Like the changes that have gone before, capitalism’s latest transformation will alter the relationship between markets and governments and between politics and economics. It is the ability to adapt that secures capitalism’s survival. Version 4.0 will be as different from the recent free-market fundamentalism as Reaganomics was from the New Deal. Capitalism’s evolution over the past 200 years is linked particularly to the changing role of government. The managed economies of Capitalism 2.0 were based on a fundamental faith in governments’ ability to solve economic problems. Version 3.0, after the 1970s, romanticised markets and distrusted government. Within each of these broad categories,there were mini-shifts, Capitalism 2.1, 2.2, etc. What I would like to see is much more openness, though there are clear problems with this in terms of handing over manufacturing expertise and capacity to potential loonies, and weapons technology to terrorists. Deep inside what is going on are old habits, like trying to force maximum production out of people who serve masters and so on. There is no need for this now.
On 14 July, 06:47, iam deheretic <[email protected]> wrote: > OK, my thoughts were several > set up a Malta Fund - Tax Free - this fund is owned by the permanent > residents of Malta-and the money can not be removed.. each resident would > mandatory donation of 5 € per person. Each tourist would be required to > make mandatory volentary contribution of 5€ on entry to the country, no > matter how they arrive. > (politicians have no access to the fund) > monies to be used to improve the quality of life by investing in Malta (wind > generators, vertical green houses, desalination plants, etc) and these > investments are to be repaid + interest. (normal utility fees > wages paid by the Fund can not exceed 10 times the minimum wage .. ;o) > (built in wage control) it would be condidered an honor to be employed by > the fund.. > I have more ideas but that is just a start and the tip of the iceberg.. > Allan > > > > > > On Wed, Jul 14, 2010 at 2:43 AM, gruff <[email protected]> wrote: > > "... On Jul 13, 2:31 pm, archytas <[email protected]> wrote: ..." > > > > I see you chaps know little of Mediterranean crime. Already done. > > > Until the EU gets it act together I find it hard to trust. If the > > Justice Dept and the IRS can squeeze Switzerland, I doubt they'd find > > any other nation over there much of a problem. > > > > I want to think economically from the ground up, maybe to see if we'd be > > > better off with something like a 3-day week we all have to do with the > > > rest left as leisure or work we want to do. > > > I'd be heavily in favor of a 3 day work week. It would create jobs > > for everyone. However the increase in wages would cause prices to > > rise sharply introducing inflation. But a good central bank's > > monetary policy could keep that under control. There'd also have to > > be something done to entice people to put their increased leisure time > > to good use rather than just sitting around getting into domestic > > disputes, becoming a buzzed out stoner or a wastrel with a bottle of > > cheap wine, or getting involved in criminal activity. > > > I was just playing around there, but the concept of a 3 day work week > > has some very good potential if we can overcome the problems it would > > raise. > > -- > ( > ) > I_D Allan > > Be Paranoid. > God is always building a better idiot!!!
