A World Waiting to be Born
“The dawn of this new civilization is the single most explosive fact of our lifetimes … It is the birth of the first truly humane civilization in world history.” — Futurist Alvin Toffler
The world stands poised at a fork in the road, the most momentous in history. One path leads to the World Economic Forum (WEF) Great Reset and misnamed “stakeholder” capitalism in which the stakeholders have no input and no say. The other choice is ecological Universal Capital Ownership (UCO) with a safety net, in which each and every individual has agency and freedom through direct ownership of the means of production.
The design is based on binary economics (BE), invented by investment bank and lawyer Louis Kelso. BE has been fine-tuned over decades by accredited economists, lawyers and others. The Employee Stock Ownership Plan (ESOP) was an early invention. Other credit vehicles were formulated to extend the ownership concept to each and every individual.
A Negative Income Tax (NIT) serves as a safety net to eliminate poverty in the midst of plenty, even while costing the taxpayer less overall.
Most economic choices put forward today are servants of false suppositions around our monetary system. Whatever is physically possible is financially possible.
Our environment can truly become a priority once the scarcity mindset imposed by our current monetary system is consigned to the history books.
People owning things personally tend to become stewards, rather than extractors. Compounding interest, an exponential formula, has left the world awash in debt, even while driving massive amounts of ‘busywork’, needlessly churning and burning resources, to service that debt.
The output of the busywork and actual production of wealth is measured by gross domestic product (GDP). This considers money flows only. If a person earning $45,000 a year goes to jail and the incarceration costs $60,000 a year, then the GDP will consider that 25% increase in funds flowing for that person as ‘growth’. Strange but true.
The binary economics design also tends against inflation, as it is based on asset backed money creation. This contrasts with much money creation today, which can go towards the speculative economy or just to pay interest on the growing debt.
Ecological Universal Capital Ownership with a safety net can build a world where everyone has a true ownership stake in the economy, freedom from drudgery, a voice in the government, freedom of expression and a healthy environment.