Economics used to be a philosophy. Only recently did it become a thing. It may be returning to its philosophy roots. This is good for everyone, including economists.
A modern economy circulating products and services throughout the world doesn’t need money or sovereign countries (national currencies) to be successful. Today, we’ve the scientific knowledge and technological skills to convert our natural and artificial resources into daily, life-sustaining deliverables, e.g. food, housing, education, healthcare, infrastructure, public professions, and other workplace or household demands. What we lack, then, is unity; a global framework built upon fair and humane laws and centered around safe and healthy industrial practices. I hypothesize that humanity can end poverty and reduce pollution by abandoning wealth and property rights. We could, instead, adopt and implement an advanced resource management system to provide everyone, everywhere “universal protections for all”. Replacing customary political strife and private business competition altogether, this type of approach, called facts-based representation, allows us a sophisticated (moneyless) way to govern ourselves and our communities, basing important policy and decision making on the latest information, in turn, improving the outcomes impacting our everyday personal and professional lives.
A modern economy circulating products and services throughout the world doesn’t need money or sovereign countries (national currencies) to be successful. Today, we’ve the scientific knowledge and technological skills to convert our natural and artificial resources into daily, life-sustaining deliverables, e.g. food, housing, education, healthcare, infrastructure, public professions, and other workplace or household demands. What we lack, then, is unity; a global framework built upon fair and humane laws and centered around safe and healthy industrial practices. I hypothesize that humanity can end poverty and reduce pollution by abandoning wealth and property rights. We could, instead, adopt and implement an advanced resource management system to provide everyone, everywhere “universal protections for all”. Replacing customary political strife and private business competition altogether, this type of approach, called facts-based representation, allows us a sophisticated (moneyless) way to govern ourselves and our communities, basing important policy and decision making on the latest information, in turn, improving the outcomes impacting our everyday personal and professional lives.
#ScientificSocialism