite on the natural philosophical concept behind the above new paradigm, i.e. grace as in gifting, grace as in dynamic flow/process/evolution/emergence, grace as in unity/union of the particles of truth in opposites and grace as in ethical height and refinement. Then they will realize:

“Only the free-wheeling artist-explorer, non-academic, scientist-philosopher, mechanic, economist-poet who has never waited for patron-starting and accrediting of his co-ordinate capabilities holds the prime initiative today.”
R. Buckminster Fuller

And they may also realize that the natural philosophical concept of grace is actually the new cosmological paradigm.

The mathematical nature of the 50% Discount/Rebate policy and the place and time in the economic/productive process of its implementation (retail sale) absolutely makes it paradigm changing.

It resolves the deepest problems with general solutions for all legitimate economic agents both commercial and individual. It fulfills every one of the accomplished signatures of historical paradigm changes including philosophical/conceptual opposition, temporal reality inversion, new or re-discovered tool and/or insight, the ending of dominating conceptual and structural monopolies, integrative thirdness greater oneness of the particles of truth in dualing perspectives and increased abundance, freedom, survival and ethical awareness across bodies of knowledge/areas of human endeavor not directly related to the primary pattern change.

This latter signature is also that of the mega-paradigm change also known as a zeitgeist, that is, the primary spirit, mood and idea of the present age. In other words it is the new over all pattern of current patterns.

If such types (individually or commercially) (mistakenly) claim we’re forcing them to accept socialism, or complain its their right to refuse if it is contrary to their principles we can tell them: “Fine, you can opt out of the universal dividend and/or the 50% discount/rebate policies, but if you don’t opt in originally you have to wait 10 years before you can change your mind and opt back in.

AJ: Thank you, those who commented on my question about the purpose of an economy. Very interesting and helpful in my thinking. Responding to one of Craig’s points, though, I would say the major outness of our contemporary economies is the fact that it is entirely permissible to withhold what is essential for life for the sake of money. If I can find a way to make millions by starving people in remote lands (speculating on commodities futures, for example, or privatizing a water system) our present economic paradigm and our existing laws have no criticisms to offer. This is surely wrong and I don’t feel that a new paradigm is needed to know this.

Me: “I would say the major outness of our contemporary economies is the fact that it is entirely permissible to withhold what is essential for life for the sake of money.”

Correct. That is the result of the increasing financialization of the economy, and ending the monopoly creation of money by creating a publicly administered non-profit money and financial system aligned with the gracious and wise policies of Wisdomics-Gracenomics would end Finance’s monopoly paradigm of Debt Only, create economic democracy, greater general prosperity and enable ecological sanity.

“This is surely wrong and I don’t feel that a new paradigm is needed to know this.”

Correct again. But to ACTUALLY FIND a new paradigm concept you need to be aware of the signatures of historically accomplished paradigm changes like a new tool and/or insight, conceptual opposition, willingness and ability to embrace apparent illogic and/or orthodoxy and complete inversion of present pattern reality.

Social science/the mindset of science is a good tool for deciphering complexity. Wisdom/the integrative mindset is the correct mental discipline for resolving complexity and finding deep and effective solutions.

Old Buddhist proverb: Before enlightenment the novice saw mountains, streams and trees. After enlightenment he saw mountains, streams and trees wisely.

I: “Vanity of vanities. All is vanity.

Me:

“Vanity of vanities. All is vanity.”

Indeed.

Of course if it were much more profitable to pursue alternative energy sources and much less costly to purchase green consumption of all kinds because twin 50% discounts/rebates at retail sale and at the point of loan signing enabled such ecological sanity and also enabled the kind of mega fiscal projects needed to off planet/under planet the most CO2 polluting means of production, then climate change might be sufficiently mitigated for technological civilization and the large percentage of human and all other species might survive.

That’s all.

Econometrics generally apply to reductive/selective research and observations. True and actual paradigm changes however are always characterized by conceptual opposition, inversions of temporal reality and entire pattern changes…as that is what a paradigm is, a mental and temporal pattern change.

Paradigm changes are the closest thing to magic that we can experience short of what is referred to as cosmic consciousness, which experience is simply a direct integration of the normal egoistic consciousness with a higher level of awareness of the electro-magnetic milieu that is the present moment.

If you want a new economic model and new purposes for it you have to look for its major outness (money, debt and banking), discern the paradigm concept of that outness and then replace it with a new concept that fits seamlessly within the legitimate structures of the pattern under consideration and yet changes its character while resolving its major outness. The means of that new conceptual implementation requires a new insight or insights.

This is the scientific, philosophical and paradigmatic process. All else may be legitimate research, but at best is only palliative reform and at worst habitual abstraction and regurgitative erudition.

The purpose of production is consumption in the most technologically efficient, ecologically sane and ethically humane ways possible. The current monopolistic monetary and financial paradigm of Debt Only as the sole form and vehicle for the creation and distribution of money lays directly across all of these purposes and is the deepest reason that most of our economic, ecological, social and political problems are kept in suspension. Finding the right new monetary and financial paradigm concept and then implementing it is the first order of business.