what does a bank produce? – loans -if a bank does not produce loans – it is essentially defect and may as well be closed
is unconditional basic income aka “free money” for the masses good or bad?
what would be much more important than monetary gifts (see unemployed people in eastern Germany even when given “free money” are unsatisfied because they have no work/no meaning/purpose in life.
What would be important to put in requirements and regulations that say banks must lend 90% of their newly digitally self-generated money and FED/ECB cash 0% (which is essential also “free money” (interest rate = the costs of money/currently: no costs)) to entrepreneurs and self-employed people and people with ideas that want to become entrepreneurs
currently it works like this:
a private bank borrows 1bn Cash from FED or ECB
for 0% or almost 0% and instead of phoning up and investing in ads “have an idea? here is your loan” providing the economy and innovative people with cheap money to turn ideas into reality and create jobs – it is – at least in the EU area largely put back into an ECB accounts even when that means paying “parking fees”.
“they (the banks) said,” We don’t give you credit, because we don’t know how long you can’t produce, how long the corona crisis will last.“
money that is not put to work / does not create jobs is a defective monetary system and needs to be fixed or risk major unrest.
a unconditional basic income (UBI) makes sense at this point in time / in this situation that banks fail at bringing “money to the (real) economy” / banks do not want to bring money into working hands thus the state and the customer must do it.
It would be the best economic program ever.
everyone would get 1000USD or 1000€ a month for a limited time – let’s say one year – then check how the economy performed.
and repeat or stop – but at least try.
then, of course, there is the question of sustainability
of course, it would be great to link a UBI directly with requirements for more sustainability such as:
electricity providers must be changed if not 100% of energy comes from renewable sources
there are two reasons why UBI might be prevented:
the banks are convinced, that printing money for themselves is “fine” while printing money for “jill and joe” would lead to Inflation (does not make sense to me)
why is the tax system so complicated? because it creates senseless jobs / so it is simply a job creation measures / a lot of administrative jobs could go away if UBI replaces all the complicated social programs and maybe even pension
The situation is this: if the people of former GDR / East-Germany stands in a queue – this time not for bread but for a handful of poorly paid Jobs with refugees from Africa and Syria, then it is (almost) clear who they will elect (the far right because – obviously US-capitalism has done anything for them but US / CIA fueled wars brought a lot of refugees that now compete in a capitalistic East-Germany without jobs.
This cannot be ignored – the same way a nuclear reactor that is about to blow – can not be ignored.
At the same time, East-Germany (still) hopes that they will not be completely left alone in this chaotic capitalistic mess without orientation by ex-Mother Russia (but those hopes are naive).
Kohl and his western allies have done nothing for the East but extraction and exploitation including the destruction of a lot of East-German companies, factories and jobs.
Which the East-Germans “thanked” him by throwing raw eggs during his 1991 visit to Halle. (a East-German city where the decay can be seen until today)
It would have been better to set up a special economic zone and then slowly align it (same with Hong Kong and North Korea)
30 years later… the landscapes in the East blooms only if jobless East-Germans can afford to paint with state subsidies (they can but not much more, also some problems can not be solved with money alone).
Yes, in the Soviet Union not everything was better, but everyone had a job – a purpose – even if it was mining with old equipment, but the people were proud on their jobs.
Everyone wants to be important part of society – and money-gifts can give no self-worth.
The Lobby-controlled Berlin has – still – no sustainable concept for the East and 30 years later it becomes clear, a 1: 1 copy of the transfer of the concept-west, i.e., exploitational capitalism / the US-model of economics simply does not work for the GDR.
it just doesn’t work.
No wonder that the former GDR people feel systematically left behind, disadvantaged and fooled.
There are legitimate grievances what humans need, that can not be ignored.
Also voters in the US feel that they do not have a voice, this is largely because of lobby corrupted Washington.
That was the idea behind voting Trump: this guy is so rich – he does not need to exploit the poor… well think again how he got rich?
By exploiting the poor! (by constantly raising real estate rents)
Said it before and say it again: If capitalism is more about extraction than about creating/adding value to the life of people – then capitalism is doomed to self destruction.
And yes: mankind will survive the end of capitalism.
And nature will survive mankind.
If politics has no solutions but only postpones mountains of problem: the politics is dead.
It would be dangerously arrogant to assume that the Western version of democracy is “perfect” (without a flaw) the non-plus ultra-version of democracy that does not need further development.
(there were little experiments with direct democracy and especially Switzerland has a long tradition… maybe democracy works better in small countries?)
This means that truly innovative regional democracy experiments and even experiments with different forms of finance and economics – a constant objective reasearch and development – of existing systems need to take place.
Mankind desperately needs innovative sustainable ways of survival and not a budget cut to schools and universities!
A digital dictatorship in 1984 style cannot be the “solution” but will create just more suffering.
But since the essence of capitalism “money” largely revolves around itself in a very egoistic manner – “the mother of Germany” Mrs Merkel and her party unfortunately massively lacks this awareness of transformation.
The problem mountain will just grow and grow – until it is no longer possible to ignore it, because the protests and the pressure to act becomes too great.
The nature of the powerful seams to be: ignorance is bliss nobody believes that new Hitlers could come to power all across EU and even in Germany – until it happens.
Like Fukushima: “Oh come on, a Tzunami of strength 10 hardly ever happens… Oooooops apparently, well, just 2 of 5 reactors exploded… let’s keep the other 3 running… forever and ever… and ever… and ever…”
Build wind turbines + hydrogen storage gas stations and hydrogen cars!
The Japanese are actually ahead in this field, but nobody has heard of the world’s first mass-produced hydrogen vehicle called Mirai.
The term “Mirai” comes from Japanese and means “future”.
But why are there no gas stations for hydrogen?
Because US Rockefeller-Koch-Big-Fracking-Oil, Trump and their loyal car manufacturers BWM, Mercedes and VW lobbyists in Berlin prefer to “keep it up”.
The Kodak CEOs also thought they could ignore change and stay analog instead of going digital with cameras.
It didn’t take long, today (almost) nobody speaks of Kodak anymore.
insecurity / anxiety not to survive without sufficient support from the (already mentally ill) money-community
Everybody knows the older the woman/men the worse the genetic material gets, the risk for a disabled child increase, the higher the risk of mankind to die out.
So shiny Coca Cola capitalism without limits: it is a poison for families and: IT’S A TRAP!
(for the WHOLE species)
But who can flee and declare independence from the monetary system?
Almost nobody – small steps are possible – grow your own food – your own water well – your own solar system – your own waste water treatment… well here the problems start… because of pro corporations lobby made laws. (gov corruption in short)
You will need money to buy land to free yourself from money (without governmental support a slow and agonizing process that goes over decades).
The worst: Why are there so many singles?
Unrestricted unlimited everyone will be happy “make believe” capitalism poisons the habitat with chemicals affecting the brains plus systematically breeds selfishness (this is scientifically proven) and psychopaths and destroys social skills – guess how this affects relationships (in the worst way possible… )
Apple: Social Freezing
the term itself makes me chill.
“With more and more women choosing to have children later in life, many are opting to freeze their eggs.”
In the 14th century, the cause of death for a lot of people was violence, so a lot has improved since then on the “obvious” violence front.
But the “systemic violence” front on a global scale is invisible to the naked eye… except for a few journalists that get shot because of writing the truth, the “systemic violence” of the system goes undetected – against the poorest of the poor but also against children of the West.