The report suggests a focus on job retraining and potentially the adoption of universal basic income as potential remedies, but is there political will to put this into action?
The Next Powerful Political Constituency: The Millions Marginalized by Autonomy
Joshua Lasky

Hard telling about political will, particularly lately

But if considering universal basic income, mind that the directed conversation is restricted to single state welfare distribution schemes, that can not provide the benefits suggested, as they support and maintain the inequity across borders

This core inequity is in the right to loan money into existence at a sustainable interest rate

A rule requiring sovereign debt to be backed with Shares of global fiat credit, that may be claimed by each adult human on the planet, for deposit in trust with their local deposit bank exclusively for investment in secure sovereign debt, as part of an actual social contract, will correct this inequity

This structure provides as compensation for cooperation, a quantum of secure capital, that is a right to loan an amount of money into existence to finance sovereign debt.. maybe €1,000,000, or $1,000,000, or £1,000,000…

…and by setting a sovereign interest rate below that of sustainable growth.. maybe 1,25%…

.. each deposit bank holding Shares in trust will have that value in available credit, at that rate, to finance each level of each government, as well as secure investments of individual sovereigns..

. and each individual sovereign Share holder will receive an equal share of the interest paid on global sovereign debt, from their bank

So if you will please, consider how this one small rule change would most likely effect these situations?

Thanks for your kind indulgence

One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.