But what about the finance industry? Don't they deserve their billion dollar profits? If you can just loan money into existence then the PPP's that governments love must be OK even though they send $B overseas to consultants and waste 30% or more of the expensive funding. "Waste" is just job creation isn't it?
This has been the world we have lived in for the last decade.

Ideas like this article suggests are necessary to rebuild our infrastructure. Nothing radical, just the modern version of nation building before extreme capitalism came along.

OZandy

Your comments about nation building are correct.

What is proposed is a method whereby the community can build and invest for the community. This contrasts with the view that unconstrained market places built to benefit individuals can be influenced so that the common good can be achieved. While this might happen it is a hit and miss approach.

Nowadays we have the information and communications technologies to build market places to achieve policy objectives. The way policy normally seems to work is for governments to try to constrain or regulate or manipulate the way we interact with each other.

In the economic area rather than try to regulate existing markets I am suggesting we create separate markets for separate problems and build our policies into those market places. We know how to build market places. We know how to build money systems to support market places. What we haven't done is to consciously separate our market places and give directions on what each is to achieve for the community.