The blog of a North Country Swede!

Monday, October 10, 2011

Two basic marketplace principles

     There are two basic marketplace principles that we the workers—the folks who work for a living using our minds and bodies producing goods and services for the marketplace—should be able to support. Our support for these principles should come even while we are divided by the acrimonious debate among ourselves in response to the "divide and conquer" strategy of those who control the wealth we produce. Needles to say, I call them "the controllers."
     These two principles apply to our market economy, and it is my strong belief that a market economy where goods and services—the "real" wealth of a nation—can be freely produced and exchanged, bought and sold via the medium of money—is the best by far for the common good.
Note: If you have trouble with any of this so far and you work for a living—I mean doing work that produces real value/wealth, not work that controls the value/wealth produced—then you have been thoroughly brainwashed—in my humble opinion—by the controllers—aka from history as the "plantation owners"—on the one hand or the anti-marketplace activists on the other. And, yes, these labels may need further explanation.
     The first principle is that in a market economy where we have to exchange goods and services via the medium of money—which I believe maximizes efficiency in the exchange—in order to live, every able-bodied person willing to work must have a job that pays at least a living wage. A "job" is doing work for an enterprise—that could be oneself—that produces goods or services that have real value—create wealth—in the market economy in which the enterprise operates. For these purposes government is an enterprise.
     The second principle is that in a market economy all costs of producing the goods and services must be matched to and taken from the income received in the exchange of these goods and services. Simply put, I can't dump the waste from my farm, factory, mine, store or other enterprise on you and then expect you to pay for the harm it causes to you. To do otherwise is to capitalize income and socialize cost.
     I would suggest that if we the workers would concentrate our efforts on maximizing the effectiveness on these two market economy principles we would go a long way toward creating equitable economic justice and maximizing the common good. Assuming that by "common good" we mean "of benefit all of us." 

Addendum October 13, 2011. Edited December 31, 2011: And yes, FDR presented an "Economic Bill of Rights" to the U.S. Congress in 1944. It included:
 The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;
 The right to earn enough to provide adequate food and clothing and recreation;

The right of every farmer to raise and sell his products at a return which will give him and his family a decent living;

The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
 However, it had four more rights, enough to get us arguing among ourselves under the "divide and conquer" strategy of the controllers.

The right of every family to a decent home;


The right to adequate medical care and the opportunity to achieve and enjoy good health;

The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;

The right to a good education.
In these last four rights, the controllers picked their strongest points in rebuttal of FDR's Economic Bill of Rights and fought it to a standstill. I believe the two principles I have set forth—the first principle being the focus of the first four of FDR's Economic Bill of Rights and are nothing new and my second principle based on elementary fairness—are overwhelming supported by we the people and if adopted into the legal fabric of our nation—we are a nation of laws—then we will have laid the cornerstone of equitable economic justice. And without them, we will continue to to suffer the deleterious vicissitudes of the monopoly side of capitalism.

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