Dave,

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 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!!!

Space is a conscious viewpoint of dimension.

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.

And I’m happy to have it both ways.

Steve Hummel 11/12/2019

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.

The thoroughly integrated parasitical financial ideology of individual income scarcity and thus systemic austerity.

It is a dramatization of the curse of Adam, the obsessive dead letter of the law instead of its spirit, religiosity instead of spirituality and the denial-unconsciousness of grace.

Let us have a Wisdomics via monetary grace as in Gifting.

E:  In spite of the fact that Bourdieu’s article has some tough spots, he found it useful. Along the way I offered this paraphrase of the first paragraph (not the one Lars cites):
“the dominant economic order is pure and perfect with predictable consequences that responds to its adversaries through its [financially and police-powered] “armed” institutions with these policies: reduced labor costs, reduced public expenditures [and I would add specifically privatization and plundering of public assets] and making work more “flexible” [meaning cutting perks and other job-security stuff such as pensions]; this is its scientific description of reality.” My friend found this helped clear up the rough spots he encountered.

I went on to say:
“stressing the focus on individuality that characterizes neoliberalism and economic orthodoxy, I think Bourdieu’s partly saying (correctly) that the ideology denies or omits the social aspects that are necessary in a truly functioning political economy. … his criticism about individuality is correct. So is the criticism about the focus on mathematical purity. It’s all an illusion that has come to dominate us.

“I have my own explanation for this: I call orthodox economics the emperor’s clothes, and the habardashing intentional. I can even date it back to about 150 years ago, to about 1870, when the referenced Walrasian mathematics fascination really took hold. And the ideology is crafted to hide the naked brutality of the empire of corporate capital rule.From about 1890 we have evidence of intent, backed by big finance, to promote an ideology to counter the popularity of both Henry George and Karl Marx (interesting that George disliked Marxism). I was told explicitly in grad school (the 1960s) that alternatives to the orthodoxy were verboten and that one of them, called “institutional economics”, was passe.

“I am happy to call this a conspiracy of deceit, and if such was even possible and I were younger with deep pockets I would bring a RICO (Racketeer Influenced and Corrupt Organizations) lawsuit against the entire economics profession for perpetuating this fraud.”

I think some of the confusion about the term “neoliberal” may lie in the different meanings of the word “liberal” in the American versus the British systems. Although in both systems, patriarchal as they still are, the equality of liberty with property ownership still holds sway.

I welcome any comments on these observations.

Me:  They’re all interesting bits and pieces of the problem, but not its essence.

The essence of neo-liberalism is the oppressively enforced monopolistic monetary and financial paradigm of Debt Only.

Science is reductionistic and fears to declare a truth. Wisdom is scientifically informed integrative and wholistic thought.

New paradigms being singular concepts that define new patterns are the quintessential integration of the opposites of mental essence and temporal pattern. Paradigm perception is thus thinking and observing with wisdom.

E:   What do you think “empire of corporate capital rule” refers to if it is a “bit and piece”? Where, if not there, do you think “oppressively enforced monopolistic monetary and financial” resides?

In spite of my own consistent focus on the power of predatory corporate capital (a phrase i prefer to “capitalism”), I tend to resist ideologies that have “the answer”.

And every time I hear the word “paradigm” I burst into a Gilbert and Sullivan tune. Can’t help it.

Me:  Keep focusing on the FINANCIAL corporate power…and you’ll find the true mark.

Paradigms hold the most power and create the most beneficial change. Don’t react to it…just look at it.

That after all is what the scientific are supposed to do…and the wise do by practicing integrative thinking and self actualization.

Me:   Steve Keen recently gave a presentation to the shifting paradigms conference at the Aberdeen Political Economy Group he called The Incredible Inertness of Paradigm Changes in Economics. It was both insightful regarding energy and yet also typically blind to why genuine paradigm change has not come to economics, namely the enforced de-stabilizing costs of the monetary and financial paradigm of Debt Only as the sole form and vehicle for the distribution of credit/money…..in effect for the culturally inured length of the entire history of human civilization.

In other words the economic paradigm is inert….because the deepest and most longstanding ECONOMIC problem IS THE CURRENT MONETARY AND FINANCIAL PARADIGM. First things first. It helps with knowledge and perspective.

Finance says it costs too much to have a stable economy, to have a stable empire and to survive ecologically (how f@%king insane is that?)….because there can be no other monetary and financial paradigm than Debt and its additional costs saturated before, during and after the productive process which actually ends at retail sale, but must be increasingly and parasitically extended beyond that point to keep private finance viable.

But what if a new paradigm of Monetary Gifting were to be integrated into the productive process and became the new dominant force? Then you could have a secure psychologically rejuvenated populace in a system that was stably free flowing and prosperous for all competitive and ethical enterprise. Then finance could be utilized to beneficially assist all economic agents individual and commercial and be used to reduce costs at retail sale with a 50% discount/rebate monetary policy…and with an additional 50% discount/rebate policy at the point of note signing for all big ticket green consumer products and resources could be a bottom up way of hugely jump starting a consumer assist to the ecological problem.

Finally, if excess costs and inflation are no longer ways that finance can enforce the sluggishness of the economy and the inertness of paradigm change then the funding of any and all mega projects to reverse the effects of the laws of thermo-dynamics, like the off planeting of most production where such wasted energy dissipates into the cosmos….could all be SANELY begun with post haste.

Consider it.

DT:  Craig, mathematically you are just saying that in our current way of thinking debt is a constant; but if gifting is to become the new FORCE you will STILL have a constant.

The point of a paradigm, surely, is that it is not merely a new way of doing things but a new way of SEEING things.

Me:  Dave,
I’m saying that the concept of Debt ONLY is a monopolistic paradigm. I’m not here to destroy debt. Debt will continue after Monetary Gifting becomes the new PRIMARY paradigm, Gifting will not become the new monopoly paradigm.

You’re quite right that a new paradigm is a new way of SEEING things. There is a always a cognitive aspect to a paradigm right along with its temporal effects. In fact, as I have posted here many times, a new paradigm is a single defining concept that changes an entire pattern IN THE PHYSICAL UNIVERSE VIA THE ALIGNED POLICIES IT ENABLES. It is thus an elemental integration of both the mental and the temporal, and as wisdom is the very process of the integration of the particles of truths, workabilities, applicabilities and highest ethical considerations in apparent opposites, paradigm perception is thus wisdom in the body of knowledge/area of human endeavor the new paradigm applies to.

Data gathering, mathematical computation and theoretical modeling are all well and good, but are all on a lower level of mental integration than the perception of paradigms.

Why would we want to only use lower levels of integration when higher levels exist and will have larger, greater and more beneficial effects???

Grace/Flow/Unity is….we simply have to continually as is it.

Steve Hummel 11/09/2019

Even though its advocates are not generally aware of it, MMT is really all about how we can have direct monetary distributism. It’s just that they haven’t cognited on the pivotal-ly powerful point of a reciprocal accounting/algebraic monetary operation at the point of retail sale that simultaneously resolves the two deepest and most chronic problems of modern profit making economic systems in other words:

#1 individual and systemic monetary austerity and

#2 “uncontrollably” chronic inflation.

Unfortunately virtually all economists and economic pundits are afflicted by the obsessive dualism and their hide bound cultural allegiances to either a hopelessly monetarily unstable corporate and financial capitalism or the politically unworkable and equally hide bound socialist idea that re-distributive taxation can alone resolve the above problems.

Integrative thirdness greater oneness is probably the key signature of both wisdom and resolving paradigmatic thinking.