Who Does The Economy Serve?

Zohran Mamdani won a decisive victory in this year’s New York City Primary for the Democratic nomination for mayor. He campaigned on the concept of affordability, with several goals spelled out to achieve that affordability for the citizens of the five boroughs. He proposed raising taxes on the rich to pay for them. Those goals included:

  1. Transportation – free bus service in NY City
  2. Housing – a) a rent freeze rent for nearly 1 million New Yorkers and b) build 200,000 new homes to be built over the next decade
  3. Child Care – free child care for children between six weeks and five years old
  4. Food – create a city-owned grocery store in each borough

The problem is, the Mayor and the City Council can only freeze the rent. The other goals will require support from the state legislature in Albany and the Governor. They would need to pass a bill to raise billions of dollars in taxes on the wealthy. And therein lies a huge problem.

That is, nearly every state and federal legislative body in the United States is predominantly controlled by politicians who have been elected to their office because of a significant portion of their campaigns having been funded by the wealthy. And a large percentage of those wealthy people fight like hell to avoid paying taxes, even their fair share. And the latest bill in Congress shows that they are even willing to take from the rest of us to pay even less taxes.

So, although programs like those proposed by Mamdani would benefit millions, getting money out of the wealthy today makes Dicken’s Scrooge look downright generous. I guess that means there is nothing we can do about it. Right?

The reality is that we are not helpless! We can address our own needs, regardless of what the rich and powerful do. The only thing standing in our way is the lack of knowledge on how we can do that – and the will to act on it. What we need is an economy for the rest of us – a WEconomy.TM

That is what this website is all about. It describes how we the people can take control of our own financial destiny and forever change our future for the better. It all comes down to money – who issues it and who controls it. Currently the wealthy control our money supply and how it is distributed.

A key to understanding the current conditions is to understand that the current global financial eco-system was designed by the rich, for the benefit of the rich, and not the rest of us. That is why governments throughout the world fail to ever permanently fix the major problems that beset the rest of us.

So, if the current financial eco-system cannot fix things, then the obvious answer is that we need to come up with another solution that is not dependent on the current system. The great futurist R. Buckminster Fuller said it best when he stated “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”

See this section on how money is currently issued and controlled today, and the alternative paradigm that we can control.

To apply that to this task at hand, that means we need to come up with an alternate financial eco system, one designed by the people, for the people. An economy that serves the rest of us – the WEconomy.TM  In essence, we need to issue our own money – the “peoples’ money” as it were.

Imagine If We Had . . .

  • All the money we need to address climate change
  • Thriving small businesses
  • Jobs with living wages
  • Fully funded non-profits
  • Personal debt reduction
  • Free health care for all
  • Plenty of money for infrastructure
  • Fully funded public education K thru post-secondary
  • Energy produced mostly from renewable sources
  • Food security for all with locally grown food
  • Fully funded state and local governments
  • Clean water, air and energy
  • Healthy and vibrant local economies
  • Free child and elder care
  • Universal blight remediation
  • Basic income for those in need
  • Plenty of money to support the arts, science, technology and more
  • Funding to launch 100% of for-profit and non-profit startups with a viable plan

 

A key to understanding the current conditions is to understand that the global financial eco system was designed by the rich, for the benefit of the rich, and not the rest of us. That is why governments throughout the world fail to ever permanently fix the major problems that beset the rest of us.

They CANNOT fix them given the nature of money today, how it is issued and who controls it.[1] To expect otherwise is to affirm Einstein’s purported definition of insanity “…doing the same thing over and over again and expecting a different result.” Or put another way “If we always do what we have always done, we will always get what we always got.”

So, if the current financial eco system cannot fix things, then the obvious answer is that we need to come up with another solution that is not dependent on the current system. The great futurist R. Buckminster Fuller said it best when he stated “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”

To apply that to this task at hand, that means we need to come up with an alternate financial eco system, one designed by the people, for the people. In essence, we need to issue our own money – the “peoples’ money” as it were.

It turns out that the idea of the people issuing their own money is not a new one. In fact, as this article[2] from the Federal Reserve points out “The government isn’t the only entity allowed to issue money. Private citizens and businesses can too, and throughout U.S. history, they often have.”

See this section for examples of successful programs from the past, that can serve as models for modern implementations of the concept. And then go to this section to see how you and your organization can setup your own local program.

[1]  See this article and video, “Money – It’s Not What Most Of Us Think” https://slateblue-hawk-257930.hostingersite.com/money

[2] Private Money in our Past, Present, and Future http://thefedandprivatemoney.com/