Voodoo Economics

I am all for the various Occupy groups drawing attention to greed and corruption, etc - but I am still waiting to hear what solutions would satisfy them.

OK, taxing the rich, capping the maximum salaries, doing something about unearned bonuses, etc. Fair enough.

Unfortunately, as far as I can see, people have also maxed out their own credit, and seem to prefer the model of 'living well' - resisting the idea of frugality, tightening yer belt, rationing - sounds like 'socialism', maybe.

However, I still have confidence in Bucky Fuller's calculations that we already have enough resources for everyone to live comfortably and well, but the resources need redistribution.

 Bill Hicks put it clearly:

I had a vision of a way we could have no enemies ever again, if you're interested in this. Anybody interested in hearing this? It's kind of an interesting theory, and all we have to do is make one decisive act and we can rid the world of all our enemies at once. Here's what we do. You know all that money we spend on nuclear weapons and defense every year? Trillions of dollars. Instead, if we spent that money feeding and clothing the poor of the world, which it would pay for many times over, not one human being excluded ... not one ... we could as one race explore inner and outer space together in peace, forever.

So I guess we need to tackle more than the money men. When I was a kid in the UK I thought it would have seemed like a great and bold move for the UK to unilaterally disarm, and join the small nations who do not spend huge sums on nuclear weapons that no-one was ever going to use. It took a couple of decades for the USSR to collapse. We spent unmentionable amounts of money making arms that would never ever get used - meanwhile dismantling the National Health Service and other great supports for all citizens.

The stupidity of all that still appals me.

I think we need something drastic. If we really did consist of 99% of the people, then the Permanent Universal Rent Strike would work. We all just stop paying mortgages and rent. What can do 'They' do, evict us all?

Then we have the Permanent Universal Tax Strike, until governments begin spending what they collect on the stuff we actually want.

Alternative currencies and LETS schemes, etc - trading skills and materials without them passing through money channels.

We might consider forgiving ourselves our debts, just as we write off Third World Debt. We just all declare ourselves bankrupt, and the debts unreclaimable.

Just riffing, you understand.   I don't really expect 99% of the people to act together, sadly.

'They', the 1%, after all, carry on playing the 'print more money' model (in electronic versions) knowing full well that devalues what remains in circulation. They play at Voodoo Economics and convince us that money 'is' finite, resources are too limited, and all that.

[Update]    Here's food for thought (thanks to Vincent for the alert): Revealed, the capitalist network that runs the world, from the New Scientist.