Discover Our Global Justice Movement
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 Universal Capital Ownership (UCO), in which each and every individual has agency and freedom, true stakeholders. A Negative Income Tax (NIT) will backstop UCO investments to ensure 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. Compounding interest, an exponential formula, has left the world awash in odious debt, even while driving massive amounts of ‘busywork’ to service that debt, which needlessly damages the environment. The output of the busywork is measured by gross domestic product (GDP), that measures 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% ‘growth’. The nation will be deemed wealthier by the activity by legacy economists. Strange but true.
It is time for what systems scientist and ecological economist Kenneth Boulding termed the Knowledge Age, something fundamentally different than the proposed WEF Intelligent Age (one that is perhaps lacking knowledge). Universal Capital Ownership can build a world where everyone has an 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.