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Dr. J. chats with Richard Cook, former federal and White House official with the civil service, FDA and NASA, and advocate of radical reform of monetary policy including the provision of a basic guaranteed income to all citizens. We talk about the role of banks in the economy, and the prospects for bottom-up economic growth. (MP3)
Hearing about the Basic Income is something which at first caused me a strong visceral reaction, but once I accepted the logic of the arguments I became at once amazed by the simplicity of the solution to our problems and angered by the fact that people are still stuck in the archaic "jobs jobs jobs" mentality.
The bottom-up economic growth that results from this would not only increase leisure and GDP, but it would make our economy more sustainable and decentralized, and free up people to start grassroots and open source enterprises.
We just need a sexy slogan for it and a big budget film to promote it.
Anyone who is interested in these ideas should check out the following resources:
http://www.adciv.org
http://www.p2pfoundation.net
http://www.freedomofscience.org
Mark Plus • Mayer, Arizona, USA, Earth • Jan 25, 2009
The hereditary ruling class has no problem setting up guaranteed incomes for themselves and their progeny. Does anyone honestly believe that the Bushes' daughters will ever have to hold real jobs, or depend on husband with real jobs, just to keep a roof over the heads and food on the table?
Great to here these basic facts put under scrutiny, I'm sick of hearing about "reform" that involves getting banks to lend more, it either belies complete ignorance of monetary mechanics on the part of the Obama administration et al. or complicency with the corrupt oligarchy that institutes debt money from a centalized lever.
The Peronist tradition in Argentina is a great example of the long term effects of sacrificing efficient technological infrastructure for jobs, for instance while most US cities have automated metro ticket vending, the city subsidizes the employment of many to do this redundant task. This goes on an on, not a good plan. Creating new debt money to employ people rebuilding infrastructure designed for the oil age is the worst thing one could do.
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I believe this aspect is growing everywhere as business owners learn what it is. For example, Phoenix is much more sophisticated in this regards than here in Tucson. I average small business owner is still way behind in their understanding such incidents.
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