Day 57: Measuring the Performance of the Economy – Part 3

I commit myself to expose how the current economic system within the world has lost all connection to the physical world and is only interested itself as an entity where human beings, animals, plants, Earth – are all placed into the service of the Economy for the sake of a few benefiting from the current system

I commit myself to the establishment of an economic system which is in support of Life instead of being a parasitic entity as what is currently exists as

I commit myself to the establishment of a world economic system which is sustainable and support all Life by taking into consideration all equally, and not just those with money

I commit myself to the establishment of a world economic system which is rooted in reality, and does not just go about distributing and producing stuff with no regard of consequence and actual physical capability of planet Earth, nature, animals and humans

I commit myself to establish a world economic system which caters for All Life Equally – so that this resource distribution leading to those with money and skipping those without can stop

I commit myself to expose the ridiculousness of our current economic systems objectives as they in no way have any connection to physical reality but are only concerned with the Egos of man as those who identify themselves with the current economic system and benefit from it – where it’s all about who can produce the most stuff with no regard for consequence and the billions of people suffering

I commit myself to the establishment of Common Sense, Best for All macroeconomic Objectives – such as ensuring that the economic system provides for everyone’s basic needs, and uses the Earth’s resources in a responsible, sustainable way

I commit myself to expose the wicked nature of man which is reflected within the attitude of conventional economists as their words clearly show that they have no regard for any other life form but themselves

I commit myself to a world economic system where people do not have to work to earn a living, but where people will be supported unconditionally from Birth to Death

I commit myself to a New World Order where work/labour becomes a point of self-responsibility where we see / realise that certain things need to be done in order for everyone to be taken care of, and so do our part in ensuring the wellbeing of the whole, where each dedicate a few years of their lives to play their part – and where afterwards work/labour becomes a point of expression where you take on a position because you enjoy doing so, not because your life depends on it

I commit myself to expose the nature of our current economic system as a ruthless, brutal, heartless system which only cares for itself and if you do not meet the criteria to ‘play’ its game, you are spitted out and left to fend for yourself – where this current economic system is here by our own acceptance and allowance, and where we can just as well design and implement an economic system of Real Love as unconditionally giving and receiving where no-one is left behind

I commit myself to expose how our current economic system and the economists who defend it have no interest whatsoever in the equitable distribution of income and hide behind petty excuses and justifications as to why they will not discuss this point and bring about change, because apparently they do not have the authority to comment on this and so all they can do is ‘leave it be’ and do what they do as economists which is protect the system

I commit myself to an Equal Money System where an Economic System of Equality will be implemented, which caters for all life, in a sustainable, responsible way – ensuring the well being of All Life Now and in the Future 

Day 56: Measuring the Performance of the Economy – Part 2

I forgive myself that I have accepted and allowed myself to value objectives within macroeconomics in terms of evaluating the performance of the economy – which is no way are related to the wellbeing of Life on Earth, but only concerned with the self-preservation of the current economic system

I forgive myself that I have accepted and allowed myself to have created a world economic system where Life on Earth is placed in the service of the Economic Machine of Greed and Unsustainability – instead of a world economic system which serves Life on Earth

I forgive myself that I have accepted and allowed myself to have completely missed the point of economics – where I accepted and allowed myself to believe in - and support a system of Hope where few win and the majority lose, where Hope is the only thing keeping the system standing as the majority hope to one day be in a position of the few – while obviously this is not mathematically possible, as the lifestyle of the few is only possible if they remain few – and within that I forgive myself that I haven’t accepted and allowed myself to have created and economic system which actually looks at all the points in the world which require support within sustenance and then unconditionally direct the flow of resources towards all points which require sustenance/support without any form of discrimination which is in fact what the Equal Money System is designed to do

I forgive myself that I have accepted and allowed myself to value ‘economic growth’ as a macroeconomic objective, and where this objective is valued above all other objectives as the Holy Grail of Success – without seeing and realising that the desire for economic growth is just another way of saying ‘more..More.. MORE, I WANT MORE!!!’, as a spoilt child throwing a tantrum for not getting what it wants – while in the meantime half the world perishes in poverty and starvation and get to be ignored while we economists stare at economic growth like a moth being attracted to a flame - ever hypnotised, never considering the consequences of one’s actions

I forgive myself that I have accepted and allowed myself to value “how much more stuff has been produced” as the primary marcoeconomic objective

I forgive myself that I haven’t accepted and allowed myself to see and realise that the news today which I can see/hear/read about daily – clearly indicate that there are much more important objectives to consider as the suffering and madness is undeniable, yet I will value ‘producing stuff’ more over ‘making sure everyone’s living a comfortable life’

I forgive myself that I have accepted and allowed myself to have mindfucked myself into believing that ‘producing stuff’ equals ‘making a better world’

I forgive myself that I have accepted and allowed myself to justify within myself my evil actions of limited self-interest with the thought that ‘eventually all the stuff/wealth will trickle down to the poor and then they will also be better off!’

