Evolving Economies

An Economy of ever increasing debt costs too much to operate. If we reduce and eliminate money debt loan by loan, the part of the economy without debt becomes more efficient. Let us call those parts of the economy that operate efficiently the “New Economy”.

The New Economy repays money loans with goods and services. Stopping repayments with money eliminates the need for interest to give lenders a return on investment. It removes the Time Value of money and makes the New Economy more efficient. Doing the same things for lower cost increases the wealth of those in the New Economy. They have more money with which to do other things or the same things at a lower cost.

Individuals, businesses, organisations and countries with loans can choose whether to stay in the Old Economy or move to the New Economy by changing the way they repay each loan.

We will reach a tipping point when the New Economy is larger than the debt economy. It will have balanced budgets, fiscal discipline, high guaranteed returns, sustainable investments, strong productivity growth, few taxes, no handouts and full employment.

In the New Economy, we work for each other, and we do more with less. No-one is left behind as we look after the family first, then those with whom we share investments through loans. We link our loans and investments to create a network of mutual dependency.

In the New Economy work and leisure blend seamlessly. In the New Economy, all receive a guaranteed sustainable share of income. When we work for others, they give a fair day’s pay for a fair day’s work. The New Economy rewards excellence and performance.

In the New Economy, we respect and nurture our individuality. We celebrate diversity. We trust our family and friends and others on whom we depend, and we don’t spy on them. We negotiate our differences, and we agree to disagree. When the other party or we break an agreement, we agree on how we will resolve the losses that arise.

In the New Economy, we compete to do more with less with the winners being those who generate the most value for the least cost.

The New Economy is dynamic and ever-changing. It rewards innovation, saving, and keeping agreements. It punishes those who put themselves first, are wasteful and who break their promises.