Starts:
Along with mHDI, respects to the HDI-inventor from Pakistan, I suggest that one starts to make a money-number on fairly immaterial concepts, such as (physical) security, ethical complacency, and mental order/happiness by scope, not "robotics", with (legal) free will and autonomy kept.
With this comes a "quantified" GDP value that economists can consider, also to the population at large, adding military/police forces/system calm to satisfy very-money-interested people, all money included (black money too?).
Where these costs are calculated to belong to the public budgets (state, regional, local) or the private ones, where these may be, is beyond me.
The idea is of course to add (physical) security aspects to a general view of economics, not necessarily leading to private police (like in San Franscisco in the 30s(?)). In writing this, we need to see that physical security adds some qualities to our lives and that these can be expressed just like other services are expressed in numbers, like the cleaning of hotel rooms. Thus, physical security can be part of a bigger picture of goverment responsibility and liability. Agree?
(Also consider the Greenspanism, the quantified/justified parts of household budgets and economy overall.)
1 Mn people service the same 1 Mn people, including oneself. Then 1 Mn services if individual services by administration of robots. Then this means 1 Mn $ income by 1 $ for each person served, affording 1 Mn products and services including the service to oneself.
Proof: Everyone can become dollar-millionaires on Earth and at the same time affording many products and services if not exactly 1 Mn services and products, i.e., living the life of a dollar-millionaire!
The future looks really BRIGHT!
PS: To enter the 100% Society too.
Principally,
ReplyDelete1 Mn people service the same 1 Mn people, including oneself. Then 1 Mn services if individual services by administration of robots. Then this means 1 Mn $ income by 1 $ for each person served, affording 1 Mn products and services including the service to oneself.
Proof: Everyone can become dollar-millionaires on Earth and at the same time affording many products and services if not exactly 1 Mn services and products, i.e., living the life of a dollar-millionaire!
The future looks really BRIGHT!
Cheers!
Reminder, The Future Is GeoThermal for Electrical Power Generation!
ReplyDeleteI'd like to add my voice to those who say the future is GeoThermal. There seems to be abundance of energy to be drawn from Earth itself.
GeoThermal Power, Wikipedia: https://en.wikipedia.org/wiki/Geothermal_power
#BatteryParks #BatteryEnergy #UN @UN #WorldBank @UNDP
#GeoThermal #FutureisBright #UDHR #HumanRights @IMF - The Future is Electrical Power!
The Financial Crises - A call for economic rationality
ReplyDeleteRespecting fundamental "rules" of the economic science should provide for economic rationality, including the professional ethics, mind you, as well as (duty to) providing utility.
Then 2 examples of 2 financial crises of irrationality:
1. The financial crisis of 2007–2008, also known as the global financial crisis
Failure:
- unrestricted/unqualified lending of money from banks, mainly in successful USA which may have been a kind of (fraudulent) deliberation or thereof.
2. The dot-com bubble, the burst of the bubble lasted from March 11, 2000 to October 9, 2002
Failure:
- unhinged/unqualified investments into information technology stocks, buying "pixels" from "internet companies", also from companies with people who were poorly trained for the commerce potential. Greed for earning money really fast. Some say "unfounded" growth of stock prices. Either, in hindsight, the longterm, serious investment into expertise and technology would probably have paid of regardless, almost, I happen to think.
So, this is a calling for economic rationality. With today's mature information era, there are rich opportunities to do the right thing, even though you may be outperformed "on paper" by other investors, bankers, companies, whomever...
"The future looks bright!" Doing the right thing, being rational should by my experience carry you through hell and all other difficulties! (Where the greedy, criminals are now "swimming" the sewers, if they do not live there, outright!)
Remember, Capitalism serves people under Democracy and Human Rights (UDHR). Rather than the conflict-seeking Left Wing people (or worse: the Nazi-Socialists), Capitalism has in-built mechanisms for both Rule of Law (Dem. & UDHR) and intelligence/intellectual abilities, those of (Kantian) ethical and moral character.
ReplyDeleteIn addition:
ReplyDelete#Evil by any crime whatsoever has no guarantees, has no protection, has no protection! Indeed, is subject to #legal #persecution at any point in time!
#Justice #Morality #KantianEthics #The4Factors #LegalSystem #Law #Decency - Also the Black Money issues, difficulties with using money from crime, sending people out on the streets as homeless, possibly. "Curse", adverse quantum physics, on Human Rights infringing countries, the poor, moronic leaders doing even more damage to the country in question.
#Economy Lawful happiness must take priority over hard currency, hard cash. Away with unfair business practices, away with hellishly cheap products and away with blood money, of course! #BlackMoney #LawfulHappiness #RightPriorities #FightingPoverty #Democracy #UDHR #2A #Kantian (#KantianEthics)
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