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Sunshine is still beaming aboard the planet at the same rate as before the crisis began. Corn, rice, almonds, olives and peanuts are still growing and producing at the same rate as they did before the crisis. The same is happening with all food crops everywhere.

Airplanes still have the same load carrying capacity. Automobiles get the same fuel mileage pre and post crisis. The capacity of trees to produce lumber products has not changed. Butter and iron ore still melt at their same respective temperatures. The amount of electricity it takes to power 60 watt light bulbs has been constant.

However, despite this consistency, the Associated Press (10/5/2009) reported that the " meltdown...wiped out 11% -- $6.6 trillion -- of household wealth in six months".

Webster defines economics as: "...production, distribution and consumption (use) of goods and services". The Universe produces stuff. The Universe distributes stuff. The Universe uses stuff. So, the Universe IS an economy, THE Economy.

However, the Universe works differently than the human "economy". The Universe does all this producing, distributing and using according to specific rules that don’t change. The rules of the human "economy" change continuously.

Also, the Universe has no "medium of exchange". It lets sunshine and rain fall on everyone who happens to be in the path of the sunbeams and water drops. Air is available to everyone, everywhere on the Earth surface. Crops grow for all humans who follow the rules for growing plants. In other words the Universe is a direct-access system, no money, no middle-men.

So, I suggest that we humans do one of two things:

  1. Inform the Universe that there has been a reduction in wealth, and ask it to adjust outputs accordingly. It’s very exciting this way.
  1. Get rid of "mediums of exchange", since the Universe uses a direct-access system.

Either way, I think things would work better. Having two systems is very cumbersome.

William Daniels
  Twitter: aWilliamDaniels

Originally posted to William Daniels on Sat Oct 10, 2009 at 09:00 AM PDT.

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Comment Preferences

    •  The Spice must flow and the Giver must give. (4+ / 0-)

      Gravity waves must continue to gravitate and the center will hold.

      "Course I'm respectable. I'm old. Politicians, ugly buildings, and whores all get respectable if they last long enough." Noah Cross - Chinatown

      by LakePipes on Sat Oct 10, 2009 at 09:13:23 AM PDT

      [ Parent ]

    •  huh? (1+ / 0-)
      Recommended by:

      your air is polluted, your river filled with shit, your plants are some mutated crap from Monsanto.  WTF are you talking about?  Go to India and walk among the slums that man and his corrupt economy has brought and tell me who and what reigns over mans everyday existence.

      In reality the universe doesnt give two shits about humans as this 4 dmensional plane we find ourselves in is destructive choas.  Hopefully we pass into something more divine?  who knows, but its hard to appreicate the beauty of nature when your hungry, sick, tired, and those around you are cutting trees down etc etc

      (regarding the bank mess) They want to cure the patient but not deal with the disease.

      by dark daze on Sat Oct 10, 2009 at 09:32:53 AM PDT

      [ Parent ]

  •  Tipped and rec'd (1+ / 0-)
    Recommended by:

    for the bigger picture.  It is a hope, and a warning.

    "Pro life" my ass!

    by jhop7 on Sat Oct 10, 2009 at 09:05:51 AM PDT

  •  You've got a lot of (6+ / 0-)

    Bucky Balls to write this! ;-)

    (Nicely done!)

    This ain't no party. This ain't no disco. This ain't no foolin' around!

    by Snud on Sat Oct 10, 2009 at 09:09:32 AM PDT

  •  You can't get rid of exchange mediums, but (2+ / 0-)
    Recommended by:
    Samer, the fan man

    you can change what they are, make them more flexible, more secure, or more appropriate to your needs. If you got several million together to create their own economy, it would happen.

    The fundamental backing of currency is, of course, one of trust. Trust that you will obtain some value for that unit, and from parting with it.

    •  You can't get rid.. (2+ / 0-)
      Recommended by:
      cotterperson, swaminathan

      Actually, we can.

      That is precisely the point.

      Check out my website and Technocracy Inc. They have done the most extensive development that I am aware of, on this idea.

      Technically, it is fully feasible. Whether we CHOOSE to get rid of them is the real question.

      Thank you for your reply!

      •  Do you have links to those websites? eom (0+ / 0-)

        Let's remember that we should care about people even after they're born. - A. Grayson

        by IL JimP on Sat Oct 10, 2009 at 09:39:52 AM PDT

        [ Parent ]

      •  Energy Economics vs Contribution Economics (0+ / 0-)

        I looked at your site and Technocracy Inc's Wikipedia entry.  The problem with energy economics is it still misses the human dimension.  The purpose of an economic system is not "the best standard of living for all people" but "the best quality of life for all people".  Ultimately, all of us want quality of life more than standard of living.

        Once we get this goal right, then we can ask the question: "what would an economic management system look like that created continuous improvement in quality of life for everyone"?  It my opinion that such a question would lead to a Contribution Economics where we would track the contributions of each person to society, and arbitrate the distribution/exchange of scarce resources based on that.  Money would at most be a measurement system (proxy) for contributions.

        If we track contributions and consumption directly, and kept the translation only as a shorthand for actual contribution, we would have an abundance economics system rather than the current scarcity economics system.  We would not have incentives to deprive anyone of the use of any commodity that we can share freely, or to withhold any contribution we can make.

