25 August 2009

Post Modern Economics, and tell em' we're coming.

Post-modern economics or wiki's entry on post-capitalism have illuminated just where we are today. Economics doesn't explain the current situation any more clearly than the good books and pundits. Still if you are here and now, you can see for yourself what is going on. And that is just what the market requires: Bartering and appreciation of value, knowledge and interest in the basics as well as the finer things.

Below you will see the two main points key for resolution to achieve a market, local and global. They not only support but facilitate development, however you may define that. It is as much about us individually as collectively. The adage "think globally and act locally" has meaning we must remember and know.

So when the relationship broke from planting the seeds for the future of mankind to fighting over the fruits of our labor, the kernel of knowledge was reaped that shows us it will grow with or without us. My belief is that beyond sorting ownership and efficient allocation issues out, the markets as well as the ecology will resume operations beautifully.

Past economic theory wrongly thought or promoted these topics as already defined. The case is still open though. Law as we know it shows itself to be created by man. Not even woman has spoken on this issue of ownership: They who play by the rules anyway.

With your help, the case could take a turn so that the shared understanding of the "tree of life" belonging to everyone, symbolically and literally, as well that everyone must serve in their own capacity to protect, if not only tread lightly, on life, to simply continue the conversation.

In western economic theory, ownership is benefit or asset, an equation, matter of liability or a question of responsibilities and irresponsibility. I can't speak for Easterners, multi-generational natives or non-Westerners, but usury and the comprehension of owning is more likely related to belonging. Maybe the focus that we're indebted to only the Earth and Sun, and belong to the Earth more than the Earth belongs to us.

This line of reasoning or set of values and core beliefs have an immense impact on how an economy would function. Ideally there would be room for ownership, along with all it's benefits and liabilities. And a production market, above and beyond the material needs, where service and information economies grow to suit those who understand the whole picture. By the whole picture I mean that it would be only fair to gamble that which you have to gamble with. This action requires understanding more than is required now, before being able to so easily manipulate world markets. Business would not be required to be of prime interests to the majority, no more than minding your own business is today...with the current very marginal returns. This is not and could not be dictated or governed, controlled by few or by all, government or bank. Lord knows we've been trying but without the need maybe for those responsible for trying so hard to be tried we can settle for fair practices and conscientious decisions from here on.

Regarding efficient allocation: It's 'efficient' if factoring out what economics calls externalities: Costs not paid for directly or a cost usually added to the public or entire economy / ecology. The risk and costs have been acceptable because of miscalculations and ignorance of the efficacy of full disclosures.

But today it's clear: The cost of energy reveals the inefficiency in transportation, trade and production. When foreign policy and local economies mix we end up competing with everyone. That sets the stage for the bad effects of globalisation. When foreign policy and local economics are distilled, the benefit of a outside revenue or input is sometimes invaluable.

Finally, economic theory assumes perfect information. This is something we can take action with today. As we allow the issues of ownership and efficient allocation to settle, we can inform ourselves easily just by putting the wish to do so first. Above all is the creation of a future in which we are happy and adjusted, where we and our kids are in balance better than our check books.

Looking at the books, but not always by the books:

Greco Chapter 16 A regional Economic Plan

Dowd's Experience of Free Banking

4 Comments:

Blogger Unknown said...

I have to add that this blog and many others could be boiled down to be much tastier. Any one interested in cooking? Baking? :)

4:18 AM, August 25, 2009  
Anonymous Anonymous said...

This comment has been removed by a blog administrator.

4:51 AM, December 07, 2009  
Anonymous Anonymous said...

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6:14 PM, January 19, 2010  
Blogger JHLee said...

Nice idea to reverse the positions of ownership. We might be possessions of the earth, not visa-versa.

I've always felt that in a perfect world, we'd all be gardeners of Eden.

7:17 AM, December 10, 2010  

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