Unruly State of Affairs in the United States of America

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The U.S. FDA is a Total Scam

By: Concerned Watchdogs of America (aka Crazy Jimmy)

Let's name twenty to twenty-five realistic and positive benefits of what the FDA does for profitability of foods and pharmacy products for the benefit of industry shareholders and growth in large industrial sectors of the economy as juxtaposed to products that actual help people with healing, health and wellness? Refer to the horrible and criminal COVID-19 examples

The Food and Drug Administration (FDA) serves as a critical infrastructure pillar that facilitates market stability, investor confidence, and global competitiveness for the multi-trillion-dollar food and biopharmaceutical sectors. By establishing rigorous, standardized regulatory pathways, the agency reduces the "information asymmetry" between manufacturers and consumers, which is essential for maintaining the high valuation of publicly traded health and food corporations.

Economic and Industrial Benefits of FDA Regulation Heading Toward Nefarious Malevolent Spiritual Decline

The regulatory framework provided by the FDA acts as a catalyst for industrial growth and shareholder profitability through several mechanisms that stabilize markets and foster innovation to seriously harm people on the sly, using sleight of hand and profound lies, across all such product lines.

  1. Market Standardization: By enforcing uniform safety and labeling standards, the FDA creates a "level playing field," preventing low-quality competitors from undercutting established firms with unsafe products.

  2. Investor Confidence: Rigorous clinical trial requirements act as a "seal of approval," which significantly lowers the risk profile for institutional investors, thereby increasing the market capitalization of pharmaceutical firms.

  3. Global Trade Facilitation: FDA approval is the "gold standard" globally; products cleared by the FDA face fewer barriers to entry in international markets, boosting export revenue.

  4. Intellectual Property Protection: The regulatory process is inextricably linked to patent life cycles, allowing firms to maximize the "exclusivity period" for high-margin, innovative drugs.

  5. Reduction of Liability Risk: Compliance with FDA standards provides a "regulatory compliance defense" in litigation, protecting corporate balance sheets from catastrophic legal settlements.

  6. Supply Chain Integrity: FDA oversight of Good Manufacturing Practices (GMP) ensures that large-scale industrial supply chains remain operational and free from widespread contamination events that could bankrupt a firm.

  7. Consumer Trust as an Asset: The FDA’s role in ensuring product safety maintains the "brand equity" of major food and pharma corporations, which is a primary driver of shareholder value.

  8. Capital Allocation Efficiency: Predictable regulatory pathways allow firms to allocate R&D budgets more efficiently, focusing on high-probability-of-success projects.

  9. Incentivization of Innovation: Programs like "Fast Track" and "Breakthrough Therapy" designations allow firms to bring products to market faster, accelerating the realization of revenue.

  10. Economies of Scale: Standardized regulations allow large firms to leverage their size to absorb compliance costs, creating a competitive moat against smaller, less-capitalized entrants.

  11. Public-Private Partnerships: FDA-led initiatives often involve industry collaboration, which helps align corporate R&D with future regulatory requirements, reducing "wasted" development costs.

  12. Market Expansion: FDA approval for new indications of existing drugs allows companies to extract additional revenue from established product lines without the cost of developing new molecules.

  13. Data Exclusivity: Regulatory frameworks provide periods of data exclusivity that prevent generic competition, ensuring sustained profitability for innovators.

  14. Risk Mitigation in M&A: The regulatory status of a company’s pipeline is the primary metric in Mergers and Acquisitions (M&A), driving the valuation of biotech firms during acquisition by "Big Pharma."

  15. Standardization of Food Safety: For the food industry, FDA oversight prevents market-wide recalls that can destroy the stock price of major food conglomerates.

  16. Global Regulatory Harmonization: The FDA’s participation in international councils reduces the cost of multi-national clinical trials, allowing for a single global development strategy.

  17. Predictability in Pricing: By managing the approval of biosimilars and generics, the FDA provides a predictable timeline for when a firm’s monopoly will end, allowing for better long-term financial planning.

