Economy

I'm trying to wrap my head around inflation and rising prices and where it all stems from and it got me wondering - are there industries that can be traced to being the leaders or root causes of inflation?

Recently read that nearly half of all small businesses were unable to pay their rent in April, and half of all small business claim rents are higher than they were 6 months ago. So what is driving the rent increases? Insurance costs? What causes insurance increases? More claims or is it repair/replacement costs? What causes those?

Can all of these spider webs be traced back to anything tangible? Like say fuel costs? Or labor costs? Or increased natural disasters? Is it greed and excessive corporate profits?

Or is this kind of a chicken or the egg, or what started the universe kind of question?

If we didn’t have a bubble economy the wealth of the nation would be like that of Russia or some other countries with less than 1 trillion of national debt. So the these types of governments are old fashioned and they don’t want to give into the JP bubble economy. And I heard it’s a shithole over there.

But yet they can’t be invaded and overtaken despite attacking Ukraine. And they have the such a low amount of debt for their entire country, that Elon Musk could bring it to zero balance by himself.

Unlike our economy no one could ever pay off. Work hard to live like poor, or just live poor. Or figure out how to get a piece of the bubble before it bursts and smile. And make sure to have the debt ceiling rise a few more levels up so you can live in luxury! So long as the bubble stays in tact. Sorry JJA, this isn’t Russia!

As we navigate an increasingly interconnected world, the challenges we face—such as economic inequality, environmental degradation, and social injustice—are universal. Could a fresh economic philosophy help us address these issues on a global scale? I've been exploring neo-social Georgism, a modern iteration of Henry George's ideas, which might offer some intriguing solutions.

Neo-social Georgism advocates for the equitable distribution of the economic value derived from land and natural resources. This could be achieved through a universal land value tax, which might replace more regressive forms of taxation, discourage land speculation, and encourage better land use. Imagine using the revenue from this tax to bolster global public goods like internet access, creating interconnected educational platforms, and supporting healthcare initiatives that could reach underserved populations.

Furthermore, integrating this system could enhance our approach to climate change, using tax revenues to fund renewable energy projects and forest conservation, helping to manage the planet's resources more sustainably. We could see a shift towards a more equitable global society, with every individual gaining a stake in local and global economic developments.

What do you think about the practicality of such a system in today's world? Could these initiatives be effectively implemented within existing global frameworks? What might be the challenges and potential impacts of adopting neo-social Georgism on a worldwide scale?

I’m eager to hear your thoughts and discuss these possibilities further.

Ben Norton: How the dollar's 'exorbitant privilege' enriches the USA (and global elites)

An examination of the report "Reindustrialization in the Age of Fragmentation" by economist Phillip Pilkington. (I recommend reading the report)

• The Global 1% will be hurt the most because they hold dollar denominated assets.
• The reserve currency status of the dollar has mostly served the Plutocracy.
• Charts on what deindustrialization of done to the Average Citizen.
• The outflow of dollars caused assets in the US to rise in price as those dollars came "home".
• Working Class in the US probably will not become extremely poor if the dollar is not the reserve currency. Reindustrializaton can occur more easily.

Reindustrialization will be no easy task, however. We have shown in this paper that very deep changes have taken place in the world economy over the past 30 years. Reindustrializing an economy is not like flicking on a light switch – and when the data is examined carefully it becomes clear that some of the advocates for protectionism are likely far too optimistic in their assessments. Overall, the data suggests that reindustrialization is possible if economies focus on very high rates of internal investment – something that will require well-organized industrial policy to achieve – but we should not expect miracles. If Western countries are serious about reindustrializing their economies, they should stop looking for quick-fix solutions – especially those that lead to dangerous levels of global conflict around trade flows – and instead focus on developing a multi-decade plan to massive boost investment in the West. We hope that some of the basic relationships that we have revealed in our work provide some initial hints at how this might be achieved.

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Back in 2009-2012, I sent my research proposal to universities to bring back Adam Smith's moneyless system as a solution to the 2008 Financial Crisis.

No university would take it and so I made a website for it from 2013 and a tech startup in 2016 to deploy it.

Its main prediction was a global stagflation starting in 2019 followed by wars, so I put the prediction out as a timecapsule or snapshot for future reference.

It was bashed on a subreddit https://www.reddit.com/r/badeconomics/comments/c37v5v/an_amazingly_inept_and_confused_attempt_at/

The Stagflation began in 2020 via Covid and then the Ukraine war. The Iran war will help make the stagnation more persistent.

Since the principles are correct, we are wrapping up the economic theory research and are invading the other sciences, specifically to Biology and Physics, for example to explain how the James Webb Space Telescope debunks the Big Bang.

We are left with actually implementing the new economic system that we've built.

For that, I'd like to know what features would people like in a better economic system. For example, easy tax payments, lower taxes, easy import-export, environmental protection, job security, poverty prevention, wider scope for social insurance, public access to all economic information, etc.

The poll options are limited, so feel free to add in the comments.

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