Resource Based Economy – A New Aproach
“It is no measure of health to be well adjusted to a profoundly sick society”
– Jiddu Krishnamurti –
Society today, is composed of a variety institutions. Political institutions, legal institutions, religious institutions, institutions of social class, familiar values, and occupational specialization.
It is obvious, the profound influence these traditionalized structures have in shaping our understandings and perspectives. Yet, of all the social institutions, we are born into, directed by, and conditioned upon.. There seems to be no system as taken for granted, and misunderstood, as the monetary system.
In a world where 1% of the population owns 40% of the planets wealth. In a world where 34.000 children die every single day from poverty and preventable diseases, and, where 50% of the world’s population lives on less than 2 dollars a day… One thing is clear.
Something is very wrong…
“Greed and Competition are not the result of immutable human temperament… greed and fear of scarcity are in fact being created and amplified… the direct consequence is that we have to fight with each other in order to survive.”
Bernard Lietaer, Founder of the EU Currency System
To understand what is wrong about todays economy one has to understand the fundamental mechanisms that drive capitalism, the profit system and competition. What is it exactly that maintains that competitive profit system?
Is it high efficiency and sustainability? No. Although that is what one would assume that is not part of its design. Nothing produced in our profit based society is even remotely sustainable or efficient. If it was, there wouldn’t be a multi-million dollar a year service industry for automobiles. Nor would the average lifespan for electronics be less than three months.
What about abundance? Even with limited economical understanding it is obvious that it is not not. Abundance, as based on the laws of supply and demand, is actually a negative thing. If a diamond company finds ten times the usual amount of diamonds during their mining, it means the supply of diamonds has increased, which means the cost and profit per diamond drops.
The fact is; efficiency, sustainability, and abundance are the enemies of profit. To put it into a word, it is the mechanism of scarcity that increases profits.
It is important to point out that regardless of the social system whether fascist, socialist, capitalist, or communist. the underlying mechanism is still money, labor, and competition.
As long as those values define our world there will be no real progress. War, poverty, corruption, hunger, misery, human suffering will not change in a monetary system.
Todays post will provide a first basic introduction and comparison between this existing Market Economy and a new economical approach called Resource Based Economy. There will be more posts going more in to detail contemporary.
Resource Based Economy
What humanity really needs instead is a system that is concerned with people and their well-being. Jacque Fresco ( 1916) structural designer, architectural designer, philosopher of science, concept artist, educator, and futurist dedicated his life to creating such a system. In the Venus Project Jacque is working with several other professionals, the project aims to restructure society through worldwide utilization of a theoretical design that he calls a resource-based economy.
Economic Attributes Compared
Essential about this new introduced system is, that its is not based upon a monetary system. One might argue, that society will lose its incentives as there is no monetary motivation anymore. The answer to this argument might be quite shocking and heroic at the first glance.
A resource Based economy assumes that on earth we do have enough resources and technological understanding to create a society of such abundance, that everything we have now could be available without a price tag and without the need for submission through employment…
The following table compares todays economy and the resource based economy.
||Resource Based Economy|
|Infinite Growth||Steady State|
|Labor for Income||Mechanization|
Market efficiency vs Technical efficiency
To conclude this first post, I would like to give one further comparison about what the word efficiency means in both systems.
“Market economy” – “Decisions are based on independent human actions through the vehicle of monetary exchange regulated by the pressures of Supply and Demand. Production and Distribution is enabled by the buying and selling of labor and material provisions, with the motivations of a person or group (the self- interest) as the defining attribute of unfolding.
“Resource Based Economy” – Decisions made directly based upon scientific understandings as they relate to optimized habitat management and human health. Production and Distribution is regulated by the most technically efficient and sustainable approaches known.
Haven’t had enough?
It is a heroic theory and unfortunately one Blog post is not remotely enough to deliver its complexity, but please feel free to use the attached resources for further information.
Ted Talk on Ressourced based economy:
Zeitgeist: Addendum (Full move presenting the Ressourced Based Economy :
American self-educated structural designer, architectural designer, philosopher of science, concept artist, educator, and futuris