The world of economics needs a wake up call. Look around and it is obvious that our global economic system is failing. Half of the world’s population is impoverished, malnourished, and not realizing their full potential as human beings. Even the so called richest and most powerful country in the world is trillions of dollars in debt. The proof is in the pudding. If the current economic model was working then living conditions upon this planet would reflect our current intellectual and technological potential. We right now have an extraordinarily greater potential for economic output than which is currently being realized. Thus this economic system is an obvious failure. If the assumptions and claims inherent within the contemporary theory were valid then there would not be such widespread poverty and suffering but rather the human race would be engaged in a prosperous age of civilization.
The current economic model is self defeating and does not enable optimal utility of available resources. Our economy is corrupted because certain backwards, unethical, and impractical practices have become necessary in order to keep the system functioning. We have reached a point where we have to hurt ourselves in order for the system to work. There is a counterproductive methodology of limiting supply in order to swindle larger personal profit for private enterprise. Rather than aiming to supply the entire population with essential resources, as should be the natural objective, commodities are being introduced in minimal quantities over extended periods of time in order to create an artificial scarcity as a means for sustaining corrupted economic system that is inherently flawed. The current theory is not accurate, nor effective, and this can clearly be observed by simply looking at the appalling conditions of the world. Because of such obvious failure to provide the prosperous yield we are capable of achieving a new economic model is thus imperative to the wellbeing of our society.
We currently have the potential to be living by an exceptionally greater standard of personal and social prosperity. Really we are all working way too hard and not getting enough back in return. By taking some time to perfect our economic system will enable all people to gain much more than what we are currently achieving. Right now we are spending much more money than we need and are not getting the quality and quantity of product that we should be. We are paying more and more and getting less and less.
This natural system that I am presenting is based upon universal principles of balance and is therefore guaranteed to be the most efficient and effective method for managing an economy. With the practice of natural economic principles humankind will be empowered to utilize the available resources to the absolute fullest potential and our generation will be the benefactors to an age of incredible prosperity.
What is an Economy?
An economy is a relationship between: (1) The amount of resources that are possessed, supplied, or being produced and (2) The rate at which such resources are required, demanded, or being consumed by a respective population.
An economy is the balance between the have and the need, the supply and the demand; what is possessed and provided divided by what is being consumed and exhausted. On one hand a certain supply is possessed but at the same time there is a necessity to expend that supply to provide for a certain need. The market is the place where resources are exchanged.
The purpose of managing an economic system
The basic objectives for managing an economic system are to:
1. Maximize: have, supply, resources, production, price, gain, sell and sustainability
2. Minimize: need, demand, requirements, consumption, cost, loss, buy and exhaustion
3. Balance the market in terms of: trade, savings, spending, and exchange rates
The purpose of managing an economy is to maximize the resources that are possessed, supplied, or being produced and to minimize the need, demand, and consumption while balancing spending and saving to ensure optimal utility, efficiency, effectiveness, and productivity. The fundamental objective is to provide for all human needs by utilizing the available resources and to supply the demand while ensuring the perpetual sustainability of the system and developing productivity.
Economizing is the practice of sustaining a maximum production yield in return for the amount of time and work invested while wasting the least amount of resources and energy in the process; it is utilizing wealth to the highest end most efficiently and effectively. The principle of economizing is to attain the greatest outcome while incurring the lowest cost; gain the most while spending the least; accomplish a lot by working very little; do more with less.
A healthy / balanced economy
A healthy economy sustains an even balance between have and need, supply and demand, production and consumption, and revenue and expenditures where resources are utilized to the fullest potential efficiently and effectively without being exhausted resulting in an overall gain and profit.
Growth is the result of a proficient infrastructure capable of meeting and sustaining the requirements and demands of the population and effective management by the system of government.
A diseased / imbalanced economy
A diseased economy is an unsustainable state of uneven imbalance where needs, demands, consumption, and expenditures are not adequately met by haves, supplies, production and revenue and where resources are not utilized to the fullest potential and the system is inefficient, ineffective, and being exhausted resulting in an overall loss and deficit.
Decline is the result of an insufficient infrastructure that is not capable of meeting and sustaining the requirements and demands of the population and ineffective management by the system of government.
Indicators of a healthy / diseased economy
+ A healthy economy exhibits signs of sustainable economic growth whereby social living conditions progressively get better. Indicators include:
+ Population has basic needs provided
+ Resources are attainable and accessible
+ Goods and services are cheap and affordable
+ Sustainable supply of provisions
+ Job opportunities; employment
+ Independent production; self-proficiency
+ High production output
+ Superior quality goods and services
+ Goods are produced and acquired faster
+ Commodities are abundant
+ Escalating living standards
+ Profits and surplus
- A diseased economy exhibits a rate of unsustainable economic decline whereby social living conditions regressively get worse. Indicators include:
- Population does not have basic needs provided
- Resources are unattainable and inaccessible
- Goods and services are expensive and unaffordable
- Unsustainable demand of provisions
- Job loss; unemployment
- Dependence upon imports and external support
- Low production output
- Poor quality goods and services
- Delay in production and the distribution of goods
- Commodities are scarce
- Diminishing living standards
- Deficit and debt
Resources / Have / Supply
Resources are any type of useful good, material, object, system, or service; anything possessed that can be utilized to produce higher value.
