How Economic Inequality Harms Societies

We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust.

In “The Spirit Level,” Richard Wilkinson charts data that proves societies that are more equal are healthier, happier societies.

Richard Wilkinson talk at the TED Conference is another wake-up call to radically rechart our course or the collapse is going to be very frightening and very chaotic.

The unjust “system” is at the root cause of the American decline. We have been operating with one-factor (labor worker) thinking instead of realizing and acknowledging that over the past century there has been an ever-accelerating shift to productive capital––which reflects tectonic shifts in the technologies of production––financed through the “system” to further concentrate its ownership among the 1 percent minority.

When the American Industrial Revolution began and subsequent technological advance amplified the productive power of non-human capital, plutocratic finance channeled its ownership into fewer and fewer hands, as we continue to witness today with government by the wealthy evidenced at all levels.

While the rich get richer through continuous incremental acquisition of production capital ownership, the working class and middle class further sink to near poverty or poverty levels, shackled to the idea that the only way to earn a living is through a JOB. Yet, technological advances continue to eliminate or displace jobs and there is simply not the opportunity available to those dependent on job security alone. Private sector job creation in numbers that match the pool of people willing and able to work is constantly being eroded by physical productive capital’s ever increasing role.

Because productive capital is increasingly the source of the world’s economic growth it should become the source of added property ownership incomes for all. Binary eonomist Louis Kelso postulated that if both labor and capital are interdependent factors of production, and if capital’s proportionate contributions are increasing relative to that of labor, then equality of opportunity and economic justice demands that the right to property (and access to the means of acquiring and possessing property) must in justice be extended to all. Yet, sadly, the American people and its leaders still pretend to believe that labor is becoming more productive.

We must embrace technology  and the means to create superautomated factories, robotics, and computerized operations of the future, financed using capital credit to broaden ownership and empower every citizen to become a capital worker, in addition to their labor worker input. If we fail to recognize this obvious correction, then deficits will continue to grow, the majority of American will be increasingly less secure, and the level of near poverty and poverty will increase, as well as the continual breakdown and deterioration of our public works. Sadly, the American Dream of opportunity will be lost.

See “Democratic Capitalism And Binary Economics: Solutions For A Troubled Nation And Economy” at:

http://foreconomicjustice.com/11/economic-justice/

http://www.ted.com/talks/lang/en/richard_wilkinson.html

Ryan Does Not Go Far Enough For Some Conservatives

“We’re going to show the country there is an alternative path to the one the president has us on,” said Rep. Paul D. Ryan(R-Wis.), the House Budget Committee chairman and architect of the GOP blueprint.

The REAL alternative to both Republican and Democrat platforms is a platform based on policies that broaden private, individual ownership of new productive capital formation using capital credit mechanisms, which provide for payback out of the future earnings of the new investments in the American economy’s growth. With resulting growth in significant double-digits we will be able to retire debt and strengthen the productive capacity of American manufacturing to produce quality products and services demanded by a simultaneously growing base of new capitalist consumers.

“We don’t want to turn the safety net into a hammock that lulls able-bodied people into lives of dependency and complacency,” Ryan said.

Without significantly growing the American economy with broadened ownership in new productive capital, exponentially more Americans from the working middle class will require some form of government dependency that over time will result in complacency.

We need policies that strengthen the individual through ownership participation in the growth of the American economy. The 2012 Capital Homestead Act is a policy platform that provides much need solutions and empowers the vast 99 percent majority who are capitalless to acquire a viable capital estate over time and become independent of government redistribution schemes.

http://www.washingtonpost.com/blogs/ezra-klein/post/wonkbook-for-some-conservatives-even-ryan-does-not-go-far-enough/2012/03/22/gIQAMIuSTS_blog.html#weighIn

Future Education Skills

“The National Science Foundation estimates that 80% of the jobs created in the next decade will require some mastery of technology, math, and science”

While the future holds less promise for universal job employment due to the ever progressing contribution of technological-driven production using superautomation, robotics and computerized operations, the jobs that will will be in demand w…ill “require some mastery of technology, math, and science.” If we don’t rechart our economic policies to broaden private, individual ownership of new productive capital formation, then more troubling is that the continued stagnation of the American economy will further dim the economic hopes of America’s youth, no matter what their education level. The result will have profound long-term consequences for the nation’s economic health and further limit equal earning opportunity and spread income inequality. As the need for labor decreases and the power and leverage of productive capital increases, the gap between labor workers and capital owners will increase, and the conditions will become very frightening and very chaotic.

http://www.fastcoexist.com/1679529/how-corporations-are-helping-to-solve-the-education-crisis

"Brace Yourself! The American Empire Is Over & The Descent Is Going To Be Horifying!???

