A Message to Global Warming, Poverty Elimination, and No-More-War Activists
If we eliminate the developed world’s economic activity that adds nothing to a rational quality of life (well over 50%), the world can provide each citizen with a quality life even as measures are taken to avoid global warming. This means a 75% reduction in resource consumption per capita is possible even as each live a high-quality life (see also http://www.storyofstuff.com and Nuggets).
Pulling this research together alerted us that Roughly 60% of America’s huge blocs of capital were capitalized values of unearned wealth and elimination of those monopoly values would more than double economic efficiency permitting each to live a quality life while reducing working hours by over half.
This led to another realization: Most economic classics are not philosophical works on efficient economies. They are instead justifications for unequal property rights laws as applied to nature’s resources and technologies, denying others their rightful share of what nature offers to all for free, put in place by powerbrokers over the past 700-plus years.
Though it is getting more difficult every day, major classics and their descendents are still justifying those inefficient and inequitable property rights laws. As those laws are the heart of the monopoly system, and thus the cause of poverty and wars, any philosophical work which does not challenge those fundamentally unequal laws cannot be a guideline for an efficient economy, full and equal rights, or for any other positive aspect of an economy.
Learning that most accumulations of wealth are unearned is a shock. We feel we work hard for our money. What we don’t realize is that over half of our labor and resources are ground up within the superstructures managing those monopolies we are told do not exist. The cost of the military protecting the monopoly system increases that waste and the wealth destroyed in their wars protecting this corrupt system increases those costs further.
Egyptians spending their labor and resources building pyramids had nothing on monopoly capitalism whose waste is even more massive. Powerbrokers were able to get away with the fraud, first because ever-improving technology was so enormously productive that the gains were great even though the unequal property rights laws were grossly inefficient.
That inefficiency was hidden by the huge amounts of wealth appropriated from the periphery of empire (plunder by trade, World Wars Decides Who Controls World Trade) and distributed within imperial centers as honest earnings. The citizenry, working hard every day, were unaware half their efforts were wasted and also unaware that much of the wealth distributed to them had been unnecessarily appropriated from periphery societies. We say unnecessary because the simplicity of eliminating poverty and war will stun you.
Eliminate that waste and adequate wealth for a quality life for all can be produced within the internal economies of all regions of the world. This does not happen because the arteries of commerce have been tied to internal plunder through unequal property rights law, as applied to nature’s resources and technologies, denying others their rightful share of what is offered to us all for free, and world trade has been tied to plunder by trade for centuries. Massive sums of wealth are accumulated within these unequal trade structures and powerbrokers will not give up the power and unearned wealth they have accumulated.
But people are good. If any country or federated region successfully gained their freedom, eliminated monopolization within their internal economies, and achieved economic efficiency—as we demonstrate is possible—the remaining impoverished world would notice and the monopolization structure, both internally and in world trade, would collapse.
Wars for centuries have been battles between empires over that stolen wealth or those empires maintaining control of the periphery so they can continue to steal their wealth.
Over Half Our Finance Capital is Wasted
We are taught that these huge blocs of capital were crucial to economic efficiency. Not so. Socially-owned banks under social control fulfill any need for finance capital by creating debt-free money for initial social infrastructures, including first industries. Circulation of money soon handles both industrial and infrastructure financing. Once an economy is fully developed, infrastructure, universal health care, retirement, costs of running governments, etc, are fully funded by resource rents and the profits of a cheaper operating, socially-owned banking system. As there need be no taxes, society is quintuply repaid for paying those rental values to themselves (the social collection of the rental values of nature’s respources and technologies).
Under those full and equal rights, each would have their proper share of both created and circulating money (finance capital) to provide a quality life and, once a society is fully industrialized, all this while being employed only two to three days per week outside the home.
That efficiency potential exposes the massive waste, over 50% of our labor and resources, within monopoly superstructures that we are told do not exist.
The Legal Structure of an Efficient Capitalist Economy
The legal structure of a non-monopolized capitalist economy is very simple—full and equal rights for all through conditional titles to nature’s resources and technologies which she offers to us all for free (social collection of resource rents and banking profits) and legislating essential services such as social infrastructure, education, health care and retirement as a human right. With those services funded through the social collection of resource rents and banking profits, there will be no taxes. (As banking and money are social technologies known for centuries and there are few tangible values involved that justify profits, Interest earned within socially-Owned Banks add to the funding available through social collection of resource rents.)
Under these inclusive property rights laws” (full and equal rights for all), the massive blocs of monopolized capital—previously buying and selling capitalized appropriated values (misnamed profits) within the ethereal world of high finance—are transposed into equally-shared use-values.
Sector by economic sector we explain how applying equal rights to (access to) nature’s wealth and technologies will eliminate the inequality of today’s property rights laws as applied to nature’s resources and technologies which she offers to us all for free, will reduce labor time, will eliminate waste of resources, and will reduce environmental impact.
As none challenge property rights law as applied to nature’s wealth (Henry George and his followers are exceptions but they only addressed eliminating land monopolization), most economic classics are little more than justifications for those unequal property rights laws put in place by powerbrokers over the past 700-plus years.
To not have protected the system would have led to exclusion from polite society, or worse, just as today any who challenge the system are ostracized to the margins.
Though it is getting more difficult every day, major classics and their descendants are still justifying those inefficient and inequitable property rights laws.
As those laws are the heart of the monopoly system, and thus the heart of the problem, any philosophy which does not challenge those fundamental unequal laws cannot be a guideline for efficient economies, full and equal rights, peace, or much of anything else (see The simplicity of eliminating poverty and war will stun you).
Learning that most accumulations of wealth are unearned is a shock. We all feel we work hard for our money. What we don’t realize is that over half of our labor and resources are ground up and wasted within the superstructures of these monopolies.
The costs of the military protecting the monopoly system and the wealth they destroy establishes Western economies as negative producers. They waste and destroy far more wealth than they consume caring for their legitimate needs.
Next link in this section, also in the right column, outlines how our evolution From Plunder by Raids to Plunder by Trade paralleled the evolution of our unequal property rights laws the past 700 plus years.
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