User:Janosabel/OtherTries
From Wikipedia, the free encyclopedia
Binary economics states that it is the expression of a new paradigm or new understanding of reality that creates a new economics; a new politics; a new justice and a new morality.[1] In its economics aspect, binary economics is a market economics whose markets work for everybody rather than just a few; and it upholds private property but private property, again, for everybody rather than just a few.[2] A summary might be – a justice which creates efficiency and an efficiency which creates justice.[3]
This is a copy of the origingal article on binary economics by Rodney Shakespeare. It got torn apart by the wikipedia editors as completely and utterly non-encyclopedic. Rodney did not take it very well but I could not really defend the article agains the changes. |
Binary economics is fundamentally different from all forms of conventional economics (be they expressions of right-wing, centrist or left-wing theory).[4] Thus, unlike most mainstream economics, binary economics accommodates belief in God, unicity and ethics;[5] it does not assume that humans only follow their own immediate short term self interest;[6] and it does not assume that humans (as distinguished from capital instruments) do all, or nearly all, of the physical creation of wealth.[7] As a study, binary economics is not reductionist,[8] does not ignore the imbalance in power relationships between people,[9] and does not assume that extensive poverty (over half of the world's population lives on under $3 per day)[10] is inevitable. Being concerned with social justice and economic justice it also notes that allegedly successful 'free market' economies show symptoms of profound failure – thus figures from the 2004 Census show that one fifth of Americans live on under $7 per day.[11][unreliable source?]
Furthermore, binary economics addresses a number of weaknesses in the current economic system which are dismissed by conventional economics as being of no, or low, importance. The weaknesses are:--
- Almost all of the modern money supply is in the form of interest-bearing debt created and owned by the banking system[12]
- The money supply is generally not directed at productive capacity[13]
- Forms of productive capital remain narrowly owned and there is no policy to spread the ownership of productive capacity throughout the population[14]
- People do not have their own independent incomes[15]
Binary economics cannot be inflationary: it is counter-inflationary. Nor can it lead to a global financial crisis of the sort now threatening economies and markets.
Binary economics is beginning to be taught in universities. The first such teaching is on the Islamic Economics and Finance postgraduate program at Trisakti University, Jakarta, Indonesia. Trisakti is famous as the birthplace of the 1998 Indonesian reformasi revolution. It is the biggest private university in Indonesia and second only to the main state university in prestige.[16] |