Great view! Can’t wait for part 3… it’s clear to see that the communist society was not willing to actually pay for their economy! It was interesting, Stalin was looking at a capitalist expectation of production on the cheap and got exactly what he paid for! The view that you have to have capitalism first to then have socialism is an interesting one. I’m not so sure but in any event communism or fascism just don’t work economically. Just like any population you have to bring along the majority willingly and neither viewpoints do that! Some, who view their lot as acceptable may go along with the process but in the end the whole process stands or falls on an economy that works. Interesting how a soviet economy is gauged against say an American economy or a British economy say during our industrial revolution. It failed for the Russians and ours attempt was less bloody! But none are convincing as a working sustainable economy. You all (economists) talk about supply side or demand side but the facts are still not the answer to a perpetual autonomous economy. For that utopia, you need to first set the right framework of fair exchange and reward whilst, fulfilling its future to have care and compassion that doesn’t come with greed! The greed of the few, especially in a modern thinking democracy just does not sit well with a majority. Civil unrest and a Marks doctrine, followed by Lenin, Stalin and the rest didn’t work and never will, it’s too controlling. And the use of a carrot and stick is still enforced dictate. The monetary system should frame the possibility of a progressive economy that can run on all cylinders, and it must be based on a fair exchange of work and an autonomous capability to work over and over again! The rest will automatically come. But the Capitalist version we now use doesn’t work either! It favours the rich few, too much and has no brakes! It allows for unfair exchange and limits capital making most of it devoid from our normal daily pot.
No! My view is it couldn’t really be done… until now. With the use of digital payment accounts we can now frame the use of money to its optimum, autonomously and perpetually. At the same time reduce taxation, increase earnings substantially and make everyone happy that they can spend and enjoy all of their hard earned money! First, keep all currency in house. Reintroduce exchange controls. Ban any money going abroad. It stays! Goods can flow but not money. put a ‘spend by date on all money! Making the demand and the supply in one action. Create the availability automatically and ensure its viability by the date in time by which you have to pass it on by SPENDING. It takes the unknown out of the equation. The total amount of all money in £s is out there for the earning. Leave the economic dynamic of a capitalist greed to do the jobs needed and ensure production and business by fair exchange. The tsunami of flow will mean higher wages, higher tax take, higher state pensions and higher benefits (a clear gap needs to be between non work and paid work) and ironically, even the rich will still richer but with the goods and services bought with all that extra money! Not the money itself!! No need for faith, hope or charity! And I suspect only one tax will be required as a result! Vat!! We can do it now! It only takes a decision. We can have complete autonomous and perpetual streamlined economy for optimum growth with a clear incentive to work! Spend it or lose it! Either way the government is guaranteed tax revenue at the same time we will all be guaranteed a high spending economy! What do you think?
Great view! Can’t wait for part 3… it’s clear to see that the communist society was not willing to actually pay for their economy! It was interesting, Stalin was looking at a capitalist expectation of production on the cheap and got exactly what he paid for! The view that you have to have capitalism first to then have socialism is an interesting one. I’m not so sure but in any event communism or fascism just don’t work economically. Just like any population you have to bring along the majority willingly and neither viewpoints do that! Some, who view their lot as acceptable may go along with the process but in the end the whole process stands or falls on an economy that works. Interesting how a soviet economy is gauged against say an American economy or a British economy say during our industrial revolution. It failed for the Russians and ours attempt was less bloody! But none are convincing as a working sustainable economy. You all (economists) talk about supply side or demand side but the facts are still not the answer to a perpetual autonomous economy. For that utopia, you need to first set the right framework of fair exchange and reward whilst, fulfilling its future to have care and compassion that doesn’t come with greed! The greed of the few, especially in a modern thinking democracy just does not sit well with a majority. Civil unrest and a Marks doctrine, followed by Lenin, Stalin and the rest didn’t work and never will, it’s too controlling. And the use of a carrot and stick is still enforced dictate. The monetary system should frame the possibility of a progressive economy that can run on all cylinders, and it must be based on a fair exchange of work and an autonomous capability to work over and over again! The rest will automatically come. But the Capitalist version we now use doesn’t work either! It favours the rich few, too much and has no brakes! It allows for unfair exchange and limits capital making most of it devoid from our normal daily pot.
No! My view is it couldn’t really be done… until now. With the use of digital payment accounts we can now frame the use of money to its optimum, autonomously and perpetually. At the same time reduce taxation, increase earnings substantially and make everyone happy that they can spend and enjoy all of their hard earned money! First, keep all currency in house. Reintroduce exchange controls. Ban any money going abroad. It stays! Goods can flow but not money. put a ‘spend by date on all money! Making the demand and the supply in one action. Create the availability automatically and ensure its viability by the date in time by which you have to pass it on by SPENDING. It takes the unknown out of the equation. The total amount of all money in £s is out there for the earning. Leave the economic dynamic of a capitalist greed to do the jobs needed and ensure production and business by fair exchange. The tsunami of flow will mean higher wages, higher tax take, higher state pensions and higher benefits (a clear gap needs to be between non work and paid work) and ironically, even the rich will still richer but with the goods and services bought with all that extra money! Not the money itself!! No need for faith, hope or charity! And I suspect only one tax will be required as a result! Vat!! We can do it now! It only takes a decision. We can have complete autonomous and perpetual streamlined economy for optimum growth with a clear incentive to work! Spend it or lose it! Either way the government is guaranteed tax revenue at the same time we will all be guaranteed a high spending economy! What do you think?