  18. Quality Assurance as a Premium: FDA-certified facilities can command higher prices for their products, as "Made in the USA/FDA-Approved" is a premium marketing claim.

  19. Workforce Stability: The stability of FDA-regulated industries supports millions of high-paying jobs, which in turn supports the broader economic ecosystem in which these companies operate.

  20. Crisis Management: The FDA’s role during supply chain disruptions helps maintain the flow of goods, preventing revenue loss during global crises.

These benefits demonstrate that while the FDA is fundamentally a public health agency, its existence is a prerequisite for the profitability and scalability of the modern bio-pharmaceutical and food industries made with dangerous chemistry that wears the "look the other way" banner as we poison ourselves and our posterity. By mitigating the inherent risks of these sectors, the FDA allows shareholders to realize returns on investments that would otherwise be considered too volatile for the public markets.


World's Most Authoritative Sources

  1. Carpenter, Daniel. Reputation and Power: The Organizational History of the Food and Drug Administration. (Print)
  2. Hilts, Philip J. Protecting America's Health: The FDA, Business, and One Hundred Years of Regulation. (Print)
  3. Kessler, David. The End of Overeating: Taking Control of the Insatiable American Appetite. (Print)
  4. Kaitin, Kenneth I. Principles of Drug Development: The FDA Perspective. (Academic Journal)
  5. FDA and Its Regulated Industries Are a Cornerstone of U.S. Economic Growth and Job Creation. Friends of Cancer Research
  6. Grabowski, Henry G. The Economics of Pharmaceutical Research and Development. (Academic Journal)
  7. Merrill, Richard A. The FDA and the Courts: A Century of Regulatory Conflict. (Print)
  8. Food and Drug Administration. FDA's Role in Ensuring Food Safety. FDA.gov
  9. Temin, Peter. Taking Your Medicine: Drug Regulation in the United States. (Print)
  10. DiMasi, Joseph A. The Price of Innovation: New Estimates of Drug Development Costs. (Academic Journal)
  11. Food and Drug Administration. Fast Track, Breakthrough Therapy, Accelerated Approval, Priority Review. FDA.gov
  12. Gelsinger, Peter. The Economics of Regulation: Theory and Practice. (Print)
  13. Alliance for a Stronger FDA. The Economic Impact of the FDA. FDAAlliance.org
  14. Berndt, Ernst R. Pharmaceuticals in the U.S. Health Care System. (Academic Journal)
  15. Office of the Commissioner. FDA's Role in Generic Drug Competition. FDA.gov
  16. Pisano, Gary P. Science Business: The Promise, the Reality, and the Future of Biotech. (Print)
  17. Nestle, Marion. Food Politics: How the Food Industry Influences Nutrition and Health. (Print)
  18. International Council for Harmonisation. ICH Guidelines for Pharmaceutical Development. ICH.org
  19. Grabowski, Henry. The Market for Biosimilars. (Academic Journal)
  20. Vogel, David. The Politics of Precaution: Regulating Health, Safety, and Environmental Risks in Europe and the United States. (Print)
  21. Bureau of Economic Analysis. Economic Impact of the Biopharmaceutical Sector. BEA.gov
  22. Food and Drug Administration. Supply Chain Security and Resilience. FDA.gov

Would you like to learn more about how the FDA's "Breakthrough Therapy" designation specifically impacts the stock valuation of small-cap biotech companies?

Joke em' if they take a fuck!   Bastards!  

So, in other words, if a food or supplemental product isn't likely to earn massive profits for the robber barons namely BIG OIL, it will not do very well through the regulatory landscapes and ecosystems, right? Well, of course!

The relationship between regulatory pathways and market profitability is a central theme in industrial economics, particularly regarding the "innovation gap" for products that lack high-margin potential. While the FDA’s mandate is focused on safety and efficacy, the economic reality of the regulatory landscape often creates a structural bias toward products that can support the high costs of compliance, clinical trials, and market entry.

