What makes for a good society?

To be able to maximize our human potential we need to have available to us a public foundation capable of launching our abilities. The best societies are ones in which the individuals within them feel that they are a part of those societies. This would require that the people within these societies be able to buy what is produced, and this would depend on the amount of wages available to spend and the taxes to provide for them. At the core of every just society is a degree of public affluence that provides every person with the opportunity to become what he or she can become.

Societies that are designed to work for all have two basic elements and those are high wages and high taxes. With high wages money is spent.   High taxes would provide everyone with the public affluence that would provide people with the necessary support that would allow them to grow.

At the core of this system would be money flow. Money flow would be provided by wages and taxes. Within this system money is seen as the blood of society. As long as money is being exchanged, the blood of society keeps circulating and society remains healthy. Adding money to the system would allow us to stimulate the economy when needed.

There would be no need to save money because the idea would be to keep spending and that would require high wages and a social security system that would allow them to spend. This social security system would provide the necessary social structure that would give an all encompassing support system that people can rely on to protect them in all situations. This all encompassing support system would also require a high level of taxation to pay for it. This necessary social structure and high levels of taxation would move money between them, which would result in continually stimulating economic activity.

Welcome to the Corporate Plutocracy

For the first time in human history corporations designed to service the people’s needs takes on a direct political role by becoming the ones that determine the course that the nation and its people will have to take.

Democracy that was designed to empower people has become impotent in the face of corporate political power and its ability to provide employment when and where the corporation’s interests were best served.

Now, corporate political power determines the economic situation of a nation. Corporate wealth also dictates the political decisions that the governments that need them will have to take in order to keep them providing jobs for their citizens.

Allowing corporate interests to dictate the national interests of nations puts the nation at the whim of the corporations that they need to maintain their very existence. We have now entered a corporate plutocracy in which the interests of corporations and money have become the national interests of the state and the interests of the people have been left to their religious institutions to deal with.

Can democracy exist within a corporate plutocracy? Or will corporate plutocracy be the end of democracy?  This needs to be discussed if the negative consequences are to be avoided. This is discussed in my book Cosmopoly.

The Need for Local Control

The size of government and private corporations today has become so large that they are no longer controllable by the people that they both claim to ultimately serve. The belief that bigger-is-better in all things has come to an end. We need to bring back society to a more human scale where people can feel that they have a voice in the decisions being made concerning their future.

People feel disempowered by the size of the economy that they depend on and are at its mercy. The political systems that developed during an age when governments reigned supreme are now dictated to by the needs and wants of the private sector that commands the economy that both the people and their governments depend on.

What we need are governments and markets that function for us. Therefore, we need to be able to create and control them for ourselves and that means that they must begin at the local level and be formed from there.

Demand-Siding the Economy

Traditional economic thought is supply-side based with the funding of the suppliers of society. But in a situation where the supply-siders are not supplying, what I believe that we now need is a demand-side approach. A demand-side approach is needed to stimulate the market by funding the consumer who would then give the producer a reason to produce. It would also make the funding process much more reliable by allowing us to fund those individuals of society that actually need it.

A demand-side approach would restore confidence in the market by making our needed market relationships acceptable to one another. Both the consumers of products as well as their producers need to be given market exchanges that they can count on. A demand side approach would do just that by making our economic exchanges predictable.

The way to add predictability to market exchanges would be to require that each transaction be given its own manager to administer the type of market exchanges desired by the participants.