All economic theories are based on a paradigm of scarcity. With the new paradigm of Gifting, monetary abundance for all agents implemented by a sufficient universal dividend and a 50% discount/rebate monetary policy at the point of retail sale inverts the current paradigm’s “reality”.
We have tremendous productive capabilities. We just don’t have the general awareness of how to effectively implement monetary abundance as per above so that every agent can partake of that abundant production, the system is greatly stabilized, its current most thorny problems are resolved our ecological problems can also be adequately addressed.
Like all paradigm changes it’s as simple and yet pattern changing as that.
If the way to analyze the economy is the macro perspective, then economically, why aren’t we looking at the monetary and financial paradigm? Paradigms are the entire macro-pattern and its temporal universe effects.
All current economic theories are based on micro-foundations as the link to a Steve Keen video below shows. He suggests deriving macro only from macro. That’s fine, but then why are we not deciphering the current monetary and financial paradigm and then trying to find a new paradigm to replace it?
Paradigms being both the conceptual essence of a body of knowledge/area of human endeavor and its temporal effects IS THE QUINTESSENTIAL MACRO PERSPECTIVE, NO?
In fact the title of the last power point slide in the above video is entitled Building a New Paradigm in Economics.
The problem of course is Keen and no one else has discovered the new economic insight of the integrative problem resolving power of a high percentage discount/rebate monetary policy at the point of retail sale, which is also the very expression of the new paradigm of Direct and Reciprocal Monetary Gifting, and so progress flounders at best and at worst insures that we run lemming-like over the cliff of economic collapse and ecological suicide.
To paraphrase Richard III’s lament: “An insight, an insight, the economy and the planet for an insight.”
Keen (are you listening Steve) should model monetary gifting directly to the individual in the form of a universal dividend and directly and reciprocally at the point of retail sale in Minsky and in his Godley tables and as new reserve accounts at the central bank labeled Dividend Distributions and for retail enterprise labeled Discounts/Rebates and see how the policies of a universal dividend and a 50% discount/rebate policies at retail sale resolve our deepest economic problems.
6-7 years ago when I was posting to his blog about the importance of examining the economy and money system from a cost accounting perspective he suddenly realized the importance of double entry bookkeeping and the fact that economists could get their PhD and never have to take so much as a rudimentary class in accounting.
Understanding accounting is the ultimate grounding discipline for the abstract mathematical and theoretical fugues that economists and pundits fall into by helping them to focus on the actual temporal process of the economy where they might cognite on the significance of the ending, summing and terminal expression point of retail sale (it’s where production becomes consumption after all) and for economic factors like cost, price, aggregate demand and inflation, and how a monetary policy at that point is so consequently powerful.
Problems are complex. Solutions, particularly integrative ones like paradigm changes are always simple, elemental and permanently progressive.
In other words, if the only way to resist recession is to continually build up government and personal debt, but such debt, because it IS debt and even if it does not have any additional costs like interest, will then inevitably build until it is not servicable, then how can we break out of such a rigged system? And should we simply try to reform/palliate the system, or should we try to actually resolve its unstable nature?
Reformists ignore the monopoly paradigm of the private for profit banking and financial system, namely Debt Only and try to add money to the system in ways that do not deal with that MONOPOLY paradigm.
Paradigm perceivers recognize that the real and deepest problem IS the monopoly monetary and financial paradigm, and call for a new paradigm that reverses the rigged and inevitably unstable nature of it that plagues the economy.
Reforms will never touch the current paradigm while the new paradigm of Abundantly Direct and Reciprocal Monetary Gifting will guarantee everyone a high level of monetary and financial security, make the system stabily free flowing and enable us to immediately and effectively move toward a renewable resource/climate change resolving state and finally having politically uniting, psychologically uplifting and generally evolutionary social effects. That’s all.
The essence of neo-liberal finance capitalism is the paradigm of Debt Only as the sole from and vehicle for the creation and distribution of money/credit.
