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Economic Democracy: A Grand Strategy for World Peace and Prosperity, 2nd edition [Hardcover]

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Item description for Economic Democracy: A Grand Strategy for World Peace and Prosperity, 2nd edition by J. W. Smith...

The evolution from plunder by raids to plunder by trade began 800 to 1,000 years ago in the Free Cities of Europe. As those cities evolved into nations and those nations into empires, plunder by trade was plunder by both raids and trade was practiced. Plunder by trade has been the dominant feature of world trade since WWII. But the developing world is now aware and that structure of world trade may soon be history.

In parallel those same 700 plus years, they established capitalism. Those property rights laws were little more than the aristocratic system (exclusive title to nature's resources and technologies) hiding under benign names. Identical to aristocracy, capitalism's property rights laws laid claim to, or wasted, at least half the wealth produced.

Impoverished nations poised to take control of their resources and destiny threatens to collapse the plunder by trade structure. Such a collapse of trade norms will shatter the property rights law structure within capitalism's internal economies.

That would be the opportune moment to replace monopoly capitalism's property rights laws with Henry George's economic principles which have the potential of providing a quality life for all within 50 years, and all while reducing employed labor time outside the home to 2 to 3 days per week.

Once Henry George's principles have been applied to an economically viable nation or region, the classics on economics, reverently taught in today's classroom, will stand exposed as justifications for the unequal and unjust property rights laws put in place the past 700 years, not philosophies for efficient economic systems.

In a properly established banking system, through adjustments in required reserves rather than changing interest rates, there need be no inflations or deflations. Created debt-free money can build most infrastructure, increasing required reserves in step with that money creation maintains a stable money supply.

That proper banking structure can stop an economic collapse in its tracks. It can also rapidly industrialize undeveloped regions of the world. Along with eliminating all other monopolies it can, as addressed above, reduce the workweek to 2 to 3 days per week with no loss of food, fiber, or shelter. World poverty can be eliminated in 10 years and a quality life for all can be attained in 50 years

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Item Specifications...

Pages   500
Est. Packaging Dimensions:   Length: 9" Width: 6.1" Height: 1.4"
Weight:   2 lbs.
Binding  Hardcover
Release Date   Jan 1, 2008
Publisher   The Institute for Economic Democracy
ISBN  1933567112  
ISBN13  9781933567112  

Availability  113 units.
Availability accurate as of Oct 28, 2016 02:24.
Usually ships within one to two business days from La Vergne, TN.
Orders shipping to an address other than a confirmed Credit Card / Paypal Billing address may incur and additional processing delay.

More About J. W. Smith

Register your artisan biography and upload your photo! Director, Institute for Economic Democracy

J. W. Smith was born in 1930.

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Product Categories

1Books > Subjects > Business & Investing > Economics > Economic Policy & Development
2Books > Subjects > Business & Investing > Economics > General
3Books > Subjects > Business & Investing > General

Reviews - What do customers think about Economic Democracy: A Grand Strategy for World Peace and Prosperity, 2nd edition?

Economic Democracy a grand strategy for world peace & prosperity  Jun 19, 2008
This is an excellent, a very comprehensive study of the subject.
The logical and mathematical detail provided and the
specific instances sited make it well worth not just reading but
carefully studying and retaining as a reference source on the
very pragmatic side of these subjects, not just as they are presently
found but how they must evolve if life on this planet is to evolve as
it should.
The End of Tyranny  Feb 9, 2008
Middle class Americans, who have labored so long under the tyrannical illusion of the so-called "American Dream", should treat this book as a once-in-a-lifetime opportunity to free themselves from the burden of failed expectations, and rediscover their hope for a better future. For those of you who think you know enough about economics already, do yourself a huge favor and read this book, if you're up to having your tidy little world turned upside down. Why? Because it ruthlessly parses the pernicious canard at the heart of traditional neo-liberal economic theory - private property rights. Even more importantly, it includes a comprehensive, practical guide for the evolution of our current capitalist system into a more humane and just one, one that would provide a means for everyone, regardless of education or race or status, to prosper within. And this is great news at a time when the sub-prime crisis threatens to drown us in a full-blown depression.

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