Saturday, February 22, 2020

Replacing Capitalism

Our friend Alex asked about money, etc.

Here's what I offered:

Thanks, Alex.

There are two money questions: how is it created (static) and how is it used (dynamic). A third, false, pseudo-question, that is used by time-wasters, is 'What is money?'

Those who support capitalism focus, sometimes exclusively and fanatically, to the money-creation story: because they are happy to still exploit others, which is what capitalism is, but they don't like being exploited by others ('The Banksters', the accountants, etc, etc).

It is too early to tell whether the Modern Money Theory controllers are, as equally, the Positive Money controllers,  in favour of the continuation of capitalism.

However, the Campaign for Interest-free Money is in favour of removing the use of money to exploit people and planet.

This Campaign, then, is part of the plan for Co-operative Socialism, which replaces all five of the TRIPUp mechanisms that capitalism uses.

As to those five TRIPUp mechanisms:

Co-operative Careship, time-limited, non-transferable leases fom the commonweal (by appropriate co-operatives) of appropriate economic resources, rather than Theft of Land, etc (that's the T in TRIPUp) for sustainable, respectful wealth creation.

No Rent (that's the R in TRIPUp).

(Incidentally, the T word, Theft, is called Ownership by the Thieves: who allow their Praetorian Guard, the 10%, to Tax us, the 88%, while they, the 2%, the Thieves, extract Rent, Interest and Profits from us, the 88%.)

So back to the rest of the five TRIPUp mechanisms:

I stands for Interest, paid on debts including money-created-as-interest-bearing-debt (as per the Social Credit, MMR and Positive Money people, above): Co-operative Socialism abolishes debt and interest.

P stands for Profits-to-capitalist-shareholders: in a Co-operative Socialist economy, the 'Financial Surpluses' in Co-op speak, get returned to 'The Common Purse' for use to enhance The Common Good.

Finally, the Up part.

This deals with Incomes.

Within Nations, Co-operative Socialism proposes that, eventually, the use of money will disappear, since most human needs will be 'Community-provided, Free-at-the-point-of-use', on the NHS, Public Libraries, Schools, Social Services, Fire Service, etc, model.

In the meantime, we propose that money incomes should be based on a Living Income for Everyone, socially-determined, annually-reviewed, and not mean-tested, along with an upper limit , again socially-determined and annually-reviewed, for incomes from paid work.

The international aspects of this are in the seven-point plan for Co-operative Socialism, as published as a five, monthly article set by the Canadian Centre for Policy Alternatives, the 'CCPA', and available as a PDF, 'CCPA Monitor, Readings on Co-operative Socialism'.

That is in the papers' section at:

www.interestfreemoney.org

There arw videos and a recorded radio interview on YouTube. Search there using:

"Co-operative Socialism"

And collected short essays at:

www.sustainabilitynotcapitalism.blogspot.com

Finally, an early essay, also archived in the papers' section at www.interestfreemoney.org is titled 'Solving the world's problems: it can be done' might be 'of interest'!

Very best wishes,

John.

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