Outline of 'Gaia Brain Paradigm'
John: How do you like my outline of an alternative paradigm that responds to the problem of an unstable economic system? (Written in response to an opinion piece in the NY Times) "Manipulation of money supply by central banks is a clumsy patch for a defective economic system. (All of civilization suffers from the defect of dishonest prices and failure to share natural wealth. They all attempt a fix by manipulating the money supply.) A naturally stable system would emerge IF we respect PUBLIC property rights along with PRIVATE property rights. We would poll the people, to discover what limits on emission of various pollutants should be set, & what rates of extraction of resources should be allowed, and we would charge fees to industries (or sell a limited number of permits at auction), guided by poll results. Proceeds from fees (representing the value of what we all own together) would be shared to all people, to each an equal amount. The system would naturally dampen an expa...