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The New Economics

Saturday, March 12, 2005

Full Employment

As a person who has struggled with finding work I am aware of all the lies and inconsistanies in the lies of the state.

The UK has less than a million people on the job search total when in reality there are over 8 million people who would work if they could get a job.

Measures should be put in place for allocation of jobs. Reduced retirement, shorter working week to 28 hours a week then companies could run for 7 days with each employee doing three and half days per week. Reduced hours, increased wages and a lower retirement age gives people a quality of life during work and a younger age to enjoy retirement. There would be plenty of jobs for all and wages could be lifted. This has all happened in the past. It is the greed of individual companies and the timidity/stupidity of government that does not make it possible

Resource Allocation

The old view was the allocation of scarce resources.

New approach - We have the resources, the labour and the technology Now lets find out how to use it.

Money must be viewed as way to allocate resources and give people the opportunity to give themnselves the quality of life that is waiting there for all who have reasonable health and are not wiped out by a natural disaster.

History has stories of when politicians found ways to supply money in order to rebuild and establish society. The Marshall plan was one of these. And now with ever so mauch pressure western nations are ready to cancel debt. This simple step should of being a simple matter of course if the new econmy appraoch was being followed and now the administrative effort should be well into providing motivating resources to make provety history.

The Individual

Rather than the state acting for the good of the state as a whole as in communism/socialism I believe that the world is now ready to start with the individual.

Quality of life for each individual should be considered when a state formulates policy.
Example of today's approach where the marco approach has a complete disregard for the individual is where interest rates are raised to curb the money supply and expenditure. This action may well stabilise a state economy and curb inflation and the currency strenght so is not without merit. But the people who often pay for this are the poorish in the state. Now the mortgage on a newly acquired home becomnes unmanageable. Jobs scarer as shop sales are less.

In the past a religious belief in controlling interest rates to control the economy has recked the quality of life of countless people and there on the basis of the new econmy can no longer be used in such a discriminate way.