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Foreign Economic Relations - General & miscellaneous, Free Trade, Capitalism, Economics & Finance, Economic Conditions - General & Miscellaneous, General & Miscellaneous - Politics & Government, Democracies & Republics - General & Miscellaneous, World His
Economic Democracy by Jw Smith β€” book cover

Economic Democracy

by Jw Smith
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Overview

Permanent global peace and sustainable development.
Eliminating monopolies we are told are not there.
Creating a modern commons.
Increasing economic efficiency equal to the invention of money, the printing press, and electricity.
The efficiency increase measures the previously wasted labor, capital, and resources.
Each person works 2-3 days per week without loss of food, fiber, shelter, or recreation Under full and equal rights, poverty can be eliminated in 10 years.
Under full and equal rights, within 50 years each citizen of the world can have a quality life.
Plunder by trade and Capital destroying capital eliminated through superefficient capitalism. Empowering the powerless.

Synopsis

The evolution from plunder by raids to plunder by trade began 800 to 1,000 years ago in the Free Cities of Europe. As those cities evolved into nations and those nations into empires, plunder by trade was plunder by both raids and trade was practiced. Plunder by trade has been the dominant feature of world trade since WWII. But the developing world is now aware and that structure of world trade may soon be history.
In a properly established banking system, through adjustments in required reserves rather than changing interest rates, there need be no inflations or deflations. Created debt-free money can build most infrastructure, increasing required reserves in step with that money creation maintains a stable money supply. A proper banking structure can stop an economic collapse in its tracks. It can also rapidly industrialize undeveloped regions of the world. That proper banking structure, along with eliminating all other monopolies can reduce the workweek to 2 to 3 days per week with no loss of food, fiber, or shelter. World poverty can be eliminated in 10 years and a quality life for all can be attained in 50 years.

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Book Details

Published
January 1, 2009
Publisher
The Institute for Economic Democracy
Pages
486
Format
Paperback
ISBN
9781933567105

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