The Economics of Prosperity

Prosperity is a natural human condition.

We have hands, brains, and natural resources; combine them, and we can produce the goods and services we need to sustain ourselves. Add creativity and invention; the combination results in productivity, the art and technique of producing more and better goods and services with less materials and labour.

As this trend progresses, so our prosperity increases. In theory. But it doesn’t happen quite that way, because the infrastructural tools and services which are essential to run a modern economy are either lacking, or abused. The Economics of Prosperity is a science in itself, requiring specific facilities and systems if it, and we are to deliver the prosperity of which we are naturally capable.

Here are four rules which, if put into place and observed, will create widespread and fairly distributed prosperity. It’s not rocket science, just plain commonsense.

But before the remedies, here’s a reminder why it doesn’t work right now.

THE NUMBER ONE ISSUE NOW:
The Banking System Un-Masked
How the banks have brought down themselves,
our economy and our government.

ONE: Project-Secured Investment

Establish a network of Region-based Industrial Investment Agencies; the Project itself, thoroughly researched and with ongoing monitoring, provides the investment security.
Independent from Government, Project-based Investment can create jobs, expand and improve industry, and finance public infrastructure – without adding to the deficit.

TWO: Maximizing Quality and Productivity

Everybody working, everybody working productively – the simple formula for prosperity.
The Regional Investment Agencies provide secure, committed investment, but on condition that the recipient business applies and maintains the highest standards in design, production and labour relations.

THREE: Better Government – less cost
Governments have become secretive, arrogant, oversized, inefficient, and costly. Hardly surprising, since they lack the discipline of competition and customer rejection which drives the private sector.
Good government should not reduce service quality or raise taxes, but increase productivity, which delivers more and better services at less cost. Industry does it; why not government?

FOUR: Millionaires and Unemployment
A Fair Day’s Pay. A single standard system of Job Evaluation provides a fair and stable relationship between work and reward. This works through to prices when coupled with profit ceiling.
Spinoffs: expansion to consistently full employment without inflation, and your money buys more each year not less. Yes, really. Work Evaluation: the Science of Social Justice.

The answers are here.
And it’s not Rocket Science.
Four Steps to Financial Reform, Stability and Growth
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