The Ideal Economy — And Why It Terrifies Billionaire Elites
An economy that works for everyone is terrible news for the extractive corporations and people who plan to rule your life
The poor will be among us until the rich are no longer above us.
It’s as simple as that.
We know that it is mathematically possible to have a world without poverty, privation, and misery, but such a system is horribly unprofitable for the time-devouring oligarchs who control the corrupt global economy.
The economic goal for sociopathic libertarian billionaires is total global domination. They want mass subservience — subscription serfdom — in which we do all the work and they retain all the wealth.
Our economic goal is completely different: We want a zero-exploitation, ecologically-sustainable, direct-democratic economy that delivers widest-spread well-being for all.
One could write a series of books to describe the myriad facets of the ideal economy in microscopic detail, but there are three key features of the ideal economy worth sharing far and wide:
It goes without saying that the ideal economy is free from interest.
The ancients were right — usury only leads to disaster and ruin.
Interest is mathematically unsustainable, it’s the core driver of wealth inequality, it’s making everything 25+% more expensive than it should be, it’s wildly inefficient and completely unproductive, it’s anti-meritocratic, it forces competition instead of cooperation, it creates unnecessary hardship, it rewards extraction and punishes contribution, and it progressively increases debt forever.
Someday, enlightened societies will ban interest.
The other major form of usury is for-profit land-lording. By creating and participating in a global real estate monopoly, non-contributing land-lorders are able to extract wealth from the contributor class.
It’s just one of the hundreds of forms of rent-seeking that will be purged from the ideal economy.
Rent-seeking, by the way, “is the effort to increase one’s share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth creation, lost government revenue, heightened income inequality, and potential national decline.” Other examples besides land-lording include:
Receiving profits from insurance or asset management
Creating a monopoly or monopsony
Collecting tolls, charging service fees, licensing renewals, accepting bribes
Practicing theft, piracy, insider trading, or being a politician
Limiting access to professions through credentialing
Lobbying and receiving government subsidies
Switching your company from buy-it-for-life to a subscription serfdom model
Rent-seeking discourages contribution and rewards extraction. (Without rent-seeking, you’d be at least 30% richer.)
In the ideal economy, no one will steal a penny of wealth from those who actually create it.
Inflation is engineered theft of the poorest people in society.
Inflation doesn’t hurt those who are asset-heavy, but for the asset-less or those saving to buy assets, inflation robs them of purchasing power.
Sadly, corporate-controlled politicians control the money-printing press and work in collusion with their corporate sponsors to create 100% of the inflation that is currently savaging our economies.
In the ideal economy, inflation is quickly engineered out of existence.
What about taxing the rich?
When interest, rent-seeking, and inflation are purged from the economy, there will be no need for wealth taxes, because no one will ever be able to amass a Smaug-like horde of treasure while his brothers and sisters suffer and starve.
Workers will keep 100% of the wealth they create and they will not have to give a cent of it to banksters as interest, land-lorders as rent-usury, or rent-seekers as fees, payments, and profits on their labor. At the same time, workers will not be able to use their retained wealth to wield it over others, either. Instead of the top few making a killing, everyone is now able to make a living. And because the purchasing power of everyone’s savings will no longer drop by 15+% per year, they can plan for their futures with confidence and security.
When interest, rent-seeking, and inflation are purged from an economy, everyone becomes a contributor and there are no extractors to hold us back. The masses grow many multiples richer as costs fall sharply, income rises steeply, and the government naturally becomes more democratic and accountable. Society also becomes radically more equal without the need for redistribution, causing far more social stability and harmony. Lastly, a true meritocracy sees the (actual) best and brightest rise to the top of the much-flattened leadership pyramid.
Ideal, not perfect
The ideal economy sounds like heaven on earth, doesn’t it?
It won’t be.
Utopia comes from two Greek words meaning “no place.”
Mere economics will never create heaven on earth.
That’s not the economy’s job.
But the ideal economy can provide a very decent life for every single man, woman, and child in our global family.
Dreams versus reality
Getting rid of interest, rent-seeking, and inflation is not hard to do.
Having a zero-exploitation, ecologically-sustainable, direct-democratic economy that delivers widest-spread well-being for all is possible.
But the ideal economy may never become a reality.
Billionaires are too selfish, too greedy, too sociopathic, too controlling, and too violent to ever allow widest-spread economic fairness.
Meanwhile, the struggling masses are too cowardly, too short-sighted, too lazy, too poor, and too stupid to think, work, vote, spend, and act in their own long-term best interests.
It would take an impossibly bloody revolution or an unstoppable spiritual revival for everyone to get on the same page and start caring for each other and the generations to come.
Sadly, we have no shared vision for our economic future.
And where there is no vision, the people perish.