In a previous post entitled Is our credit creation system the father of all pathogenic human interferences?, I endeavoured to compare and contrast the delocalized mitochondria that sufficiently powers our cells in our bodies via ATP production (without debt and interest production), and our centralalized banking system that insufficiently disempowers our communities in our nation-states via debt-producing compound-interest… Read More
This was the gospel reading for church today that brought into sharp focus the system value disorder still not seen and unspeakable as it pertained to regime change of “brutal dictators” from Iraq to Libya to Syria and now Venezuala. What stood out for me was the saying, “Why do you notice the splinter in your brother’s eye, but do not perceive the wooden beam in your own?”
At once, I recognized that a beam is part of the foundation of a house and a splinter is a product that is produced when work is done on the beam such as cutting with a saw and shaving the edges so that the parts of different beams fit snuggly with each other.
What if, the social destabilization and humanitarian crises (the splinters) we are seeing in socialist countries that are rich in oil and other resources and who had uncoupled from the US dollar, are the result of the brutal dictatorship of US foreign policy, NATO and the US Petrodollar Recycling Scheme (the beam)? Unless and until this US “brutal dictatorship” beam is removed from their eyes, they would be blinded from seeing the social destabilization and humanitarian crises splinters of their own making, which serve to create designated enemies for their continued “brutal dictatorship” projects.
Three recent article come readily to mind which I have reproduced below along with other links for further study.
The world (dis)order we have inherited today is not natural and has been manufactured by a misguided privileged ruling class of rich white propertied men. What I have come to realise as of late is that the Rule of Law that we in the West are indoctrinated to respect and uphold is basically a disguised Rule… Read More
“For the master’s tools will never dismantle the master’s house. They may allow us to temporarily beat him at his own game, but they will never enable us to bring about genuine change.” – Audre Lorde In the previous post, The Final Frontier – A blueprint for building a life-value rebased global economic and political system… Read More
There is a hidden war of value codes in the world today. On the one hand, there is the life code of value: Life → Means of Life → More Life (L → M of L→ L1). On the other hand, there is the money code of value: in its classical form, Money → Commodity → More Money ($ → C → $1). In its carcinogenic form, this sequence becomes: Money → More Money → More Money ($ → $1→ $2 → – $n). The latter money sequence of value is decoupled from any commitment to life function and is driven by the lending and investment cycles of banks. This paper demonstrates the carcinogenic properties of this sequence at the social level of life-organization.
The second part of the paper proposes a remedy. The first step consists in making the government-conferred privileges of banks – creating money by credit and lending others’ money stocks at compound interest – accountable to society’s life requirements. The second step consists in returning central banks to their constitutional mandate of lending to governments rather than alienating this function to private banks. The article concludes by arguing that the great obstacle to Canada’s and other countries’ economic well-being is the abdication by governments of their sovereign powers over society’s money supply, and the long cultivation of public ignorance on this ultimate issue of public policy and value decision.
Department of Philosophy
University of Guelph
Bank of Montreal Distinguished Visitor Lecture, Trent University, March 13, 1997. Read More
In order to transition from our present death economy and birth a new life economy, we need to bring new life-tools to our toolkit of investigations and experimentation. Given the recent realisation that our present economic science, in its present incarnation can be described as a form of “alchemy,” we have now to ask what… Read More
“Money is one of those cultural forces that has remained mostly invisible to the conscious ‘western’ mind. It is therefore to a civilization as the DNA code is to a species. It replicates structures and behaviour patterns that remain active across time and space for generations.” – Transformation Management: Towards the Integral Enterprise In a previous… Read More
Since its founding, Capital Institute and its collaborative network have been on a journey in search of a path that leads beyond today’s unsustainable economic system and the finance-dominated ideology that drives it toward an economy that operates in service to human communities without undermining the health of our biosphere and all life that depends on it.
Along the way, we discovered a new way of thinking about economics—an approach aligned with the latest understanding of how the universe and its living systems actually work. We call this approach Regenerative Economics, defined as the application of nature’s laws and patterns of systemic health, self-organization, and self-renewal to the vitality of socio-economic systems.