I forgive myself that I haven’t accepted and allowed myself to be honest with myself as I know that ‘it will trickle down to the less fortunate’ is a big fat lie – but as long as there are enough of us portraying it to be the truth and teaching it to our children, we can maintain the lie and keep avoiding self-responsibility – and if we put it into pretty sophisticated words in textbooks then it almost sounds true too!

I forgive myself that I have accepted and allowed myself to have created a world economic system where there can never be full employment – and then at the same time create the system in such a way that everyone is dependent on employment to earn their living, and so not everyone can live

I forgive myself that I haven’t accepted and allowed myself to see and realise that we can just as easily create a system where people don’t have to depend on employment to be able to sustain themselves and where we scale down our industries of entertainment which are only here to benefit the minority – so that there are less jobs to be done and so not everyone has to work all the time for the sake of profit and economic growth – and so we will have more time available to actually live and enjoy ourselves

I forgive myself that I have accepted and allowed myself to value only those things which relate to the preservation of the current economic system – and so there are no real goals , as all we are doing is timelooping on the same point, which is our current economic system which is Not Best for All

I forgive myself that I have accepted and allowed myself to place ‘equitable distribution of income’ as one of the objectives of marcoeconomics, but it is really just to appease people, where we pretend that we are giving inequality attention – while we don’t, and then justify our non-consideration on the base that it is a ‘normative’/’subjective’ issue – and that it is not the economist’s place to say anything about this issue, as they are not politicians or sociologists – which is a real easy way out of not taking responsibility – and within that I forgive myself that I haven’t accepted and allowed myself to see and realise that our very economic system as what it currently exists as, is ONLY based on the subjectiveness and normativity – as it is a VALUE SYSTEM which currently only values the HAPPINESS OF A FEW – and so when economists say that they rather do not comment on such a ‘controversial issue’ as ‘unequal income distribution’ – it’s really just the same as saying I LIKE THIS INEQUALITY JUST THE WAY IT IS

I forgive myself that I haven’t accepted and allowed myself to see and realise that it is not about being a ‘politician’ or a ‘sociologist’ or whatever other qualification – as the only thing you require to comment on the current status of inequality within the world is YOU as a HUMAN BEING and the realisation that OTHER HUMAN BEINGS, which are JUST LIKE YOU, are mostly in positions which you would NOT WANT to be in – and within that you either decide to DO SOMETHING ABOUT IT or NOT – and as we have seen, the mainstream economists have decided to NOT do ANYTHING about it as they value their own Life as more valuable than others

Day 55: Measuring the Performance of the Economy: Macroeconomic Objectives

Within the next few blogs we’ll be looking at how economists currently measure the performance of the economy, and by what criteria they are measuring it by. In this blog we’ll be discussing the macroeconomic objectives. These objectives also give a nice indication of what it is that is being valued within the area of economics.

There are about 5 objectives which are regularly listed when looking at macroeconomic objectives:

1)    Economic growth
2)    Full employment
3)    Price stability
4)    Balance of payments stability ( / external stability)
5)    Equitable distribution of income

1.     Economic Growth

Economic growth is considered to be the most important criterion, and is the one criterion which will be given the most weight when evaluating and comparing economies.

Economic growth sounds like a very big concept, but it really just refers to an increase in the total production of goods and services from one period to the next – usually one year.

So this is quite a ‘vague’ and ‘undefined’ goal – as all it stipulates is that there must be some sort of increase in the total production of goods and services – no matter what these goods or services are, or whether they are beneficial to the whole of society or not. A conventional economist might tell you that the goods and services produced will obviously be that which is required to be produced for the good of society, as what is produced and how much is dependent on supply and demand. And so – if someone were to produce something which is of “no value”, no-one would demand it and the person would soon be going out of business – and within this manner the economy eliminates any and all apparently unnecessary goods and services, and justifies what and the quantities which are being produced: it’s demanded! If people are willing to spend money on it, it means they value it, if they value it, it means it brings them happiness --- so, if we produce what is demanded then we are increasing everyone’s happiness and being a good person!