Author and Pultzer Prize-winning foreign correspondent Chris Hedges’ interview with C-SPAN2 is a wake-up call to radically rechart our course or the collapse is going to be very frightening and very chaotic.

The unjust “system” is at the root cause of the American decline. We have been operating with one-factor (labor worker) thinking instead of realizing and acknowledging that over the past century there has been an ever-accelerating shift to productive capital––which reflects tectonic shifts in the technologies of production––financed through the “system” to further concentrate its ownership among the 1 percent minority.

When the American Industrial Revolution began and subsequent technological advance amplified the productive power of non-human capital, plutocratic finance channeled its ownership into fewer and fewer hands, as we continue to witness today with government by the wealthy evidenced at all levels.

While the rich get richer through continuous incremental acquisition of production capital ownership, the working class and middle class further sink to near poverty or poverty levels, shackled to the idea that the only way to earn a living is through a JOB. Yet, technological advances continue to eliminate or displace jobs and there is simply not the opportunity available to those dependent on job security alone. Private sector job creation in numbers that match the pool of people willing and able to work is constantly being eroded by physical productive capital’s ever increasing role.

Because productive capital is increasingly the source of the world’s economic growth it should become the source of added property ownership incomes for all. Binary eonomist Louis Kelso postulated that if both labor and capital are interdependent factors of production, and if capital’s proportionate contributions are increasing relative to that of labor, then equality of opportunity and economic justice demands that the right to property (and access to the means of acquiring and possessing property) must in justice be extended to all. Yet, sadly, the American people and its leaders still pretend to believe that labor is becoming more productive.

We must embrace technology  and the means to create superautomated factories, robotics, and computerized operations of the future, financed using capital credit to broaden ownership and empower every citizen to become a capital worker, in addition to their labor worker input. If we fail to recognize this obvious correction, then deficits will continue to grow, the majority of American will be increasingly less secure, and the level of near poverty and poverty will increase, as well as the continual breakdown and deterioration of our public works. Sadly, the American Dream of opportunity will be lost.

See “Democratic Capitalism And Binary Economics: Solutions For A Troubled Nation And Economy” at:

http://foreconomicjustice.com/11/economic-justice/

http://www.blacklistedradio.com/?p=773

President Ronald Reagan: Own Or Be Owned

This is a powerful radio address from President Ronald Reagan in which he advocates broad-based ownership of productive capital by the people of this nation. What happened to the Republican party? Why aren’t they pursuing this platform? See www.foreconomicjustice.org

“More than 100 years ago, Abe Lincoln signed the Homestead Act making it possible for our people to own land. This was a revolutionary development. Ownership of land in most of the world had not been possible for the ordinary citizen…. The Homestead Act set the pattern for American capitalism…. Now we need an Industrial Homestead Act, and that isn’t impossible.”

— Ronald Reagan; Radio commentary, “Tax Plan No. 1,” /Viewpoint with Ronald Reagan/, February 1975.

http://www.youtube.com/watch?v=JIo7ETP9RG4

GOP's Wishful Budget

“We’re going to show the country there is an alternative path to the one the president has us on,” said Rep. Paul D. Ryan(R-Wis.), the House Budget Committee chairman and architect of the GOP blueprint.

The REAL alternative to both Republican and Democrat platforms is a platform based on policies that broaden private, individual ownership of new productive capital formation using capital credit mechanisms, which provide for payback out of the future earnings of the new investments in the American economy’s growth. With resulting growth in significant double-digits we will be able to retire debt and strengthen the productive capacity of American manufacturing to produce quality products and services demanded by a simultaneously growing base of new capitalist consumers.

