Capitalism
can function within a variety of models. It is my experience that
corporations, not the citizens, have been the major developer's of the
existing flawed
model. We should work to develop the best possible model of democratic
capitalism to meet the economic opportunity needs of the entire global
human community.
We are not talking
about socialism, communism, or collectivism; we are talking about the
development of a greatly improved model of capitalism appropriately
called democratic capitalism. We need the direct input of the people so
they can be the maker's of national and global economic policies.
Man invented
capitalism, not God. Some people think God invented this particular
model of capitalism, so they have proclaimed it to be sacred.
What we must have
is
"a truly moral, --character principled model of capitalism" that will
meet
the economic opportunity needs of the common homeland citizenry within
all
countries and economic communities. What could be more important than
improving
the economic life chances of the vast majority of 5½ billion
human beings? I know of
nothing
that more directly affects the livelihood of every living human being
than,
"the moral character" of global and national economic systems and all
the
policies and practices to which the entire economy must adhere to! The
existing
model of capitalism could be easily converted from an immoral win/lose
to
a moral mutual win/win economic human relationship equation.
In
the present model
of global
capitalism Transnational corporations have tremendous advantages over
over the homeland economies of countries because, they are
advantageously positioned to exploit the noncompetitive production cost
and regulatory cost differentials between countries. These gigantic
differentials do not constitute a mere "comparative advantage," as is
argued by advocates of unregulated laissez faire trade
and investment. Rather, non regulation provides an environment for the
unjust immoral exploitation of the unorganized powerless masses and
promotes a new form of human slavery.
These
global policies, along with
homeland
monetary policies of raising interest rates to slow economic expansion
with
the idea of keeping wages low; because, according to the Federal
Reserve
Board, (only) an increase in wages and employee purchasing power is
inflationary.
Tightening the money supply which raises interest rates and reduces
lending
to supply side competitors which automatically increases the costs of
the
delivery of nearly every product and service -- is promoted as a
controller
of inflation. Of course, both reason and experience prove the error of
such
a biased and convoluted lack of sound reasoning.
What
would
happen if we had laissez faire
free market sports? Would the corporate owners of the professional
teams be for it? Would the paying consumer fans and television
advertisers and audiences go for it? Would the players be for it? How
big would their salaries be?
What would happen to school sports?
We
all
realize that it would be a
noncompetitive horrible economic failure! Well, my good friends that is
the graphic display of no rules, no regulations, no holds barred,
laissez faire free market
economics! From the little leagues to the professional major leagues,
where
would we be without the regulatory leveling of the playing fields at
all
levels in competitive sports?
Righteous
and just economic policies will
save an untold number of lives while facilitating their opportunities
toward achieving prosperity. Most of the wars in history have been the
result of bad economic policy relationship equations. The use of
military weaponry in wars merely multiplies hatred division and more of
the same mutual destruction of human life! We better all wake up,
hundreds of millions of lives are at stake! This
is no exaggeration!
Therefore,
it is time to develop
participative and distributive economic opportunity justice policies.
These policies will be coupled with worldwide incentivized renewable
energy requirements which will be used to recycle scarce metals and
other materials so the global economy can expand without polluting our
planet.
DEFINING
ECONOMIC JUSTICE 08/21/00
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