But now obviously, since the majority of the wealth (= money votes) lies in the hands of the minority, then we are really just producing/providing/catering for a handful of people, and only producing/creating things which they think are important, and so all the needs and wants of the remaining majority aren’t catered for because they do not form part of the ‘demand’. And then we go and measure the ‘performance’ of the economy in terms of how much ‘stuff’ is produced – and the more the better. Measuring the performance of the economy this way, gives you no indication whatsoever in terms of how the whole of society is faring – isn’t that what realperformance should be about?

2.     Full Employment

Ideally, a country wants all its factors of productions, and in particular ‘labour’ to be fully employed. In practice however, there’s always unemployment. The main concern with high unemployment rates are political and social stability – as high unemployment might disrupt social and political cohesion which then affects the economy as well. Can’t let that happen! These are considered the ‘social costs’ of unemployment. Personal material and psychological suffering is only a personal cost, and is obviously not that big of a deal – otherwise the economy would not be standing on the principles of supply and demand and the starting point of self-interest.

Full employment should really not be such a ‘major deal’ – the only reason why we are making employment so important is because we’ve accepted and allowed ourselves to create a system which requires you to earn your living. And so, if you do not have a job, you are unable to support yourself, and you are rejected by the system. We then have people working multiple jobs getting barely any sleep just to get by, while others live a life of extravagance, having other people employed to do all the work while they do nothing at all. So you see, there are two extreme polarities – and we can easily balance this out so we can have a world where we do not have to work all the time for the majority of our lives. We will then not have full employment, but it wouldn’t be necessary either. Because you’d for instance go to school while you’re still very young, then you work for a few years – and then after that, it’s up to you whether you want to work or do something else. Doesn’t that sound nice?

3.     Price Stability

Price stability as an objective refers to keeping inflation as low as possible. So prices will still change according to the interaction with supply and demand. To check the movement of prices, the Consumer Price Index is used – which will be explained at a later stage. Inflation is unwanted for distributional, economic and socio-political reason, which we’ll explain when we get to inflation (but simply put, inflation is harmful to the economic status quo – as it creates unrest and the system stops working the way it should be, where those who are supposed to lose now win and vice versa).

4.     Balance of Payments

This concept of ‘Balance of Payments’ refers to the money going in and out of a particular country – within the movement of imports and exports, over a particular amount of time. The Balance of Payments is usually calculated every quarter and every calendar year. In theory, the Balance of Payments should be zero, meaning that what goes out (‘debits’) is balanced by what comes in (‘credits’). In practice however, this barely happens – and so the Balance of Payments can be used so show whether there is a surplus or a deficit and from which area in the economy these unbalances are coming from.

5.     Equitable Distribution of Income

Now we actually get to a worthwhile objective, and then this objective is something economists do not like to discuss because it involves subjective/normative issues – and so they rather not say anything about it, expect that it is ‘controversial’ and then move on to the next topic. Very sad.

When looking at the distribution of income, there’s no mention about ‘everyone deserves access to basic resources’ or things like that, no, no – instead they look at how ‘income inequality’ is a means of stimulating saving and investment which apparently would eventually also benefit the poor (but I mean, if you just give everyone a basic income, then you don’t have poor people in the first place – I mean, it’s really that simple). But then they say, on the other side, inequitable distribution of income, can lead to feelings of injustice and unfairness, which may stir up unrest and then affect the structure and development of the economy. So here you have a ‘pro’ and a ‘contra’ for income equality/inequality – but what is fascinating, is that in each of these statements, it is always the interest of the ‘economy’ as some holy spirit/entity which gets to take center stage, where the preserving of the ‘economy’ is the number one priority – and all the unfairness and suffering is secondary. But what is the point of keeping an economy alive which is not Best for All?

The only reason we currently have middle-class, is so they can be the ‘buffer’ between the rich and the poor which keep everything stable and prevent any ‘unrest’ and ‘instability’ for the sake of the Preservation of the Economy. This concept does way back, all the way to Aristotle who saw just the same.

But this basically implies that, if we as humanity could have gone without the middle-class and have an even wider separation between the rich and the poor without it causing ‘unrest’ – we would have done so.