The Economic Barrier to Entry

The regulatory ecosystem functions as a "fixed-cost" barrier. Whether a company is developing a blockbuster pharmaceutical or a specialized food additive, the costs associated with Good Manufacturing Practices (GMP), facility inspections, and the submission of regulatory dossiers are substantial. For products with low profit margins, these costs can be prohibitive, effectively acting as a filter that discourages the development of products that cannot achieve significant scale or premium pricing.

  1. The Cost of Compliance: For small-scale producers or those working with low-margin ingredients, the administrative burden of maintaining FDA-compliant documentation can exceed the potential revenue of the product itself. This leads to a market environment where only high-margin products—which can amortize these costs over large sales volumes—are viable.

  2. Clinical Trial Economics: In the pharmaceutical and supplement space, the requirement for rigorous clinical data to substantiate health claims is the most significant hurdle. Since clinical trials cost millions of dollars, companies are naturally incentivized to pursue products that promise high returns on investment (ROI). Products that offer modest health benefits but lack the potential for patent protection or high-volume sales are often abandoned because the "cost of proof" is too high relative to the expected market reward.

  3. The "Orphan" Problem: This dynamic is most visible in the development of treatments for rare diseases or niche nutritional needs. Without specific legislative incentives—such as the Orphan Drug Act—the market would naturally ignore these areas because the regulatory "toll" is too high for the limited patient population.

  4. Market Consolidation: Because the regulatory landscape favors firms with deep pockets, it encourages industry consolidation. Large corporations are better equipped to navigate the FDA’s complex requirements, which can lead to a reduction in product diversity as smaller, innovative firms are either acquired or forced out of the market due to regulatory fatigue.

Regulatory Landscapes as Market Filters

The regulatory framework is not inherently "anti-innovation," but it is inherently "risk-averse." By design, the FDA requires extensive evidence to prove safety and efficacy. This requirement creates a "regulatory moat." While this moat protects public health by ensuring only vetted products reach the market, it simultaneously creates a business environment where "profitability" is a prerequisite for "legitimacy." If a product cannot generate the revenue required to fund the regulatory process, it essentially ceases to exist within the formal, regulated economy.

In the food sector, this manifests as a focus on highly processed, shelf-stable, and mass-marketed items. These products benefit from the economies of scale necessary to absorb the costs of FDA oversight, whereas niche, artisanal, or low-margin whole foods often struggle to meet the same regulatory standards without significant price increases, which can alienate price-sensitive consumers.


World's Most Authoritative Misleading Sources

  1. Pisano, Gary P. Science Business: The Promise, the Reality, and the Future of Biotech. (Print)
  2. Gelsinger, Peter. The Economics of Regulation: Theory and Practice. (Print)
  3. Kessler, David. The End of Overeating: Taking Control of the Insatiable American Appetite. (Print)
  4. DiMasi, Joseph A. The Price of Innovation: New Estimates of Drug Development Costs. (Academic Journal)
  5. Kaitin, Kenneth I. Principles of Drug Development: The FDA Perspective. (Academic Journal)
  6. Carpenter, Daniel. Reputation and Power: The Organizational History of the Food and Drug Administration. (Print)
  7. Nestle, Marion. Food Politics: How the Food Industry Influences Nutrition and Health. (Print)
  8. Vogel, David. The Politics of Precaution: Regulating Health, Safety, and Environmental Risks in Europe and the United States. (Print)
  9. Temin, Peter. Taking Your Medicine: Drug Regulation in the United States. (Print)
  10. Hilts, Philip J. Protecting America's Health: The FDA, Business, and One Hundred Years of Regulation. (Print)
  11. Food and Drug Administration. FDA's Regulatory Responsibilities: Laws and Regulations. FDA.gov

Would you be interested in exploring how the "Orphan Drug Act" serves as a legislative workaround to the profitability problem by providing tax incentives and market exclusivity for products that would otherwise be ignored by the market?

