- They are not ALL inclusive. They pit one group against another within the system. They then pit the system itself against the other systems in use elsewhere on our planet.
- They all use mediums of exchange (money).
- They make no clear distinction between finance and economics. They use the terms finance and economics interchangeably, as if they are the same.
- They do not recognize the fact that production and distribution capacity is now so great, that we have entered The Age of Abundance.
All current economic management systems are competitive in nature. The spaceship called the International Space Station, however, is a cooperative venture. It is clear to those directly involved that a cooperative approach yields results unattainable through competition. This is a good model for the astronauts aboard Spaceship Earth.
Mediums of exchange (money) are notoriously unreliable in operation, primarily because they do not correspond directly to anything that is fact based. Having a currency that is backed by gold does not resolve this issue. Human desire for gold changes continuously. Mediums of exchange allow slipping in the idea that goods and services can be used today and paid for tomorrow. However the Universe and planet Earth do not allow for this fanciful idea. Farmers cannot harvest crops at the beginning of the growing season and "pay" by planting at the end of the season. The Universe is a pre-pay system. Once goods and services are used, they are fully "paid" for. Wax poetic and moralistic all you care to, debt is a form of enslavement, pure and simple.
When economics is examined independently of finance, it is surprisingly simpler and always fact based. Webster defines economics as "....production, distribution and consumption (use) of goods and services". With or without human beings the Universe produces, distributes and uses goods and services, continuously. The Universe is an economy, The Economy. It doesn’t use money and never charges for anything. The Universe never measures anyone’s confidence to determine whether airplanes will fly.
Through much of our history on Spaceship Earth, humans have used tools and animals to perform work for us. Starting with the Industrial Revolution, we have been spectacularly successful at inventing and using machines to carry out physical tasks and now to process information rapidly. We can now produce far more than we need. We are in The Age of Abundance. Earning a living and using mediums of exchange in order to have access to goods and services that support a quality life are now obsolete. They are not only obsolete, they are counter productive. They lead to enormous waste, catastrophic environmental damage and they tend to demean and suppress creativity and the human spirit.
It is now possible to produce a higher standard and quality of living for everyone, require far less human labor, and have direct access to goods and services with no erratic middle-man (money).
William Daniels Copyright. Please distribute freely for non-commercial purposes.
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