“We don’t want to turn the safety net into a hammock that lulls able-bodied people into lives of dependency and complacency,” Ryan said.

Without significantly growing the American economy with broadened ownership in new productive capital, exponentially more Americans from the working middle class will require some form of government dependency that over time will result in complacency.

We need policies that strengthen the individual through ownership participation in the growth of the American economy. The 2012 Capital Homestead Act is a policy platform that provides much need solutions and empowers the vast 99 percent majority who are capitalless to acquire a viable capital estate over time and become independent of government redistribution schemes.

http://www.latimes.com/news/nationworld/nation/la-na-gop-budget-20120321,0,7721832.story

U.S. To Impose Tariffs On Solar Panels From China

The focus has shifted to Chinese practices that many American companies and trade experts agree are more onerous and threatening to the future of U.S. economic security. China has in recent years moved to erect various rules and policies aimed at protecting its lucrative market from foreign domination while nurturing its own national champions to compete globally.

The Chinese economic strategy is shifting away from attracting multi-national foreign direct investment to unfairly supporting Chinese-owned companies. China is now adopting policies and rules that pressure foreign firms to share technology with Chinese companies, or the Chinese government, as a condition for doing business in China.

For well over a century the federal government was largely financed by tariffs averaging about 20 percent on foreign imports. All the way up to 1972 tariffs were generaly well over 7 percent and in most years averaged 20 to 30 percent. Tariffs kept our home-based manufacturing strong. Americans expected to pay more for foreign products than those Made In The USA. Now we pay far less for Chinese-made products than the American equvalant or non-equavelient becuse those American products are no longer made in the U.S. We need a much stronger tariff policy. The high-profile failure of solar equipment maker Solyndra was attributed in large part to a sudden influx of low-cost Chinese panels, despite the advanced solar technology developed by U.S. engineers working at Solyndra.

The U.S. government must respond to China’s unfair trade practices with much higher tariffs than just 2.9 to 4.73 percent if we are to restore a strong manufacturing sector in the United. States.

The U.S. government should impose robust import levies and tariffs (tax) on particular classes of imports that are determined to be manufactured outside the United States and exported back to the United States that do not qualify as “Fair Trade” and unfairly undercut an American-make equivalent. At present, American corporations are increasingly abandoning the United States and its communities to invest in productive capital formation outside the United States, particularly in China, Mexico, India, and other parts of Asia. As a result, America is experiencing the de-industrialization of America. Such overseas operations have the advantage of “sweat-shop” slave labor rates relative to American standards, low or no taxation, supportive infrastructure provisions, currency manipulation, and few if any environmental regulations––which translate to lower-cost production. Thus, producing the same product or service in the United States would be far more expensive. For most people, economic globalization means a growing gap between rich and poor, technological alienation of the labor worker from the means of production, and the phenomenon of global corporations and strategic alliances forcing labor workers in high-cost wage markets, such as the United States, to compete with labor-saving capital tools and lower-paid foreign workers. Unemployment is high and there is an accelerating displacement of labor workers by technology and cheaper foreign labor, resulting in greater economic uncertainty and unstable retirement incomes for the average American citizen––causing the average citizen to become increasingly dependent on government wealth redistribution programs.

We need a policy change, which assures truly “Fair Trade” and that exponentially reduces the exodus of our manufacturing prowess and invigorates America’s entrepreneurial exceptionalism and competitive spirit to create products and services in the spirit of “the best that they can be.” We need policies that will de-incentivize American multichannel corporations and others from undercutting “American Made,” while simultaneously competitively lowering the cost of production through expanded capital worker ownership. At present, the various incentives in place do not broaden capital ownership but instead further concentrate ownership.

http://www.latimes.com/business/la-fi-china-solar-tariffs-20120321,0,2176573.story#tugs_story_display

 

Why The Republican Budgets Make The Poor Pay

The deficit will worsen so long as the country ONLY thinks in terms of one-factor labor worker employment and does not harness technological opportunity for advanced superautomated factories, robotics and computerized operations to constantly make for more and more efficient production of products and services. At the same time, it is imperative that capital credit mechanisms be used to finance this growth while simultaneously broadening ownership of the new productive capital that will be doing the bulk of the actual “work.” Otherwise, deficits will continue to grow to redistribute income in the form of make-work, military boondoggles, and welfare support to ensure there is money circulating in the “system” to purchase what is produced. With significant broadened private, individual ownership of new productive capital the economy will grow dramatically and the tax revenues will significantly increase to retire the debt.

