New World System

New World system - youtube clip

http://www.youtube.com/watch?v=UcTfmo62PfI

This is about the Critical path, how mankind after 200,000 of progressive evolution has reach a point where it is now possible to think abundance. We have crossed the critical point in the year 1970.

We are doing more and more with less and less.

The world is waiting for a genius similar to Einstein in the field of Economics. The existing assumptions is

economics is defined as the science of allocation of scarce resources. This idea is so controversial, as controversial as when the idea of the sun is at the centre of the solar system instead of the earth when first proposed by Galileo.

People will soon be phased out as a factor of production. They will be replaced by technologies.

The new systeme will require method of allocating technology rather than labour as factor of production. eg Computer expert system will make human labour obsolete.

Charles Handy - book , Lord Kynes said we are being inflicted by a new danger, technological displacement type of employment.

Louis Kelso

http://www.globaljusticemovement.org/subpages_thirdway/intro_be.htm

Post-Scarcity Economics
There is an economic fault line running throughout the world which today’s economic gurus seem unable to explain or remedy: the widening wealth and income gap between a tiny rich elite and multitudes of poor in every country between and within developed and developing nations. With global communications, the global economy, and our global environment, we cannot help but feel the tremors inside and outside national borders. These growing economic imbalances have promoted bloody conflicts, widespread starvation, international crime and corruption, depletion of the planet’s non-replenishable resources, unconscionable destruction of the environment and systematic suppression of human potential and life-enhancing technology.
One post-scarcity visionary of the 20th Century, lawyer-economist Louis Kelso, understood the power of technology either to liberate or dehumanize people. Popularly known as the inventor of the employee stock ownership plan (ESOP), Kelso observed that modern capital tools and their phenomenal power to "do more with less" have offered people an escape from scarcity to shared abundance.
As a lawyer Kelso also saw that the design of our "invisible" institutional environment and social tools determines the quality of people’s relationship to technology. Such intangible things as our laws and financial systems determine which people will be included or excluded from sharing of access to equal economic opportunity, power and capital incomes.
Access to capital ownership, asserted Kelso, is as fundamental a human right as the right to the fruits of one’s labor. Kelso argued that the democratization of capital credit is the "social key" to universalizing access to future ownership of productive wealth, so that every person, as an owner, could eventually gain income independence through the profits from one’s capital.
Kelso’s Economics of Ownership and Justice
At the heart of what Kelso called "binary economics" is a simple but revolutionary proposition. Kelso stated that people could legitimately create economic value through two (thus binary) factors of production:
Labor (which Kelso defined as all forms of economic work by people, including manual, intellectual, creative, and entrepreneurial work, and so-called "human capital"), and
Capital (defined by Kelso as anything non-human contributing the production of marketable goods and services, including tools, machines, land, structures, systems, and patents).
Capital, in Kelsonian terms, does not merely "enhance" labor’s ability to produce economic goods. (It wasn’t Bill Gates’ labor that accounted for the increase in his wealth in one year’s time from $50 billion to $90 billion; his capital would have kept producing even if Bill Gates were in a coma.) According to Kelso, capital (increasingly the source of economic growth) should increasingly become the source of added property incomes for all.



philosopher - economist - binary economic system.Capital ownership will be the dominant factor of production. we do not have a system based economy. Partners not wage earners. Everybody will be affluent and they dont have to get thier hands dirty to get the things they want. The things could be free for all. Is this good ?

The purpose of technological and industrial revolution is to put people out of work in a good way. Technological unemployment. The owner of property should be abolished. everydbody will be capital owner. Now the problem of the technological ownership is by only a few. Binary economics, labour and capital ownership. Our current system is not going to bring justice to this new development. MIcrosoft ? McDonalds?

Libya is using a revolutionary idea. You can start a business provided you dont pay wages. You make everyone a partner. Isn't this interesting ? it is the capital portion that is producing the value.

The renasaince will be human spirit will now be free. Everyody will have full self expression. People will do what they feel like doing.

Institution for expression / venue to express human spirit that is not expressed in monetoary sense.

Public access TV is not for commercial purpose. It is a place for people to express how they feel. It has to be free. This is very important for the transformation to work.


Hazel Henderson - system theorist

Buckminster Fuller World Game Synergy Anticapatory
http://www.youtube.com/watch?v=hYtQ_-rpAUo&feature=related