Economic reform

Economic Reform

Hi OM

While there is much truth in your assertion that many of the worst excesses of the current economic system could be averted by application of existing law, it is also true to say that the base level incentive structure of a valuation system based upon markets will deliver scarcity to a dominant fraction of society.

It is certainly true that competition in the market place has an incentive to drive prices down, and invokes a technological spiral in this regard; and it is also true that the higher level “meta” incentives are to maintain the system at an optimal level of scarcity that optimises the flow of money. So in this meta sense, the system has fundamental incentives against the delivery of universal abundance, and universal freedom. So in this sense, capitalism is not a human friendly or particularly stable sort of a system (there are other deeper reasons, associated with the mechanism of capital formation and accumulation where the incentives are fundamentally anti human {anti individual liberty} also – but these take far longer to explain).

About Ted Howard NZ

Seems like I might be a cancer survivor. Thinking about the systemic incentives within the world we find ourselves in, and how we might adjust them to provide an environment that supports everyone (no exceptions) - see www.tedhowardnz.com/money
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