[GJM] Workshop on Finding consensus for transforming ecologically hostile finance system/ capitalism

[robert searle]

Dear Mu,

       This looks rather interesting. I hope it
succeeds. However, I need to say the following...which
needs to be properly grasped again if possible...


I would argue that capitalism does not have to be an
"...ecologically hostile finance system.." Au
contraire with Transfinancial Economics corporations
would be willing to reform their technologies to
something more eco-friendly. In normal circumstances,
this would be too expensive probably. However, with
TFE special business NGOs concerned with corporate
responsibility would be able to order the creation of
new unearned money, or massive business grants (ie.
non-repayable), This would do the tricks so speak, and
any losses entailed by sharehoders could also be
compensated.

As one may realize it would be in the interest of
corporations to help bring about a tax, and interest
free economy into the world because it would mean that
any green products, and services they might also
produce could be subsidized by new unearned money. If
this were done in the "normal" manner they might not
be able to achieve high profit margins...which is
after all what they are really concerned with.

Moreover, interest free loans could be produced. Yet,
banks would still profit because the interest on them
would be paid for by new unearned money created by an
independent public authority. This has already been
explained along with the other matters.

I know the above may seem outrageous to ordinary
monetary reformers but we also have to have the
intelligence, and vision to understand the following
points.


i)Time is running out for humanity, and there is now a
desparate need for an advanced financial system that
can lead to local, national, and global
sustainability. Simply confronting the corporations is
largely a waste of time. It is necessary for them, and
for us for them to WORK WITH US. 

The question is Why? The answer is simply they would
have the power, and influence to bring about an
interest, and tax free economy alot quicker than would
be otherwise (ie opposition to them). They would
realize that TFE would benefit them, and their
shareholders because the new financial order would be
such that genuine sustainability plus real profit
would be in the interest of everyone rich, and poor.

ii) It is also largely a waste of time confronting
banks as they themselves are a form of transnational
corporation. If however they could have interest
created for them instead of robbing the customers then
they too would become popular. Indeed, their other
services charges could become free, and financed in a
like manner.


>From the point of view of the above super businesses
the downside of it all is that NGOs concerned with the
moral dimension to do with their actions (especially
in the past) could be challenged on an equal playing
field. Thus, if banks were reformed in the way
discussed here they still could be a target for
interest free monetary reformers as NGOs which would
be largely financed with new unearned money. This is
the "Trojan Horse" aspect of TFE but if banks, and
corporations act positively in the world then they
could become more respected. Thus, challenges of a
social, economic, and political nature may be lessened
rather than increased.........

What I am referring to here is ofcourse the Positive
Engagement with Banks, and Corporations. It is the
fastest route towards sustainability of the planet,
and the very survival of the human race itself. Though
this site favours Negative Engagement with Banks, and
Corporations this is a great mistake, and dumb in
extremis. Whether we like it, or not we may have to
all eat humble pie!! 

There are other aspects to this subject which I cannot
discuss. Incidently, as far as I understand
corporations do actually receive business grants but
with TFE these are far greater, and more powerful, and
would be geared to bring about environmental
sustainability, and other matters of global import.


Robert Searle


     Regards,


          Robert Searle.


--- Muhammad Mukhtar Alam <mukhtaralam2000 at yahoo.com>
wrote:

> Dear colleagues,
>    
>   Please find attached the form for information. I
> will be writing more later. I would like to seek
> more support for the workshop.
>    
>   Dr.Muhammad Mukhtar Alam
> 
>  				
> ---------------------------------
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