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Rescooped by oAnth - "offene Ablage: nothing to hide" from Networked Society
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Is a revolution in economic thinking under way?

Is a revolution in economic thinking under way? | manually by oAnth - from its scoop.it contacts | Scoop.it
Our current situation is conducive to revolutionary thinking, if not yet in politics, then maybe in economics.

 

The BoE has spent £50 billion over the past six months to support bond prices. That could instead have financed a cash handout of £830 for every man, woman and child in Britain, or £3,300 for a typical family of four. In the United States, the $40 billion the Fed has promised to transfer monthly, with no time limit, to banks and bond funds, could instead finance a monthly cash payment of $500 per family – to be continued indefinitely until full employment is restored.


Via Sepp Hasslberger
oAnth - "offene Ablage: nothing to hide"'s insight:

// oAnth: What sounds on a first glance quite marvelous, needs in my opinion to consider who is paying here to whom by which kind of interests and conditions. The question, where these huge amounts of money are coming from, seems to be not even noteworthy.


The states' fiscal sovereignty is completely questioned. It's an open revolution not in economic thinking, but in the foundations of the state's authority. In so far this discussion continues the neoliberal agenda on a less hidden manner as a clear opening to the area of neofeudalism and proves an ongoing obvious power shift.

It has IMHO nothing to do with a P2P decentralized economy.

 

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// oAnth: I have to correct my latest entry in so far, as I have misunderstood the source of the money, which is to spend. If I understand well now, it would be a more or less indirect debt cut by spending money, created by the central bank, directly to the population, but - but I would instantly like to add, the incentive to the exploitation circle would nevertheless in a long run only be to tame by additional much higher top income taxes.

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Sepp Hasslberger's curator insight, February 4, 2013 9:39 AM

It seems that the trust in banks and the economists who back them is fast coming to an end. There is talk abut innovative solutions to the crisis, and one of those is to spend money not on bailing out banks or holding up bond prices (so the rich can continue to accumulate ever more money) but to actually help the people... what a novel idea! Well, actually not. It was proposed a century ago by some "rogue" economists but no one listened.

Rescooped by oAnth - "offene Ablage: nothing to hide" from The P2P Daily
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How to Build a Global Brain

Archival insight in to  motivation behind nooron.org software project.

 

 

// read more at source URL: http://web.archive.org/web/20030416012141/http://www.noosphere.org/background/how_to


Via Glistening Deepwater, P2P Foundation
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