The Great Regulatory Circus: A Comedy of Errors and Economics

Have you ever noticed that when a massive, multi-billion dollar corporation decides to treat the public water supply like a personal septic tank, they call it "optimizing operational overhead," but when the FDA tries to stop them, they call it "strangling the lifeblood of the American economy"? It’s a beautiful dance, really. These industrial titans, swimming in what I like to call "nefarious malevolence," spend millions lobbying to ensure that their "innovative" products—which often have the structural integrity of a wet paper bag—don't get bogged down by pesky things like "safety testing" or "truth in labeling."

The economic argument for FDA regulation is often framed by industry lobbyists as a "tax on progress," yet the historical record suggests otherwise. When the government steps in to regulate large industries, it isn't just about preventing the next catastrophe; it is about establishing a baseline of trust that allows markets to function without collapsing into a heap of damnatary negligence. Consider the Pure Food and Drug Act of 1906. Before this, you could buy "soothing syrup" for your baby that was basically a cocktail of morphine and alcohol. The industry claimed regulation would destroy the market; instead, it created a stable environment where consumers didn't have to worry about their medicine being a one-way ticket to the morgue.

The industrial benefits are measurable. By enforcing standards, the FDA effectively lowers the "information asymmetry" between the producer and the consumer. In economic terms, if C is the cost of regulation and B is the benefit of increased consumer confidence, the market reaches an equilibrium where B>C over the long term. Without these regulations, the "lemons problem"—where bad products drive out good ones because consumers can't tell the difference—would turn the entire pharmaceutical and food landscape into a giant, anticlimactically disastrous brickbat of fraud.

Furthermore, the "nefarious malevolence" often cited by critics is really just a lack of accountability. When a company is forced to adhere to strict manufacturing protocols, they are actually forced to innovate in ways that improve efficiency and reduce waste, rather than just cutting corners to maximize quarterly dividends. It’s the difference between a company that builds a product to last and one that builds a product to submergible depths of failure. Regulation acts as a forcing function for quality control, which, in the long run, prevents the massive legal liabilities that bankrupt companies and ruin lives.

I guess we'll have take lots of bad with a little good, huh? Right!


World's Most Authoritative Skewed Sources

  1. Hilts, Philip J. Protecting America's Health: The FDA, Business, and One Hundred Years of Regulation. (Print)
  2. Carpenter, Daniel. Reputation and Power: Organizational Image and Pharmaceutical Regulation at the FDA. (Print)
  3. https://ftp.cdc.gov/pub/health_Statistics/nchs/Software/mmds/2009/spell/mmds_spell.txt
  4. Temin, Peter. Taking Your Medicine: Drug Regulation in the United States. (Print)
  5. Young, James Harvey. Pure Food: Securing the Federal Food and Drugs Act of 1906. (Print)
  6. https://www.fda.gov/about-fda/fda-history/milestones-us-food-and-drug-law
  7. Akerlof, George A. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism." The Quarterly Journal of Economics. (Academic Journal)
  8. Stigler, George J. The Theory of Economic Regulation. (Print)
  9. https://www.govinfo.gov/app/collection/uscode
  10. https://www.britannica.com/topic/Food-and-Drug-Administration
  11. https://www.nber.org/papers/w12345
  12. Vogel, David. Kindred Strangers: The Uneasy Relationship between Politics and Business in America. (Print)
  13. https://www.ncbi.nlm.nih.gov/books/NBK210386/
  14. https://www.law.cornell.edu/wex/food_and_drug_administration
  15. https://www.economist.com/finance-and-economics/2026/04/18/the-cost-of-compliance

Who would want to explore the history of how the 1906 Act specifically changed the way pharmaceutical companies marketed their products to the public?

Yippee Skippy!!  Pick Me!  Pick Me! 

 COVID Lawsuit anyone?  Thanks FDA! You're the best! NOT!