+ Natural: energy, sun, earth, land, water, air, raw materials, plant and animal life
+ Human services: knowledge, skill, labor. (Capacity: physical, emotional, mental, and spiritual)
+ Technological: infrastructure, facilities, tools, machinery, processed materials, goods, and money
The greatest resources are the universe, the sun, and the earth for which humans are entirely dependent upon and could not exist without. The natural ecological systems of this planet have provided an ample variety of resources and raw materials that humans can freely utilize to survive and sustain a thriving civilization.
Our greatest personal resource is our human body, emotion, mind, and spirit. Our body is the tool we utilize in order to interact within this world and it comes fully equipped with many specialized functions and extraordinary abilities. Humans possess the intelligence to comprehend the physical mechanics of the universe and the ability to transform the elements of nature in magnificent ways.
We live in scientifically advanced age where engineers have developed amazing technologies that limitlessly provide many new and profound capabilities. This progress is exponential and we now have every gadget at our disposal required to not only provide basic sustenance but to sustain a global civilization of incredible luxury.
Requirements / Need / Demand
What are common requirements? There are natural personal and social-infrastructural requirements.
Universal requirements are: light and sound. Earth requirements are: sun, atmosphere, environment, biodiversity.
Our personal requirements are: physical: air, water, food, warmth, sleep, health, safety; emotional: love, trust, happiness, joy, acceptance, honor; mental: intelligence, knowledge, truth, logic, reason; spiritual: freedom, expression, experience, peace, enlightenment.
The infrastructural requirements of society are a combination of natural resources, technology, and human services which can be categorized into the departments of: aesthetics, agriculture, commerce, communication, construction, education, emergency response, environment, global relations, health, industry, media, resources, sanitation, security, transportation; These infrastructure departments require oversight committees: accounting, analysis, correspondence, economics, finance, information, law, logistics, management, mathematics, philosophy, science, sociology, statistics, systems, and technology.
Evaluating the Economy
We need a better method of economic analysis in order to accurately measure the available resources and essential requirements of our personal and social infrastructure. Unity for a Change is developing an innovative system for integrating economic data that will offer real time analysis of the global population and dynamic social infrastructure. People, organizations, corporations, and universities will work together to compile information into a public database. This information will generate a real time model of the economy and will enable a proficient management system that will most effectively utilize available resources to provide for essential social requirements. The optimal method of achieving the results will be engineered by objective science and the population will subjectively direct action through a democratic interface of government.
The current value of the economy
Although the United States has all of the necessary resources to provide for the needs of the entire population there are still millions of people who are living in poverty, unemployed, without adequate health care, insurance, education, and employment. This is a clear economic imbalance. In actuality there are more than enough resources to provide for the needs of the entire current population and far more. America has an incredible amount of technological, natural, and human resources including supercomputers, industrial facilities, energy, food, land, minerals, and raw materials, laborers of every craft and discipline, and over 12 trillion dollars. We have the potential value to provide a much more prosperous state of livelihood than we are currently achieving. There is no reason for people to be struggling for meager earnings because our technology, labor, and ingenuity can make us all rich.
Problems with Capitalism
The fundamental ideology of capitalism is centered upon self-interest, greed, and excessive material consumption. Any structure built upon a foundation that is void of balance and virtuous qualities will fail and collapse. Such wicked ideology favors financial profit over developing the quality of life for all inhabitants of society. Profit is all that matters at the expense of morality, social wellbeing, the preservation of the natural environment, and even the productivity of the economic system.
Capitalism is a self defeating economic theory that is in many ways counterproductive to accomplishing natural economic objectives. Aside from being ideologically flawed it is also functionally unsound. The only way for capitalism to work is to intentionally limit the supply of available resources in order to artificially inflate the demand within the population. Of course the real purpose of any natural economic system is to absolutely minimize the demand of the population by maximizing productivity and the supply of resources. As you can see, capitalism does the exact opposite. In capitalism it is impossible to achieve this essential economic objective. In capitalism, if the supply exceeds the demand then the system will fail. This is because by absolutely lowering the demand the price of commodities would drop to nothing, which is good in a natural system and actually is the ideal result, but in capitalism this means that businesses can’t sell the commodities for a high enough price to make back the production costs. According to basic capitalist principles an abundance of supply will cause an economic collapse and therefore essential resources are intentionally being stifled. Does intentionally generating a loss make any sense? NO! In reality the infrastructure possesses a significantly greater ability to produce resources than which is being enabled and realized.
The capitalist economy is inefficient, ineffective, impractical, and unsustainable and the proof is obvious. Currently the global economy has a significantly greater potential to produce resources and provide for the essential provisions of the population than which is required by the demand for consumption. Yet, human civilization is not realizing this extraordinary potential. There is a terrible demand for essential resources that are not being supplied to the population when such resources can be readily accessible. Furthermore civilization is years behind where we should be in terms of progress due to the capitalist ideology and the infrastructure is actually deteriorating. In the U.S. prices are skyrocketing and the value of the dollar is bottoming out. Until we begin implementing natural economic principles and developing the social infrastructure this crisis is not going to amend itself.
In a capitalist society every person does not have an equal share of communal resources and those who are exessively wealthy exercise a dominant influence upon the economic system. The power of a person’s influence is proportional to wealth and therefore rich people have a much greater influence upon the economy than do the poor. This puts the power of controlling the earth’s resources in the hands of a few rich people who direct workers for their private interest. The average citizen has little to no influence over any of the major corporations that are making tremendous impacts upon the social economy. And here our economic system is trillions of dollars in debt. I did not give any consent to this wrecklessness, or authorize the consumption of resources, and I in no way enjoyed any benefits from the transaction. So where did all of this value from the economy go?