The current system perpetuates budget deficits and unsustainable government debt, underutilized workers, a lack of financing for financing advanced energy and green technologies, an outsourcing of U.S. industrial jobs to low-wage countries, trade deficits, shrinking consumption incomes among the poor and middle-class, and conventional methods for financing productive growth that increase the ownership and power gaps between the top 1 percent and the 90 percent whose combined ownership accumulations are already less than the elite whose money power is widely known as the source of political corruption and breakdown of political democracy. We know that political democracy is impossible without economic democracy. Those who control money control the laws that fosters wage slavery, welfare slavery, debt slavery and charity slavery. These laws can and should be changed by the 99 percent and those among the 1 percent are committed to a just and economically classless market economy and true equality of opportunity, a level playing field in the future for 100 percent of Americans.

We can no longer ignore the injustice of the current system. We need to extend capital credit to ALL Americans to finance future growth of the economy such that the new productive capital assets will be broadly owned privately and individually. We economic growth unleashed with technological implementation, the economy will grow at 10 to 15 percent annually, employment will accelerate, and there will be less and less need to provide income supports for those in need and rapidly retire the deficit.

http://www.washingtonpost.com/blogs/ezra-klein/post/wonkbook-why-the-republican-budgets-make-the-poor-pay/2012/03/21/gIQA9qLURS_blog.html

National Debt Has Increased More Under Obama Than Under Bush

It will worsen so long as the country ONLY thinks in terms of one-factor labor worker employment and does not harness technological opportunity for advanced superautomated factories, robotics and computerized operations to constantly make for more and more efficient production of products and services. At the same time, it is imperative that capital credit mechanisms be used to finance this growth while simultaneously broadening ownership of the new productive capital that will be doing the bulk of the actual “work.” Otherwise, deficits will continue to grow to redistribute income in the form of make-work, military boondoggles, and welfare support to ensure there is money circulating in the “system” to purchase what is produced. With significant broadened private, individual ownership of new productive capital the economy will grow dramatically and the tax revenues will significantly increase to retire the debt.

http://www.cbsnews.com/8301-503544_162-57400369-503544/national-debt-has-increased-more-under-obama-than-under-bush/

Paul Ryan's Plan: The GOP Budget

Ryan’s budget funds trillions of dollars in tax cuts, defense spending and deficit reduction by cutting deeply into health-care programs and income supports for the poor.

The current system perpetuates budget deficits and unsustainable government debt, underutilized workers, a lack of financing for financing advanced energy and green technologies, an outsourcing of U.S. industrial jobs to low-wage countries, trade deficits, shrinking consumption incomes among the poor and middle-class, and conventional methods for financing productive growth that increase the ownership and power gaps between the top 1 percent and the 90 percent whose combined ownership accumulations are already less than the elite whose money power is widely known as the source of political corruption and breakdown of political democracy. We know that political democracy is impossible without economic democracy. Those who control money control the laws that fosters wage slavery, welfare slavery, debt slavery and charity slavery.  These laws can and should be changed by the 99 percent and those among the 1 percent are committed to a just and economically classless market economy and true equality of opportunity, a level playing field in the future for 100 percent of Americans.

We can no longer ignore the injustice of the current system. We need to extend capital credit to ALL Americans to finance future growth of the economy such that the new productive capital assets will be broadly owned privately and individually. We economic growth unleashed with technological implementation, the economy will grow at 10 to 15 percent annually, employment will accelerate, and there will be less and less need to provide income supports for those in need and rapidly retire the deficit.

http://www.huffingtonpost.com/2012/03/20/paul-ryan-plan-2012-gop-budget_n_1367882.html?show_comment_id=142586018#comment_142586018