tag:blogger.com,1999:blog-4413935813892441553.post2653396026526248070..comments2024-03-29T00:30:39.262-05:00Comments on real economics: Greider on Clinton and Wall StreetJonathan Larsonhttp://www.blogger.com/profile/05217670446743983955noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4413935813892441553.post-73407987256842700372015-12-23T08:09:36.630-06:002015-12-23T08:09:36.630-06:00Who is Prince Sovon? Don't think I want to cl...Who is Prince Sovon? Don't think I want to click on either of those links.<br /><br />The new system I’m thinking of would indeed work so well it will not only replace all “good” old practices, it will create new ones with new incentives for getting most of us up in the morning and going to work (or not) that will make most of us glad to be here and unafraid of what the new day might bring. (But not just for the sake of a new financial system that, in and of itself, will cease to exist.)<br /><br />What we really need is to completely rebuild everything on earth, top to bottom, the entire socio-economic-political system of the entire world! All of it. And if we do that we will be saved (as much as humanly possible) and Peace on earth will break out everywhere (because it’s always been more popular then war). Things will get easier once we get going, as we learn how to make the transition, there will be less fighting and more cooperation as it becomes obvious that life isn’t about money anymore.<br /><br />Indeed. The key, the most important thing in the new system, is that we stop thinking about money all the time and start working together toward a better “New Deal.” Money for small stuff yes, small scale private enterprise and personal stuff. But money for big stuff no, because anything big is social and only society at large can decide what could potentially affect the whole planet.<br /><br />No large private or personal fortunes allowed in this new system. No more capitalism to beguile us, no more corporations and financial institutions to get us all mixed up, and no more unemployment or mandatory work gangs either! Everyone who wants a job in the new system will get one (by mutual agreement) and the rest will be provided with subsistence food, healthcare, and shelter to think about it. That’s how the new system will begin. Neighborhood by neighborhood, each rebuilding itself within a new minimum (and maximum) standard of neighborhoods, residences, and businesses that will be allowed (or required for the sake of the common good for all) on earth from now on. (And no despots allowed either, everything strictly democratic with citizenship and the right to vote earned not granted by birth or waiver of any kind.)<br /><br />Those who know how to run a good financial institution, like the Savings and Loans, Postal banking systems, Sparkassen system in Germany, Bank of North Dakota, etc, as true believers in liberty and justice for all, they will know how to help and be the seed bed of inspiration for many in the many changes we need to make.<br /><br />When food, healthcare, and shelter are provided, warring factions will no longer be popular. There will be little left for them to fight about or fight over except all the typical bully stuff there’s always been (and will always be that we will always need a good cop for to help control them, the bullies, but no more military armed forces).<br /><br />Mortality and learning will continue to be abiding issues (the new system won’t be able to cure everything) but it will solve all of our money problems, so the sooner we get started the sooner we will get closer to living in a world where the rest of our fondest dreams might be possible too. (Things that money never could buy.)<br /><br />Deciding what we want the new system to accomplish is already established: “We the People, in order to form a more perfect union and better neighborhoods on earth for all to live in, in peace and harmony, to establish justice, insure domestic and neighborhood tranquility, provide for the common good, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this new system of everything on earth that shall be the order of the day from now on!” Sound familiar? The rest are details that will be worked out, as long as we are able to keep the demons’ rum and money at bay.<br />GPK SMEThttps://www.blogger.com/profile/10844260976638167009noreply@blogger.comtag:blogger.com,1999:blog-4413935813892441553.post-38191662571759662602015-12-22T10:39:36.709-06:002015-12-22T10:39:36.709-06:00You are probably right about the need to completel...You are probably right about the need to completely rebuild the financial system. I wonder though, how different a rebuilt system would be from a remodeled one. Bankers tend to think like bankers, after all, and banking has practices that have existed for centuries.<br /><br />And there have been practices in the past that have actually worked pretty well. Before it was blown up in the 1980s, the Savings and Loans did a pretty good job of putting people into homes they could afford. Postal banking has worked in many countries. The Sparkassen system has been very helpful in Germany. The Bank of North Dakota is amazingly effective considering the handicaps it operates under. Etc.<br /><br />Of course, if you are saying we need to build a new system that works so well, it will probably replace the old practices, then we are probably on the same page. Then it is mostly a matter of deciding what we want the new system to accomplish. Jonathan Larsonhttps://www.blogger.com/profile/05217670446743983955noreply@blogger.comtag:blogger.com,1999:blog-4413935813892441553.post-60249216354480476102015-12-22T09:10:40.903-06:002015-12-22T09:10:40.903-06:00I totally agree with you about Hillary Clinton. I...I totally agree with you about Hillary Clinton. I believe she and her husband are both unmitigated disasters that will only get worse the longer they hang around.<br /><br />I’ve given up on our political options. I stopped voting for the first time in fifty years when I couldn’t vote for Obama again in 2012. (He let me down.) But if Joe Biden came out for Bernie and agreed to stay on as Vice President, I think I could vote for that? It might stir things up a little!<br /><br />Meanwhile, I still don’t understand how you think reform and regulation of the banking systems will be enough to keep us going? (Does Tony know the chronology of banking and business reforms since Teddy Roosevelt and Sherman Anti-Trust in the 1890’s, to Glass-Steagall in the 1930’s, to its repeal under Bill Clinton and where we are now? I think it all translates to, "Reform and regulation doesn’t last long when it comes to money." WE NEED A WHOLE NEW SYSTEM!<br /><br />Ref: the question at the end of Greider, “Do the people want to hear the truth about our national condition?” Yes, I think they do. “Could they stand it?” Yes, I’m sure they could. But I also still feel that reform and regulation of our current systems is not enough compared to the whole new system I think we really need.GPK SMEThttps://www.blogger.com/profile/10844260976638167009noreply@blogger.com