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An Innovative Credit Free, Free Market Post Crash Economy

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Because participation in our system is free and even does not preclude participation in the credit based economy it will not impose the rule of the majority therefore preserving freedom to its highest extend.

There can be no freedom for people whose only purpose in life is survival. By making maximisation of revenues less of a life and death preoccupation there will be more freedom to chose what do do with our lives and increase our education, which lately has become inequal and production oriented destroying slowly what constitute a civilization.

Credit score is an excuse to collect a vast amount of private data that endangers our individual freedom.

Freedom is better exercized when the people, and not an exclusive cast, gets the freedom to chose what is produced and how.


The pervasive increase in theft and violent crimes, including "terrorism", finds its roots in the fight for survival which makes us behaving like animals.


By increasing the leverage of the workers we will unleash their creativity and productive capacity by increasing their importance and decreasing the contempt for them in the society.


That system being fairer it will satisfy the most radicals among the liberals and by preserving freedom and diminishing the role of government it will satisfy the most radicals of the libertarians.

Political, Social, and Military Consequences:

Providing that alternate economy is specially important and urgent as we all know what are the consequences of a systemic faliure of the economy: xenophobia, racism, antisemitism, anti islamism, all sorts of discriminations, social and political disruptions, military adventurism as we have already experienced as a consequence of Black Thursday and the Great Depression that followed, which caused the start of the raise to power of Hitler and Nazism.

It is therefore of the uttermost importance that we implement an alternative to the Deep Depression.

The Future:

Our economy being based on a free market, although it is mathematically sound and plausible no one can precisely foresee what it will look like . However it is expected that it will restore fast the level of economic transaction that was necessary to support the economy and estbalish order in the functionning of the society.

On the long run it is expected that it will provide a better more cooperative and prosperous society.

Its success depends on the psychological adaptation of people which is now impossible to foresee.


Its success will depend mostly on our animal spirit:

Even apart from the instability due to speculation, there is the instability due to the characteristic of human nature that a large proportion of our positive activities depend on spontaneous optimism rather than on a mathematical expectation, whether moral or hedonistic or economic. Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as a result of animal spirits -- of a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities. Enterprise only pretends to itself to be mainly actuated by the statements in its own prospectus, however candid and sincere. Only a little more than an expedition to the South Pole, is it based on an exact calculation of benefits to come. Thus if the animal spirits are dimmed and the spontaneous optimism falters, leaving us to depend on nothing but a mathematical expectation, enterprise will fade and die;-- though fears of loss may have a basis no more reasonable than hopes of profit had before.

In Context.

Men and nations behave wisely once they have exhausted all other alternatives.

We see several reason for adopting that system.

What are these?

First we have no other choices.

What are the others?

These are irrelevant given the first one.

Revolution or Evolution:

Being progressive and non violent that system is a necessary evolution if we want to prevent the extinction of the homo economicus. It is not meant to replace the present system but to provide a large increment of investment and consumption.

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Is the fulfilment of these ideas a visionary hope? Have they insufficient roots in the motives which govern the evolution of political society? Are the interests which they will thwart stronger and more obvious than those which they will serve?

I do not attempt an answer in this place. It would need a volume of a different character from this one to indicate even in outline the practical measures in which they might be gradually clothed. But if the ideas are correct -- an hypothesis on which the author himself must necessarily base what he writes -- it would be a mistake, I predict, to dispute their potency over a period of time.

At the present moment people are unusually expectant of a more fundamental diagnosis; more particularly ready to receive it; eager to try it out, if it should be even plausible. But apart from this contemporary mood, the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else.

Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.

I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas. Not, indeed, immediately, but after a certain interval; for in the field of economic and political philosophy there are not many who are influenced by new theories after they are twenty-five or thirty years of age, so that the ideas which civil servants and politicians and even agitators apply to current events are not likely to be the newest. But, soon or late, it is ideas, not vested interests, which are dangerous for good or evil.

In Context.

Money is too Dear (by Te'le'phone):

Take a child
make him a king
Cover him with gold and diamonds
Hide away while you wait
You won't wait too long
The vultures turn around the child
Dough has sharp teeth
And the hyenas will devour him
The kid will become a banker
Or the kid will be washed up
I say, money (also silver), too dear,
too big
Life doesn't have a price
have a price (x2)

Take your best friend,
Make him a foe
I buy you and I sell you
Wallowing in the coma of common mortals
Buddy, you're like a rat,
you are common it's deadly.
The vultures turn around always
Shout No to slavery
And buy them new cages
Install beaches
Where start the wrath,
the wrath
I say, money, too dear,
too big
Life doesn't not have a price
have a price (x2)

One account blocked,
The other overdraft.
Now, bank!
The vultures turn around us now.
You have some, you don't have any
You don't have really a choice
A brick wall in front of you It is time,
spend yourself,
spend yourself
I say, money (also silver), too dear,
too big
Life doesn't have a price
have a price (x2)

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Shalom Patrick Hamou Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I have an engineer diploma from Ecole Centrale de Lyon (France) and a MBA from Boston University. Since 1986 till 1994 I have worked as a broker dealer on the French Domestic Fixed interest market. Since the spring of 1994 I have worked on the (more...)
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