Note: The EMC is an entirely new project that was started a week ago. We’re at the moment in the phase where we are brainstorming by answering questions. It’s a messy process – but an effective one to get all the relevant points addressed. So – also note that points will evolve and change as we go as we are not setting things in stone, but on a journey towards designing the EMC. The principles upon which EMC is based are laid out in the previous blog-posts. From those principles, we work our way towards what life in EMC would practically be like and how the system will function from an economic perspective.
Money in EMC
Q: What will money be backed by? will anything give it its value...or is that not necessary? A: Life value will back money -- Labour backs money - which is your capital - that is why the money supply will increase and decrease according to population as each one requires to have an income that recognises their life value and that allows them to live a life worth living.
Q: In terms of printing money and the paper and money that costs, rather turning everything digital ?
A: Yes - digital - let's not kill trees for no reason.
Politics in EMC
Q: Who will sit in governmental positions? no more elections?A: Politics will largely remain the same as within the EMS proposal - so, yes - there will still be elections. To read up on this point, please read: http://equalmoney.org/wiki/Politics
Q: will we vote on every decision directly through internet? Or still elect once every 5 years and they can do whatever they want after elected?
A: This will be organised in the same was as presented in the Equal Money System wiki: direct democracy - everyone is directly involved in policy making
What about those who provide services instead of goods?
Q: How do people earn an income from jobs that don't produce a product that is purchased, or will everyone need to do a job that produces something to be bought? Or does compensation also happen as paid from the government not just consumers purchasing products?A: Any value that is added, whether through providing goods or services, will be compensated. So – the same principle applies to employees in companies that produce goods and employees of companies that provide services – the price of the good or the service is determined in such a way that all participants receive a fair share of the profit so that all end up with an equal income. In terms of those working for the government or providing government services – they will also receive an equal income – this is the purpose of taxation.
How to Ensure Full Employment?
Q: How do we make sure everyone is employed; will we have to create meaningless jobs like in the army – dig a hole, cover a hole?A: There are many jobs that require to be done that aren't being done at the moment - the Earth is barely taken care of. Remember that a company’s responsibility will extent further than merely the production of goods and services. Each company will have a Compassion and an Environmental Department.
Compassion Departments are a social function. Such departments will assist, for instance, with giving care to the elderly, organising and providing daycare, assisting victims of natural disasters and so on. Individuals whose jobs within the production process are replaced by technology, will instead be employed within the Compassion Department of the company and continue to receive their income.
Environmental Departments of a company fulfil the function of giving as one would like to receive. Companies will use resources from the Earth and will likely create pollutants that affect the environment. The Environmental Departments are in charge of giving back to the Earth in terms of assisting the environment to renew the resources that were taken, for instance, through tree-planting, creating dams, etc. Furthermore, it will assist within mitigating or stopping the negative effects of pollutants, such as, for instance, water or air purification.
Once everyone is employed and all meaningful jobs are being done - we decrease working hours. For instance, if a job requirement is 8 hours, 2 people can do 4 hours each. Also - people don't have to work for 60 years of their lives - we can go on retirement when we are 30-40.
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