The impoverishment of the developing world is understandable once one learns how “plunder by trade” locks the world into violence and war.
Eliminating poverty is not philosophically complicated;
- Eliminate the monopolization of land, technology, and finance capital through applying Henry George’s principles of full and equal rights, equalize pay for equally productive work both within internal economies and between trading nations, and sharing productive jobs through reducing the employed workweek to 2 to 3 days per week.
- Once all nations and all people have access to technology, their labor is paid equally for equally productive work, and the remaining productive jobs are shared, the productive capacity and buying power of labor in different nations, and within nations, will equalize.
- Eliminating those monopolies will eliminate their superstructures currently wasting half our current labors, will distribute a relatively equal share of the wealth to all members of society, will increase economic efficiency to produce more wealth, and all this while giving societies the time and resources to slow down, and hopefully stop, global warming. Henry George's cooperative-democratic capitalism assures full and equal rights for all the world’s citizens.
— Dr. J.W. Smith, The Institute for Economic Democracy.
Before writing Money: A Mirror Image of the Economy, the author felt he could not challenge capitalism’s economic classics. As the book came together, the savings in economic efficiency were so massive he realized those classics (and thus all their derivative works) were nothing but justifications for a system of theft (Western property rights law) the power brokers spent 700 plus years putting in place and that privatization process is still ongoing.
This knowledge will save serious researchers years of studying writings currently designed to hide, not teach, efficient and just economic philosophy. With those imposed belief systems—designed to protect wealth and power and, up to this point in time, believed—pushed aside, the developing world and every serious researcher can quickly put together honest economic philosophy.
These books are published by the Institute for Economic Democracy Press (IED Press), a cooperative publishing house within the Institute for Economic Democracy (IED) dedicated to publishing high quality books on how to attain world peace, sustainable development, establishment of permaculture and eco-housing, eliminating poverty, and an earth federation providing a quality life for all the world’s citizens. Read more about IED Press.
To request review copies please contact us.
Professors, universities, and progressive politicians within the developing world can restructure these books to their history and experiences, publish in English or translations, and use without charge. Please contact us for the latest manuscripts or read more about this offer.
(See note on subtle differences between online versions and downloadable or hardcopies of our books)
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by Dr. J.W. Smith. (1994)
Analysis of the enormous waste of labor, resources, and capital within the American Economy
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