        •  Energy vs contribution Economics (1+ / 0-)
          Recommended by:

          Quality of Life is indeed the goal, I couldn't agree more.

          In terms of producing goods and services, most of what is going on is factual and measurable: Energy, Human labor, Resources, and Process time. The ingredient that continues to increase is Know-how. To not measure these first 4 ingredients accurately, for whatever the reason, leaves us in the same spot we are currently in.

          Humanity seems to have certain needs which we already agree are basic and common to All: Food, Shelter, Health Care being the first. Because our current economic management system is not Direct-access and not fact based, and we allow making money with money, and it does not value Quality of Life, we can't see the super-abundance that we are smack in the middle of.

          Your pointing out that "Contribution" is an aspect in human affairs, is important. The fact that "Contribution" and Quality" are variable, person to person,and that they change over time, indicates to me that they constitute an additional dimension that must be incorporated in our economic management system.

          However, both aspects are vital, the purely factual and the "What We Value".

          Thank You for raising the issue.


  •  Just had a drunken conversation (9+ / 0-)

    on this topic last night with a good friend who is majoring in finance.  It's amazing how much symbolic value we are willing to place on the idea of money.  Paper, coin, numbers in a computer somewhere...  Nothing of real value, yet we allow the creators of that system dictate the value without any strong connection to the real value of the universal experience.  We are strange creatures that like shiny objects.

    On a side note, I also successfully completed a "good trade" this week.  I had 3 boxes of laminate flooring left over from my kitchen when I did it 2 years ago.  Lowes won't take it back because it is a discontinued product.  No-one was interested on craig's list.  Yet, the universe informed me that my vet needs a new floor in their bathroom.  Small bathroom, easily covered by 3 boxes.  We agreed that if I lay the floor, they will wave charges for my dog's next 3 chemo treatments.  

    3 boxes of laminate flooring + labor = 3 dog chemo treatments

    Now that is REAL bartering value in this economy.  If there is anything we can learn from this farce, it is that they are not as in control as they wish they were. We will carry on with or without their system.

  •  No one needs to TELL us, the one's who have (4+ / 0-)
    'lost' that income anything. We all know.

    The media is covering for the wealthy. Why? Because it is the same people who own the media that have caused us so much grief, dispair, and tragedy. Why would they badmouth themselves?

    •  well (5+ / 0-)

      I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
      Thomas Jefferson, (Attributed)
      3rd president of US (1743 - 1826)

      (regarding the bank mess) They want to cure the patient but not deal with the disease.

      by dark daze on Sat Oct 10, 2009 at 09:34:24 AM PDT

      [ Parent ]

      •  also too (2+ / 0-)
        Recommended by:
        cotterperson, Clio2

        "The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption in high places will follow, and the money-power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in a few hands and the Republic is destroyed." - Abraham Lincoln

  •  You can get rid of the medium of exchange (2+ / 0-)
    Recommended by:
    cotterperson, JeffW

    Well, of course, you might not want to do that in practical terms, since it is a bit more convenient than barter, and we need some mechanism to keep track of the sharing between us, to get some fairness and incentive.

    But we can certainly get rid of it as the primary medium of measurement, both collectively and individually.  We can directly track each person's productive output (a list of contributions), especially what we produce for each other, such as care, affection and friendliness.  Given our electronic society today, it is actually a simple matter to directly track contribution, and separate this from the "value translation process" that occurs when you frame it in terms of money.

    I do believe that the next generation of economics will be a contribution economics where we will frame economic activities in Universe terms rather than medium of exchange terms.  The trick is to wake up to the fact that money is simply one way of keeping score, and there can be other ways.

    Thanks for a diary grounded in reality.

  •  Please, don't confuse the Universe with the world (0+ / 0-)

    "Let's remember, we should care about people even after they are born." Representative Alan Grayson

    by irate on Sat Oct 10, 2009 at 09:51:04 AM PDT

  •  Prepositions can change things a lot (0+ / 0-)

    If I recall, William Blake somewhere observed that he saw the world through his eyes, not with them.

  •  Tipped and rec'd (1+ / 0-)
    Recommended by:

    for sheer radicalism. Good to remind people once in a while what that is!

  •  Goes to show how artificial the economy is (2+ / 0-)
    Recommended by:
    marina, swaminathan

    We haven't lost the will or the ability to produce or consume, but we're not allowed to because computers say that we don't have enough of something called 'money' that doesn't actually exist, and is only represented in the real world by slips of paper and small discs of metal with no intrinsic value.

    Jobs are disappearing not for lack of work to be done or because no-one wants to work, but because there's not enough money to trade for goods or the labor involved in making them. Barter could solve this problem immediately: trade labor and goods directly for other labor and goods. Assets are declining in value not because they've stopped being necessary or desirable, but because there's less money going around to almost magically give them value. Houses sit empty while people live on the streets. Factories are shut down while people go without jobs. Farmland lies fallow while people go without food.

    This is why I'm against capitalism, because it's taken over the civilization. The courses of our lives are determined by a computer game that the rich play with each other, instead of real things. No matter how well we play the game, we never winl and no matter how badly 'they' play the game, 'they' never lose.

    Progressive is not the opposite of aggressive.

    by Visceral on Sat Oct 10, 2009 at 11:18:43 AM PDT

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