Category Archives: Creative Capitalism

#CAPITALISM by 1% Nick Hanauer: wake up, fellow plutocrats, the pitchforks will come for us!

This TED talk is about economics rather than money creation. But at least he does challenge ‘trickle down’ academic economics. Nick Hanauer has founded, co-founded and funded some 30 companies, i.e. he talks as an entrepreneur. At the end of the day, everybody can make some kind of difference. The difference the top 1% can make is just bigger!

“I am not making a moral argument. I am arguing that RISING economic inequality is STUPID. The model should be Henry Ford who intuited that

  • an economy needs to be understood as an ecosystem.

21st century understanding of economics is about

  • complex, adaptive, ecosystemic
  • not efficient and effective.

Capitalism does not work by effectively allocating resources.

His ideas of ‘new capitalism’ include

  • shrinking the size of government
  • investing in the middle class
  • balancing the power between ‘minimum wage’ and people like me.

Economics encode social and moral preferences, it’s not an exact science.

Fellow plutocrats, it is time to commit to a new kind of capitalism!

The BRADBURY POUND – in anticipation of its 100th Anniversary

13 07 03 Bradbury LogoBring Back the Bradbury Pound!

Countdown to 7th August 2014 

100th Anniversary of Historic Solution

to end Britain’s ‘crisis’, austerity & corruption

There is a deep malaise affecting our country – something is clearly not right. To catch a criminal, a good policeman will always tell you to follow the money and to ask, cui bono – who benefits?

The network of private central banks led by the Bank for International Settlements in Basel, Switzerland, have taken control of the world’s money supply to achieve global governance on their terms – hardly beneficial for the human race.

The way to ‘stop and reverse’ is to ask:

  • Why doesn’t the British government through its Treasury issue debt- and interest-free money?
  • Why do our politicians go to private bankers who create money out of thin air – as figures on a computer screen?
  • When this ‘money’, or ‘nothingness’, is received by our government, why do we, as taxpayers, pay £50,000,000,000 interest a year?

Austin Mitchell MP, Chairman of the Forum for Stable Currencies[1] has been tabling Early Day Motions since 2002 to this effect.

In the US, this principle – a sovereign nation’s treasury issuing its own debt-free and interest-free money without going anywhere near the private central banks – was implemented by Abraham Lincoln in 1861 with his Greenback Dollars which secured the final victory for the North in the American Civil War.

Fifty-three years later, in August 1914 at the outbreak of the First World War, the British Government passed an Act allowing the Treasury to issue debt-free and interest-free money that became known as Bradbury Pounds.

“I have two enemies; the Southern army in front of me and the financial institutions in the rear. Of the two, the one in the rear is my greatest foe” Abraham Lincoln.

13 07 03 Bradbury Lincoln

The Bradbury Pound was an emergency measure brought in by the then Chancellor of the Exchequer, David Lloyd George, to prevent a possible run on the banks, as people adjusted to the news about the outbreak of the Great War. 

To read the full story of this virtually unknown historical precedent, go to www.ukcolumn.org and click on the Bradbury Pound campaign logo.

And an awesome historic 6,000 word article can be found under John Bradbury & Thomas Paine.

For further information, please contact Campaign Director Justin Walker at jrgwalker@aol.com

An Open Letter to President Obama …from Michael Moore – in which most of the points apply to the UK, too

An Open Letter to President Obama …from Michael Moore – in which most of the points apply to the UK, too:

Monday, November 19th, 2012

Dear President Obama:

Good luck on your journeys overseas this week, and congratulations on decisively winning your second term as our president! The first time you won four years ago, most of us couldn’t contain our joy and found ourselves literally in tears over your victory.

This time, it was more like breathing a huge sigh of relief. But, like the smooth guy you are, you scored the highest percentage of the vote of any Democrat since Lyndon Johnson, and you racked up the most votes for a Democratic president in the history of the United States (the only one to receive more votes than you was … you, in ’08!). You are the first Democrat to get more than 50% of the vote twice in a row since Franklin D. Roosevelt. Continue reading

Sadville bans usury

This article by Andrew Orlowski shows us the differences and similarities between the net’s digital money and conventional debt-based and thus usury-laden money.

Fortunately, the company that has created Second Life and issues virtual Linden Dollars is more understanding and ethical than some of its customers!

What makes ‘Creative Capitalism’ hard?

Below is a comment that I submitted to this remarkable, although US centred blog pointed out to me by my admirable partner and web researcher Dr. Lilly Evans:

What makes creative capitalism hard? Let me count my ways:

1. there are very few people who understand the mechanisms and powers of the creation of money as a national currency and National Debt;

2. there are even less people in positions of institutional or financial power who understand these mechanisms;

3. the ‘political will’ can not come from politicians, because too few understand and too many don’t want to rock the boat that is steered by Central Banks and financial institutions;

4. the monopoly and privilege to create Cash lies with the State and is legally enshrined by the law making process;

5. the monopoly and privilege to create Credit lies with banks who are self-regulated;

6. lawyers are self-regulated;

7. institutional cultures perpetuate existing processes and don’t allow for innovation, let alone creativity that is inherently individual;

8. the financial need for survival, a job and a pension is more immediate than the passion to care for others and to contribute to a world that works for all of us;

9. Nobel Peace Prize winner Muhammad Yunus writes in “Creating a World without Poverty – Social Business and the Future of Capitalism” that institutions have failed us. He says they and governments are notoriously slow. Hence ‘social business’ is the answer on individual levels.

10. We have been ‘entrained’ to think in terms of economics, a soft science, rather than mathematics and systems.

As a mathematician and systems analyst, my latest attempt to contribute to ‘creative capitalism’ is an on-line petition targeted at the Treasury Select Committee of the House of Commons.

Maybe you click on http://tinyurl.com/666rwd for more?

Upon further reflection, I should add:

11. Nobody seems to question the banks’ trends of investing one ‘financial product’ after another. Once upon a time, money was invented as a MEDIUM OF EXCHANGE! Not a product to buy and sell for money!

12. All philosophies and religions, and especially Islam, forbid us to make money out of money. But capitalism has turned usury (making money from lending) into a ‘craft’.

Thanks for counting with me!

Sabine