Integration of the truths etc. of opposites is the very process of wisdom. Paradigms are the essence of patterns, i.e. the second highest integration of the opposites of essence as in a single refined mental concept and the character of the whole of the temporal/physical universe pattern. So perceiving them is the wisdom of the integration of opposites.
The pinnacle concept of wisdom is grace as in love IN INDIVIDUAL ACTION/SYSTEMIC POLICY and if one studies all historical paradigm changes it becomes apparent that all of their effects are aspects of the ethical and temporal concept of grace like abundance, anti-monopoly/anti-dominance, increased freedom, increased knowledge as in data and also as in epistemology, inclusion/unity, ignorance regarding problematic slowing and/or stopping to problem resolution as in discovery, enlightenment and flow/free flowingness, increased survival, etc. etc. And monetary grace as in gifting is simply its newest and most urgently needed expression in the economy.
Grace is the true nature of the cosmos within and without, and awakening to that truth enables us to flow freely, happily and ethically through the maya that ONLY the physical and ONLY force and power as in control are real. The concept and experience of grace resolves, enlightens and unites even that.
Next topic of conversation please. Bob is correct in that the red-blue false dicotomy is just a way to foster further hatred and disintegration. Trump is nothing if not polarizing and disintegrative. He needs to fall on his head and think a new personality. We the people who know what the force behind everything actually is, namely finance and its monopolistic paradigm for the sole form and vehicle for the distribution of credit/money, need to steel themselves against the proliferating overthink of conspiracies and not become overly distracted by them.
The country is caught up in a distructive emotionally charged anti-koan that will only lead to violence instead of an integrative higher state of consciousness in a new unit of time in the present that resolves the real issues with real solutions.
The 50% Discount/Rebate policy will apply to all foreign countries selling their goods and services here for the next 1-1.5 years after it is implemented or until America has promptly re-industrialized at which time they will need to start implementing the same policies we have here so they can benefit their domestic populace, and because we won’t be buying from them anymore.
Employment will go way up here because of our throwing off the yolk of finance and because of the new paradigm policies which will bring more prosperity, purpose and employment than if we didn’t end the oppressive parasite of our for profit financial and monetary system.
The new paradigm is good for everyone all the way around and in every way.
Why? Because it justifies the parasitical and actually economically illegitimate nature of private for-profit finance and its paradigm of Debt Only as the sole form and vehicle for the creation and distribution of money.
This current paradigm and structural justification becomes unnecessary with the new paradigm of Direct and Reciprocal Monetary Gifting. It undercuts all of the complexities of chaos theory currently trying to find the “emergent” properties that are causing our economic instability. This is not to dis chaos theory and emergent properties which may well be fruitful research in many ways. It is simply recognizing that the true primary and again illegitimate factor de-stabilizing the economic system….is not being recognized, confronted and handled by the aligned policies of the new paradigm which resolves all of the problems heterodox economists agree upon are afflicting the system.
It’s the monetary and financial paradigm, stupid!!!
I believe in the wisdom of integration, the integrative nature of the the most unitary concept in human thought, i.e. the natural philosophical concept of grace and in the implications of quantum theory, that is, that the cosmos is actually a unity while apparently also being perceived as a lot of separate things.
1) The only way you’re going to get an economic paradigm change is to recognize the necessity of changing the monetary and financial paradigm first.
2) The way to create and implement the new monetary and financial paradigm is to discover the power of a direct and reciprocal monetary policy at the point of retail sale of sufficient percentage to invert the present income/revenue of scarcity to abundance.
3) The way to resolve the energy, ecological and cost problems is to recognize that private for profit money creation is not a legitimate economic business model at all (there are several economic reasons and justifications for this viewpoint) and will forever block progress toward the resolution of these problems, and that even a publicly administered banking, financial and monetary system will be insufficient to the task unless those systems are firmly and logically aligned with the concept behind even the new monetary paradigm of Gifting, namely the natural philosophical concept of grace as in love in action/systemic policy.
