[GJM] POSITIVE ENGAGEMENT WITH BANKS, AND THE CORPORATIONS. A TRANSFINANCIAL AGENDA.

[robert searle]

Dear All,

       I feel that if we are honest with ourselves our
approach to bring about interest free monetary reform
is probably flawed, and doomed to failure. There is
another approach to this problem which is far more
likely to succeed. 

In Transfinancial Economics I refer to it as the Soft
Option for Reform. It would fast-track the whole
process for change. 

However, monetary reformers would be horrified by the
proposition, and yet, it is arguably the best, and
easiest way forward. Essentially, it can be viewed as
a compromise in which banks would still make profits
but without interest. On the other hand, corporations
would receive huge grants on the understanding that
they convert their factories into something which are
enviromentally friendly using clean, renewable, and
efficient energies.

To a certain extent, I have discussed the above before
but I do feel it needs to be highlighted again because
of its importance, and could prove to be politically,
and economically acceptable to use Rodneys words.



THE SOFT OPTION OF REFORM.




                  BANKS.


       Banks could still make super-normal profits via
interest on loans. Yet, this money could be
self-created by independent public authorities based
on business records. In other words, the customer only
pays the principal. There is also another possible
approach.

Part of the principal of the loan being paid off by
productive capital from the customer could act as
profit, but interest is not paid. 

As said before monetary reformers in the main would
find this morally reprehensible but what is the
alternative if any which is going to succeed?? It is
no good saying that one is "selling out" to the super
rich because this would achieve nothing. But interest
free loans would benefit all. The key argument is
this:-


     Are the profits made by banks more important than
the speedy introduction of interest free loans which
could transform society?

     I repeat WHAT IS MORE IMPORTANT?



CORPORATIONS.


           Similiarly corporations could have their
factories converted to advanced, and "complex" forms
of sustainable technologies without fear of loosing
huge profits for their shareholders. With massive
grants via relevant NGOs, and/or governments this
would be possible plus any relevant compensation.
Trying to use green taxes, and fines for reducing
polluting emissions, and other relevant environmental
damage is a very limited approach but with
Transfinancial Economics we have quite a different
ball game....



    And it ALSO MEANS THAT BANKS, AND OFCOURSE
CORPORATIONS ARE MORE LIKELY TO FUND A POLITICAL
CAMPAIGN FOR THE INTRODUCTION OF TRANSFINANCIAL
ECONOMICS IN THE WORLD WITH THEIR HUGE DONATIONS TO
THE RELEVANT NGOS.





Workers wages especially in the Third World could also
be supplemented by new unearned money. This  along
with environmentally friendly technology would help
the profitability of the corporations, and stimulate
greater investment.

With the present financial system such arrangements
could be largely impossible..............


Ofcourse, the critics would say that this like the
banks would be "selling out" to big business.....

 This is true but WHAT IS MORE IMPORTANT?


        Is it more important to save the environment,
and indeed, the planet from total resource scarcity,
or to try, and reform the corporations by negative,
and very limited tactics by certain NGOs???


It would be far wiser, and more intelligent an
approach to get the banks, and corporations on our
side but in a way in which both would benefit. It is
perfectly possible in the light of what has been said.
But, it does require us to try, and get off our moral
high horse...if possible ofcourse!

What is at sake here at the end of day is actually the
survival of humanity as a race. Time is running out. A
new understanding of capital will achieve so much more
than we can imagine. 



R.Searle 

http://kheper.net/essays/Transfinancial_Economics.html






         





		
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