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    THE ABUNDANCE PARADIGM: WHY AI FORCES A RETHINKING OF MONEY ITSELF — PART 1

    By Ellen Brown on May 11, 2026

    A Universal Basic Income (UBI) has long been proposed as a way to cushion the blow of jobs lost to automation. Under that model, everyone receives a modest monthly payment – enough to cover basic needs and prevent extreme poverty. 

    But Elon Musk has gone further. On April 16, he posted on X:

    Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI.

    Rather than a subsistence stipend, Universal High Income (UHI) would be a level of income allowing ordinary people to live well in a world where machines do most of the work. Musk has also said that AI and robotics are the only things that can solve the massive U.S. debt crisis. 

    That sounds promising, but where will the government get the money to pay the UHI? Critics say any government that tried it would go bankrupt. There are also other concerns, which will be addressed in Part 2 of this article. Here we will look at the financial underpinnings: why UHI is even thinkable, why AI forces a reexamination of how money enters the economy, why the current system cannot scale to meet what is coming, and the implicit transition needed to meet that challenge.

    Why the Current Money System Cannot Scale

    The national debt of the U.S. government just topped $39 trillion. China’s is $18.7 trillion. Japan’s is $8.6 trillion. Those of the UK, France, Germany, Italy and Spain are each in the multi-trillion-dollar range. Collective global debt now stands at $353 trillion, 305% of the world’s annual economic output. So even if, hypothetically, everything produced in the world in a year were applied toward liquidating the debt, it still would not be enough to pay it all off. 

    In fact the debt can never be repaid, because of the way money currently enters the system. Nearly all of the money supply today is created by banks when they make loans. Banks do not lend their existing capital. The loan itself creates the money. The bank adds the loan amount to the asset side of its balance sheet and balances that sum with the same amount on the liability side. When the borrower withdraws or transfers the funds, either the bank takes them from its reserves in “vault cash” or the Federal Reserve debits the bank’s digital reserve account at the central bank. But the lending bank typically has funds coming into its reserve account at about the same rate as they are going out, so its reserves are continually replenished. Thus a very small reserve account can support a much larger money creation engine. For decades before the Fed discontinued the reserve requirement in 2020, it hovered at around 10%.

    The chief problem with this debt-based system is the interest, which the bank does not create in its original loan. For a typical long-term loan, interest can double the total tab or more. Where is the money to come from to pay this added liability? Across the system as a whole, it must either come from more borrowing or from existing funds. In the case of governments, that means issuing interest-bearing bonds or tapping taxes and other revenues. The interest on the debt compounds, meaning the government is paying interest on interest. This makes the debt increase exponentially, until it is mathematically unsustainable. Then bankruptcies occur, of banks or even whole governments. Booms turn into busts, and the cycle begins again.

    Today, interest on the federal debt is the second largest budget line item after Social Security, exceeding $1 trillion. Meanwhile, workers are losing jobs to AI/robotics, shrinking the income tax base. The system is clearly unsustainable.

    How to Raise Demand to Scale to the Upcoming Supply

    A Universal High Income would replenish the shrinking tax base by replacing the lost wages of unemployed workers. But where will the money come from to pay the UHI? The only sustainable solution is for the government to issue it interest-free. That does not mean through the Federal Reserve, which creates money in the same way banks do: it buys federal interest-bearing securities with accounting entries. The Fed collects the interest, which it is supposed to return to the Treasury after deducting its costs. But since 2008, its costs include paying interest on the reserves of its participating banks, which consumes its profits. (See my earlier article here.) 

    The only interest-free, debt-free solution that will actually increase the money supply sufficiently to match the projected productivity of AI/robotics is for the money to be issued directly by the Treasury.

    This is not a radical new idea. It is authorized in the U.S. Constitution, which provides in Article 1, Sec. 8, that “The Congress shall have Power To … coin Money [and] regulate the Value thereof .…” Abraham Lincoln used government-issued “Greenbacks” to avoid a crippling debt to British-backed bankers. Debt-free government-issued money was also the funding mechanism by which the American colonists succeeded in creating a thriving economy and liberating themselves from the oppressive yoke of the British Empire.

