Equal Money Capitalism
Equal Money Capitalism will be the necessary transition step to as a global society towards establishing an Equal Money System as presented at www.equalmoney.org.We are thus here starting a project of investigating what Capitalism should be like according to its very own principles - and thus, what requires to be adjusted within the current Capitalistic system to make it a system that works for everyone.
Within this first blog-post, we will give a rough outline of the points that will be taken under consideration and worked out into further detail as we go.
Employment
One of the current problems is unemployment. Employment is the means through which each one acquires the means with which to sustain themselves - as, in return for one's contribution, one receives an income. Therefore - full employment is not a negotiable subject - because if one is not employed, one loses all means of supporting oneself.Capital as Life
At the moment - capital is referred to as intermediary goods - such as machinery and warehouses. Within Equal Money Capitalism - capital will refer to Life and include resources and people. Therefore - to value capital, means to value Life - and thus, all capital and all Life should be valued equally. For this - full employment is again a necessity.Free Stuff
Within Equal Money Capitalism no free stuff will exist. This is one of the basic principles within economics (and physics) - There Ain't No Such Thing As A Free Lunch (TANSTAAFL). With anything that is produced or consumed - there is always a cost. If this cost is not represented and considered within the pricing of the particular good or product, one is in fact stealing. Currently, free stuff is used to compete for consumers at the cost of the labour force creating the goods - because they will be paying the difference.Informed Decision-Making
Within Capitalism, the assumption is made that the consumer always has full knowledge available about the products they can buy - and thus, that they are always able to make informed decisions about the purchases they make - and that this mechanism, therefore - makes it so that only the best quality products are bought and stimulated to be produced, while inferior products will phase out. Obviously - this is currently not the case. The only point that is shared (and not even that comprehensively) is the ingredients. Labelling within Equal Money Capitalism will include not only ingredients, but also how the price was established - who contributed to the production process, what share of the profit goes to these participants - what are the externalities involved in terms of the harm that was caused towards the environment in the form of pollution and what resources were involved to produce the product, etc.Equal Profit Share
Each contributor to a product will receive an Equal Share of the Profits. Herein, it is irrelevant how much time someone spent in contributing to the production of the good - what is relevant is the end product and whether the product would exist without the various contributors.This will be an exciting time as we expand this proposal and develop it into an implementable system. So - stay tuned and visit http://www.quora.com/EMCapitalism to place any questions you may have.
