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) misnamed “stakeholder” capitalism in which the stakeholders have no input and no say. The other choice is ecological Universal Capital Ownership (UCO), in which each and every individual has agency and freedom, true stakeholders. A Negative Income Tax (NIT) serves as a safety net in case UCO investments fail and a person is also unemployed. Poverty in the midst of plenty is eliminated, even while costing the taxpayer less overall. 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 odious debt, even while driving massive amounts of ‘busywork’, needlessly churning and burning resources, to service that debt. The output of the busywork and real production of wealth is measured by gross domestic product (GDP), that 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’. The nation will be deemed wealthier by legacy economists. Alaska had a banner GDP year when the Exxon Valdez grounded, because of cleanup costs. War is good for business is the ultimate expression of how backwards this wealth yardstick is.
It is time for what systems scientist and ecological economist Kenneth Boulding termed the Knowledge Age. This is something fundamentally different than the proposed WEF Intelligent Age, which heavily overcentralizes power and the catastrophic results of such a structure in a complex society. Ecological Universal Capital Ownership 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. Beware of distractions and diversions put forward by an obsolete power structure. Most political choices today are servants of false suppositions around our monetary system. Whatever is physically possible is financially possible. The rest is superstition. “Our problems are man-made — therefore, they can be solved by man.” — John F. Kennedy