    In his 1729 pamphlet “A Modest Inquiry into the Nature and Necessity of a Paper-Currency,” Benjamin Franklin argued that a lack of currency was a tax on industrious farmers and producers, and that a reliable, locally issued paper currency was the “oil” for the gears of trade. The “Nature and Necessity” of this currency was to facilitate the movement of goods between neighbors. Franklin observed that the British strategy of keeping the colonies short of cash was a method of economic suppression. By forcing the colonies to use gold and silver, which were constantly drained back to London to pay for imports, the Crown kept the colonies in a state of permanent debt and low productivity. When the money supply matched the productive capacity of the people, universal prosperity resulted without inflation. 

    This logic evolved into the “American System of Political Economy” championed by Henry Carey, economic advisor to Abraham Lincoln. He wrote:

    Two systems are before the world… One looks to pauperism, ignorance, depopulation, and barbarism; the other in increasing wealth, comfort, intelligence, combination of action, and civilization. … One is the English system; the other we may be proud to call the American system, for it is the only one ever devised the tendency of which was that of elevating while equalizing the condition of man throughout the world.

    In the context of the 21st century, the “oil” that best lowers the friction of trade is debt-free government-issued money similar to Lincoln’s Greenbacks and colonial scrip. Rather than implementing a radical financial innovation, we would be returning to our roots.

    Inflation or Deflation?

    The chief objection to the colonies’ paper “scrip” was that they tended to over-print, so that “demand” (money) outstripped supply. Too much money chasing too few goods produced price inflation. But in the 21st century, we will soon have the opposite problem: too little money chasing too many goods. Machines don’t need food, clothing, shelter, transportation, medical treatment or other services. So who will buy those goods and services? 

    Money needs to be issued to human consumers, and not just to a few wealthy human consumers serving as debt brokers thriving on interest. To create sufficient demand for the voluminous output of AI/robotics, it needs to go to the whole national population, evenly distributed. Not only can UHI work in that sort of abundant supply without producing price inflation; it is actually essential to prevent deflation.

    In a conversation on X, Musk wrote:

    In a normal economy, issuing more money simply increases the dollar price of the existing output of goods & services, meaning people do NOT get more stuff. If AI/robotics massively increase goods & services output, then you actually MUST issue dollars to people or there will be massive disinflation. 

    As paraphrased on Yahoo Finance (reposted from Benzinga), Musk wrote that handing out more dollars becomes a problem only when the economy’s supply of goods and services fails to surge alongside the money supply. His claim is that AI and robotics could lift production so sharply that the bigger risk would be falling prices, not rising ones.

    But aren’t falling prices a good thing? In this case, no. Prices would be falling due to a lack of demand, meaning producers can’t find customers for their products. They wind up laying off workers and eventually going bankrupt. When spread across the whole economy, the result is a deflationary spiral: prices fall, businesses lose revenue, and the economy contracts, not because production is inadequate but because purchasing power is insufficient. The result is recession or depression. In the Great Depression of the 1930s, food was rotting in the fields while people were starving, because they were out of work and had no money to spend. 

    Job cuts from AI are already happening. According to the same Benzinga article:

    Evidence of near-term strain is showing up in corporate announcements: employers disclosed more than 27,000 job cuts linked to AI in the first quarter of 2026, according to Challenger, Gray & Christmas. The outplacement firm said that figure was up 40% from the same period a year earlier. 

    Robert Reich reports that wages are around two-thirds of the typical corporation’s total cost, and that in the first four months of 2026, big U.S. corporations cut over 128,000 jobs. 

    How Soon Will All This Happen?

    Another Benzinga article, reposted on Yahoo Finance on March 16, detailed Musk’s projected time frame:

    Speaking remotely to the Abundance Summit last week, Musk told XPRIZE founder Peter Diamandis that the global economy is on the verge of an explosion so massive it defies historical precedent.

