Break Down EEK onomics
by Jeff Ganaposki
If one was told “the answer,” most folks would argue endlessly. But if one examines the situation, piece by piece, the answer is self generating.
❏ Goal : Survival
❏ Mode : harmless actions (law of love) – good
❏ Mode : harmful actions (law of the jungle) – evil
❏ Mode : Build Prosperity – the production, trade, and enjoyment of surplus usable goods and services.
❏ Task #1 : Acquire necessities for life – shelter, clothing, water, clean air, good food, etc.
❏ Process : Find, or manufacture one’s necessities
❏ Process : Trade with others
❏ Process : Gift (charity)
❏ Process : Predation (take from another)
❏ Task #2 : Trade
❏ Process : Barter (exchange of items of equitable value)
❏ Process : Exchange – where one receives desired item immediately, while the other receives a token of value to be used for a future trade (i.e., medium of exchange, money, note)
❏ Task #3 : Medium of exchange, acquisition
❏ Process : Trade one’s labor and its output (as hired laborer, or via business, partnership, etc)
❏ Process : Trade one’s property
❏ Process : Acquire medium of exchange by conquest, predation, gambling, theft, fraud and / or usury
❏ Process : Gift (charity)
1. As technology advances, less labor is required, and that reduces demand for labor, which reduces access to the medium of exchange.
2. Those who own or control the means of production, accumulate more and more wealth.
3. The remedy of compulsory charity (socialism, etc), penalizes the productive for the benefit of the non-productive.
4. The finite supply of money tokens can never keep proportionality with the ever changing marketplace of goods and services. Since the money tokens are the limiting factor, constrained by demands of usury, the marketplace convulses with booms and busts.
5. Government imposed barriers, restrictions, fees, taxes, import duties, and such, impair the production, trade and enjoyment, and thus impedes prosperity (while enriching those who manipulate the political system for private gain).
6. The lack of harmless means to acquire money, coupled with the rise in predation, has driven an increase in criminal activity. This, in turn, has generated a rise in the number of hired protectors, and other security measures (which are another dead weight on civilization).
7. The rise in recipients of charity, and the drop in producers, has throttled the generation of surplus usable goods and services.
Despite unmet needs, unemployed or underemployed labor, and unused production facilities (closed factories, businesses, etc), there is apparently no solution under the current paradigm.
As long as harmless actions to generate prosperity are impeded, prosperity will be equally hard to achieve.
What can we do to remove all impediments to prosperity?
What can we do to facilitate the production and trade of surplus?
What is stopping the productive people from working and producing?
Under current rules, it’s usually presumed to be money. The potential customers have no money to buy. The potential producers have no customers to pay them. In turn, they cannot hire labor nor buy materials, which would fuel trade and get the marketplace active.
Credit (usury) is no solution, either. Usury requires an infinite money supply, due to the exponential equation for compound interest. Bad.
However, giving money to everyone is no solution. To illustrate, imagine what would happen if tomorrow, everyone awoke to the knowledge that they had a balance of 22 billion billion quatloos – a sum of money that would make them “set for life.” If everyone decided they didn’t need to work anymore, civilization would collapse. That is “money madness” at work.
Remember, prosperity is based on production, not money. Money is useless if the marketplace is barren. Money madness is an acquired belief, based on pervasive propaganda and indoctrination. The masters of money madness and usury have been actively tricking humanity for thousands of years, skimming a portion of their labor and wealth. They are predators, not “capitalists.” And they need the willing cooperation of their victims to thrive.
WHAT IS THE ANSWER?
The question is : How can potential producers “sell” their labor and output in a system where the money tokens are corrupted by scarcity, government and usury?
Answer : Producers must make the “money” used to “buy” their labor / output.
In other words, the labor / output must be equitably matched with the medium of exchange to facilitate equitable trade.
By whatever means is acceptable to the community and its marketplace. Private promissory notes. Private paper currency. Computer database. Credit bank. Handshake and agreement.
The basic idea is that whatever is used, must be capable of maintaining proportionality with the marketplace. In other words, the more labor is available, the more “notes” to hire that labor must be emitted and traded. The more products are available, the more “notes” to buy that production must be in circulation.
HOW DOES IT WORK?
A prospective entrepreneur trades his promissory notes denominated in his output, for his needed labor and materials. For example, if he is a restauranteur, he could emit notes denominated in meals. Once he opens for business, he discharges his notes with the output – meals. Since all his costs were paid with his notes, once he discharges all his notes, anything he earns after that is pure profit. And we hope that he multiplies the value of the raw materials and labor to create “more value.”
This also insures that any businessman has ready customers who hold his notes. No extra expense for advertising. No need to “fight for market share.”
Laborers who trade their notes for groceries, rent, or whatever, also benefit from the system. No need to ask for charity. And prospective employers don’t need to advertise for workers. All they have to do is acquire notes from laborers, and tender them.
It is understood that satisfaction in discharging the notes is paramount. So business and labor will be striving to do the best or have the best quality. There is no benefit to cheating the customer / employer. It will reflect badly on any future emissions of private notes. Which means virtue is more than its own reward. And the “richest” folks will be those who are most “creditworthy,” productive and creative.
This system can exist in parallel with the old fashioned “hard money” system. In fact, “hard money” may be useful for trade OUTSIDE of the community. Private mediums of exchange are dependent upon the trust in the issuer. A coupon for a “free burger” from a large chain is presumed negotiable in any particular restaurant. But a coupon for a “free burger” from Little Millie’s Munch House won’t trade far from that locale.
Ideally, such a system shifts the emphasis from “making money,” to building prosperity. As more and more shift to productive activities, and less are lured into predatory or parasitic activity, the whole society benefits. Even those who are in need, benefit. As more and more surplus is available, there is plenty for voluntary charity.
Restating: The Answer is for the government to get out of the way, cease meddling in the marketplace, and unleash prosperity. The Answer is for productive people and industries to issue their own medium of exchange for potential customers to acquire in trade. The Answer is for people to seek to be productive, and equitably trade their output, so that more can enjoy the surplus goods and services. For doing more with less so more can enjoy builds happiness. Whereas, doing less with more so few can enjoy brings misery.