"Building a new Economy, where all goods and services are available. Without any system of debt or servitude like money credits or barter.
A economy is loosely defined as ‘the management of the household’ dealing with the production, distribution and consumption of goods and services.
But for what purpose, what is the goal of the economy. What can be regarded as a good economy or a failing economy?
Is it as many people would argue to improve the wellbeing of all. A growth in the economy would with a few exceptions benefit all. Do the financial elite in developing new business ventures benefit all of society - as the money trickle down to the benefit of those in a struggling?
Economics is referred to as a social science because it impact all of society in the way we live, thrive and survive. At the core of economics is the principle of scarcity; referring to the ‘basic fact of life’ that their only exists a finite amount of resources. That there are not resources to provide all the goods, including food and energy that people want and need to consume.
But is that really true.
The World Economic Forum (WEF) has identified an urgent need to rebuild the economy using a ‘bring back better’ philosophy outlining various interrelated strategies: The Great Reset, Stakeholder Capitalism and the Davos Agenda 2022. The WEF claiming they are committed to impr oving the state of the world.
However the majority of those ‘independently’ invited on to the forum are from the ‘global elite’ who increasingly c ontrol the majority of the global companies and financial stakeholders. Even if operating with the best of intentions are they really in the best position to de cide what is best for the planet and all of its inhabitants.
The WEF and related economic forums appear under investigation to basic their agenda on several assumptions:
- Financial growth in the current financial market model is the best way to help all levels of society. Helpin g business growth helps business owners as well as the work force.
- The use of scarce resources needs to be managed and controlled because there is not enough including food and energy.
When these assumptions are asserted it is easy why ext reme view surface and frequently become the norm. For example, believe in scarcity introduces the idea that human population size is one of the biggest pr oblems, which puts options for population reduction on the table.
BUT
Whilst these assumption may have been true in the past, they do not hold up to further scrutiny.
The modern markets back by financial instruments is the cause of modern day poverty because of systemic problem s with the system, most notable through the bank created money bubble.
The markets are created artificial scarcity when society p rocesses the knowledge and technology to live in abundance.
Take world hunger as one example, vegetables today have a 5th of the nutritional value they had 50 years ago. Modern farming practices starve the earth of valuable nutrients. Almost 50% of food is wasted before it reaches t he shopping shelves. Using a mixture of tradition farming practices and a modern understand and technology the global society could produce twice the amou nt of food currently being produced in the 10th of the space; producing most of the food where it is needed without mass transport and without poison ing the ground with artificial pesticides or GMO. The problem is not technological, it is not practical the problem is political. With most of food production and distribution controlled by 6 companies the political will is not there.
Too much decision making and control is in too few hands. It is time the will of everyone spoke up, it time society realised the benefit that a truly rich and diverse society can bring for the be tterment of all.
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