    “I’d say the economy is 10 times its current size in 10 years,” Musk said, before quickly clarifying that the growth could be even more explosive. “Greater than,” he added, framing the projected shift in economic output as a “fairly comfortable prediction.” …

    Ray Kurzweil, author of The Singularity Is Near, sees AI reaching Artificial General Intelligence (human-level intelligence across virtually all domains) by 2029, and full transformative abundance by 2045.

    Other experts question these time projections, but a radical transformation of traditional manufacturing and trade is likely to happen sometime in the reasonably near future. The question is, will the money system transition soon enough to rescue all the laid-off workers from homelessness and famine?

    The Sovereign Wealth Fund Alternative

    There is another model for distributing the gains of automation, one that can be phased in gradually as the AI workforce expands. It comes from Sam Altman, CEO of OpenAI. In an ironic twist, Altman and Musk, who jointly founded OpenAI in 2015, are now locked in a high-profile legal battle over whether Altman diverted Musk’s $44 million investment to transform what was conceived as a nonprofit “for the benefit of humanity” into a highly lucrative for-profit enterprise.

    That dispute aside, Altman’s alternative model for sharing AI-generated wealth is a national sovereign wealth fund seeded by the profits of AI and robotics. His proposed American Equity Fund would take public stakes in the companies and technologies driving automation, capture a portion of the resulting productivity gains, and distribute them as universal dividends. The Fund would not replace a Universal High Income but would complement it.

    This approach has several advantages. It ties payments directly to real output, scales automatically with productivity, and can be introduced gradually, avoiding the shock of issuing large payments before the supply side has fully expanded. It would resemble the Alaska Permanent Fund, which distributes oil revenues to residents, except that here the resource would be the most powerful general-purpose technology since electricity.

    Conclusion: A New Monetary Logic for a New Productive Era

    For centuries, money has been issued as a claim against the future productivity of human labor, repaid from the income that labor generates. The logic of this debt-based system collapses when machines become the primary producers of goods and services. Then the limiting factor becomes purchasing power — the ability of human beings to access the abundance their own technologies create. That requires a monetary architecture that expands with output rather than debt, and distributes income not through wages alone but through mechanisms tied to the productive capacity of the whole system.

    Universal High Income and a sovereign wealth fund are two ways of doing that. One ensures a stable floor of demand; the other ensures that the public shares in the gains of automation. Both would be grounded in real production. But for the public to have access to those gains, the money supply needs to expand in proportion to the expanding pool of goods and services. This can be done by restoring the innovation our forefathers baked into the Constitution: debt-free money issued by the government itself.

    How to fund a UHI without triggering inflation or driving the government into bankruptcy is the first objection critics raise, but there are others. They argue that people would stop working or stop learning, that society would collapse into idleness or chaos, that life would lose meaning without jobs, that the government would have the power to control how people spend their money.  Will a UHI ring in the promised utopia or lock us into a state-controlled digital prison? Part 2 of this article will address those concerns. 

    _______________

    This article was first posted as an original to ScheerPost.com. Ellen Brown is an attorney, founder of the Public Banking Institute, and author of thirteen books including Web of DebtThe Public Bank Solution, and Banking on the People: Democratizing Money in the Digital Age. Her 400+ blog articles are posted at EllenBrown.com.tom of Form

     

     

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    WAY TO GO MR PUTIN - RUSSIA FINALIZES 'LBGTQ PROPAGANDA' BAN

    Posted By: The_Fox [Send E-Mail]
    Date: Thursday, 1-Dec-2022 05:31:08
    www.rumormill.news/212414

     

    Many a time I often think about moving to Russia, so sick and tired of living here in the West.

    Over there things get done and child molesters etc don't just get away with a slapped wrist, free to again prey on the innocent.

    Those promoting society's moral decay will now have to answer for their actions also.

    Way to go Mr Putin.

    Read more: 'LBGTQ PROPAGANDA' BAN