The seeds of emergence of Regenerative Economies in response to the escalating and interconnected social, economic, and ecological crises that jeopardize all we hold dear is a most hopeful development. Yet the promise of such emergence at scale demands we ask a single, vital question:
What would Finance look like if it were to operate genuinely in service of healthy human communities, and without undermining the long-term health of the planet in the process?
Drawing upon an insider’s understanding of the world of high finance from Capital Institute Founder and President John Fullerton, as well as the principles and patterns of sustainability found throughout living systems in the real world, Finance for a Regenerative World provides a frank assessment of our flawed finance ideology, and a bold, principles-based framework for the future of Finance.
The transition toward a regenerative world is a collective effort that is already underway. To promote collaborative review and comment on this paper (and the ideas it introduces) Finance for a Regenerative World is being released in four acts:
Act I: Context and Implications of the Regenerative Paradigm for Finance
Act II: The Failures of Finance
Act III: Towards a Regenerative Finance and a New Investment Theory
Act IV: An Agenda for the Reform We Need
The secretive jurisdictions of international financial centers which claim to be essential for capital growth and development, like state communism, is going to be the downfall of corporate crony capitalism, as both support conformity and rigidity of ideas in a top-down hierarchical pattern as “efficiently” as possible. This is done without challenge from outside; hence the stifling of genuine innovation and genuine resilience and ability to adapt to new knowledge of our destructive potentials in all of life’s spheres of influence and concerns, hence producing the persistent lack of truth and reconciliation and healing of all of the maladies of humanity and the planet. If this is not a form of globalised supranational “communism” now on steroids, where there is pervasive reverse projection, where the meanings of our labels have been tranmorgrified and no longer mean what they are supposed to mean any more, then I don’t know what is!
For example, do we really still have a “free market” and “democracy” anymore? Aren’t these ideals now usurped by the diktats of the financial-military-corporate media-digital collusive complex which now reign supreme where we have concentration of wealth and power at the top? When The Establishment preaches freedom of choice, freedom of mobility and freedom of privacy, are they talking about freedom for entitlement of theirs at the top, while relegating those of us at the bottom to a form of mental, social and debt slavery? Where is the genuine democracy and freedom in that? Should we not have by now an intelligent system that matches unused life resources to unmet life needs by the supply and demand principles of the free market? What about the genuine ability of the electorate to chose a leader of their choice without the rules of engagement being gerrimandered to maintain the power structure in the first place? Where is the economic and political justice in all of this? Again I stand by my claim that the only difference between state communism and corporate croney capitalism is not one of kind, but one of degree and scale, and the reverse projections that the latter creates to block out the obvious consequences of our life destructive and human indignifying machinations.
We live in a head-spinning, gut-wrenching time of multiplying crises. At home we face outsourced jobs, crumbling cities, underpaid teachers, unaffordable healthcare, endless wars, political corruption, a co-opted corporate media, skyrocketing inequality, and public “austerity” measures whose main purpose is to make tax-breaks for the rich more affordable. Working-class stagnation is producing widespread anxiety, mounting debt, and “despair deaths” from opioid abuse. Fear is fueling populist outrage, along with extremism, authoritarianism, and the conditions for a fascist takeover. Meanwhile, climate change poses an existential threat to humanity itself. All of these calamities spring from the same root cause: an oligarchic capitalism that puts short-term profit for owners over people and planet. While this system seems immutable, upheavals from Occupy Wall Street to the rise of right-wing populism signal a backlash to a political–economic establishment that treats people and planet as resources to be pillaged and expenses to be minimized. Its failures have also been driving the development of new possibilities in the form of more systemic approaches. Still, while systems thinking has improved approaches in fields from agriculture to medicine, so far none of these reforms have been able to channel public frustration into true transformation because none addresses the root problem: oligarchy. The science of systemic vitality we need is also being born, but so far, its findings are diffuse. This article shows how the science of energy systems can galvanize today’s economic reformation by articulating the common sense rules and rigorous measures of systemic vitality, while anchoring them in an evidence-based vision of humanity as a collaborative learning species. The result is a practical path to building systemic socioeconomic vitality by revitalizing human networks, energizing collective learning, and clarifying why oligarchic capitalism is a distortion of our original democratic free-enterprise dream, which is now careening toward collapse.
KEYWORDS: Big history, energy networks, economic development, great change, paradigm shift, regenerative economics, societal learning.