Wednesday 28 May 2014

BBC publishes outline YPP manifesto

From the BBC:

Clive Menzies, Critical Thinking

A 2011 study in the New Scientist revealed that 147 "super entities" control 40% of 43,060 transnational corporations and 60% of their revenues. The study was based on shareholders and directors but doesn't reveal beneficial ownership and control hidden behind nominee companies, trusts and foundations. Evidence suggests power is even more concentrated than the study indicates.

This stateless power dominates politics, media and education. Financial capitalism seeks to monetise and control everything, influencing legislation and regulation in its favour.

Stateless power is drawn from three fundamental flaws in the economic system, evolved to benefit the ruling class over centuries, but these flaws have been expunged from economic discourse:

Flaw 1. Private capture of the value of land, resources and other commons (such as water, the radio spectrum, genes, nature and knowledge), gifts from nature (or God), the value of which is communally created. The value of these must be shared for the good of all to fund public services and an unconditional citizens dividend.

Flaw 2. Interest on money creates no wealth but systemically drives inequality, environmental destruction, conflict and exponential, unsustainable debt growth. Debt must be unenforceable in law and usury (lending money at interest) illegal. Debt must revert to a social construct rather than its current role of facilitating wealth extraction, exploitation and oppression.

Flaw 3. Increased mechanisation and technology has rendered full employment unachievable, unnecessary and undesirable. The means to life cannot be conditional on paid employment but is a right for all and must be provided in the form of an unconditional citizens dividend sufficient for a decent life.

I personally don't damn the payment of interest out of hand, it's a bit more nuanced than that, and clearly, a Citizen's Dividend could never be enough for nobody have to work any more; it's a safety net and the only way of equitably distributing land wealth, AFAIC.

But hey, that's still two-thirds of our manifesto right there, and Clive is not even a member (yet...).

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