Jim Dator wrote, in part:
> It all shows the lunacy of a system which still requires people to "work"
> even though their labor is not needed--what is needed is their "purchasing
> power." Can't this be achieved without their having to "work for it" if
> there are so few truly "needed" jobs?? Janitors? Hamburger Flippers? and
> Lawyers for heaven's sake!! Speak of make work!
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First we must go back to Jim's discussion of the "cashless" society. The
difference between the rich and the poor is that if everyone called a
halt to the game and asked that everyone levelize their accounts by
paying off their debt, the rich could liquify their assets and pay off
their credit cards while most others could not. Its like a poker game at
the end of the night- throw in your coins or your deed to the ranch. The
rich are securitized, often by holding the assets of the poor capitve.
This is what has happened in Mexico and in the far east. The bakers were
asked to "put" and they had to reach into their pile of assets and
liquify. Some didn't have enough liquidity so the government paid the
debt and borrowed the money which they will repay by taxing the poor and
inflating the currency. It is the poor in the developing countries who
pay so that the bankers AND THE POOR IN THE DEVELOPED COUNTRIES can
maintain their life style. After all, goods sold cheaply because of the
sweat in SE Asia lets poor americans think that they are in hog heaven
when they go to Wal Mart
Now we look at Jim's proposition that we are "making work" to affect an
economic exchange and we wonder how that can be since today some human
hand has to get the automobiles to the show room and some nanny has to
be paid so that the lawyer husband and wife can go to the courts and
write the torts. We don't live in a world where there is useless
employment, we live in a world where some who are employed are able to
consume more for their hours work than another person.
Hmm, let's see. What happens when Indira Ghandi Open University starts
offering fully accredited futures courses to students at the University
of Hawaii at one tenth the price. Time to liquify some of those
retirement annuities?
thoughts?
tom abeles
