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The Forum > Article Comments > Economies should be shaped to suit man > Comments

Economies should be shaped to suit man : Comments

By Nick Rose, published 15/1/2013

However unlike Friedman, Eisenstein's proposals advocate the redistribution of wealth and a more egalitarian society, rather than continued wealth concentration and inequality.

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Quite a refreshing change.
Eisensteins stuff on the internet is well worth a look.
Especially the stuff to be found at the Reality Sandwich website.
http://www.realitysandwich.com/homepage_sacred_economics

Reality Sandwich also offers a refreshing change to the dismal realism that limits most of the chatter to be found in the conventional "news"-papers, magazines, and on the internet extensions of the world-view promoted by them. And of course the "free" market right-wing think (stink) tanks.

This author also advocates a similar kind of paradigm shift.
http://www.hazelhenderson.com/the-love-economy
Posted by Daffy Duck, Tuesday, 15 January 2013 11:56:16 AM
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I only got as far as "most of the time, the loudest noises we hear will be the sounds of nature and the laughter of children", & knew I was reading the musings of a kook.

Hearing only the sounds of nature is fine for a few minutes. Too much of it is bad for the soul. When I found myself forced into that position, I spent considerable time & effort improving the reception of my radio, so I could receive something, at least for a while morning & night. Even the live cattle sales report coming out of I believe Townsville, on our ABC topped nature, after enough time deprived of all else.

Then the laughter of children, wow! Ask my mate about that. He's the one forced to sell his house to get away from it, when a school playground extension brought it hard against his side fence.

Children, particularly in mass, don't laugh. No, they scream, screech, yell, shout, & generate other dreadful noises, but laughter is not one of them.

Any one suggesting one should want to listen to them, other than perhaps your own if you are a masochists, is obviously a few quite a few cents short of the dollar, so I read no further
Posted by Hasbeen, Tuesday, 15 January 2013 12:51:11 PM
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Sounds like the basis of a great fantasy novel.
Posted by Shadow Minister, Tuesday, 15 January 2013 12:59:37 PM
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I rather enjoy these existential musings.

Nothing can ever equal the flower-power sixties for fruitloopery, though. Been there, done that.

I think I even still have the t-shirt.

"1. Negative-interest currency
...Bank deposits will pay zero or negative interest rates, encouraging the flow of money and its productive use."

This has been the status quo in Japan for decades now, with interest rates lower than price inflation. Hasn't exactly had the effect the author describes, has it.

"2. Elimination of economic rents
...measures that will gradually return the profits accruing from the mere ownership of something (e.g. a patent, copyright or mineral leases) back to 'the people'"

Wonderful. A comprehensive disincentive to invent anything new at all, or start a business, or write a book, or compose music. Ever.

Sharin' all the world, man. Cool.

"3. Internalisation of social and environmental costs
...the creation of currencies which 'are backed with Earth's resources and its capacity to absorb and transform waste'"

Fairly easy to do with potatoes. Not so easy with iron ore. Or water.

"4. Economic and monetary localisation
...regions issuing (or reclaiming) their own currencies, will become more common."

We need more currencies in this world like we need a hole in the head. If you disbelieve this, watch the chaos that will be created when the Euro collapses, and countries have to re-start their own. It will not be pretty - and they all have the advantage of a pre-existing benchmark.

"5. Social dividend
...to provide a universal payment to every person in order to guarantee the minimum necessities of life."

Just what we need. Another outright disincentive to do anything except sit on our collective butts, while others support us. Has the author any recollection of communism? The failed reality of it, that is, not the dream.

"6. Economic degrowth"

That would be a natural outcome of the previous activities. No need to plan for that.

"7. Gift culture and P2P economics"

Barter. The perfect foundation for exchange of value in a primitive economy.

Bottom line: back to the caves, everyone. Your leaves and berries await.
Posted by Pericles, Tuesday, 15 January 2013 1:30:37 PM
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Surprise, surprise, an 'arts major' who still hasn't realised that the only paper that is worthy of his mutterings comes on a roll. Economies are just a collection of markets. And markets are structured to suit themselves. If you are not a seller, and you cannot afford the going price, then you are not in the market at all, and you have no say on it's structure.
Posted by Lance Boyle, Tuesday, 15 January 2013 2:52:42 PM
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'How we actually get from here to there is the chapter yet to be written,..'

Rubbish it has already been written tried and failed.

Try Marx and Engels, then the National Socialist Hitler and International Socialist Stalin.

The answer lies not in the exclusivity of the economics of wealth and the giving away of that created wealth, in any shape or form. We've tried that. It doesn't work. That is all Charle Eisenstein is proposing. Your conclusion states as much.

Any solution to today's malaise lies in curbing all debt so interest rates naturally fall as they have in the US, and at the same time it lies in encouraging and developing peoples individual ability to strive for and achieve their own ambitions, which is something we've abandoned recently in favour of nannyism. Particularly in the US and Europe ... and we are trying damned hard to do the same in Australia.

It is that simple.
Posted by imajulianutter, Tuesday, 15 January 2013 3:33:01 PM
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