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Yearly Archives: 2018

People’s Economics – Dynamic Stability

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A world which seems to move faster all the time usually doesn’t feel like it at all. Like a car on a highway, speed is never what people sense. Yet the faster the speed, the more likely it is that every bump in the road or sudden gust of wind can cause an accident.

A few decades ago, cars felt simply dangerous at high speeds. As technology advances they become more comfortable and much safer because they are more stable. It’s not a static balance that they achieve, but a dynamic reaction to every bump and every change, correcting it back to controllable and level.

The same sense of dynamic stability is essential to a faster moving economy as well.  This is why it is one of the Five Points of People’s Economics.

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People’s Economics – Investment

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After World War II, America settled down to a comfortable life and much of the world started to rebuild. Using the industrial models that defined the times, including the war, the entire process was described in terms of developing a “consumer economy.” The main economic function of people was to consume what industry produced, guaranteeing profit and growth. It was dynamic in that money changed hands rapidly, yet static in the view of where capital comes from and how it was used.

As more nations developed the process was expected to continue. But it did not. Societies, particularly in Asia, found many reasons to save money and develop themselves and their families for the long haul. This has been a critical change which, when applied properly, makes market based systems work even better.

This is also why a true market based system focused on people has to emphasize investment over consumption.  It is a big part of the definition of People’s Economics, as this continues.

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People’s Economics – Personal Development

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A world which depends on technology is a world which depends on skills. The word technology literally means “the study of skill,” and the acquisition of new skills defines a developing economy. There can be little doubt that the skills and ability to implement new products, processes, or systems is what will continue to define a technology driven world.

This is a matter of people, not money. It is at the core of what People’s Economics, the process of increasing the value of the greatest resource of any nation on earth – the drive, skills, and connections of its people.  It is the second of the Five Points which define People’s Economics.

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Post -Election Clarity

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The election is over. The results will still take a lot of sifting through before we know exactly what has happened, but we do know that both parties have a stake in government now. Democrats took the US House, several legislative chambers, and six Governors offices. Republicans held, and even strengthened, their grip on the Senate.

This is going to be gridlock. But for Democrats, there is a very clear way forward that will point to a successful 2020 and beyond – possibly for a whole generation. It’s a matter of growing leadership and strengthening the position of problem solvers who work for the people of this nation.

I will get back to defining People’s Economics shortly.  It only matters more after this.

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Mid-Term Entrenchment

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Electino Day is 6 November. There is likely to be a ‘blue wave” that will change the US House and many statehouses to Democratic control, but the Senate is not likely to change. The net result is almost certainly going to be entrenchment and gridlock, meaning that nothing is going to be done for the next two years.

It’s important to take a break from the description of People’s Economics to consider why this is likely the case, and why the repudiation of Trump will not be complete. The short answer is that while America would like to move ahead in a different direction, it simply has not been properly defined.

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