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Humanistic Economy vs. finansocracy

By Peter Palms  Posted by Peter Palms (about the submitter)     Permalink
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The first version of this paper ("Humanistic Economy Concept")
was published in 2008 in a Web Journal "New Paradigm".  

This new version of the paper is supplemented with some additional facts and arguments. This paper is neither about charity and welfare works nor about introducing more humanistic details or features to the existing economy. It's about the economy of the future if it materializes - since the existing modes of economy and civilization are incompatible not only with sustainability but also with the survival of civilization itself!

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I believe the humanistic details will be comprehensively dramatically introduced to the exiting economy before 2034 and most likely significantly sooner through collapse of existing economies and their radically change through revolution so I would not categorically rule out that this paper might be about that as well. 

Of course the current economy of parasitism and exploitation theoretically may have some chance to survive somehow if it is able to reduce harmful environmental impacts and to smooth over other conflicts and contradictions,  but it means only that although parasitism on the Nature/Environment may be decreased significantly the exploitation of people will continue and may become more severe.

Historically when this exploitation reaches the level of Czarist Russia, The Kingdom of France, The United Kingdom (India and America) it results in revolution. But in today's new global economy the revolution might also be global. With the internet the usefulness of weapon in retaining power for a minority has evaporated as described in :

Cyber War, for which there is presently no defense (replaces Nuclear War. 1 hour video ESPN of Richard Clarke, White House Counter-Terrorist Staff under 4 Presidents

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and also described in

NASA held its first information technology 08/22/2010 summit. Speaker at the second day included Internet pioneer and Google Vice President Vint Cerf, who shared his thoughts about the past and future of the Internet, including the possible creation of an interplanetary network. Mr Cerf has been called  one of the founders of the Internet.  President Clinton presented him with the United States National Medal of Technology for his founding of the Internet. He received the Allan Turek Award, also sometimes known as the Noble Prize of Computer Science. President Bush presented him the Presidential Medal of Freedom for his work, which is the highest Award given to an American citizen

Many of the ideas and concepts stated below may sound revolutionary but please don't consider them as my appeal for immediate socio-economic revolution. If I appeal to anybody for anything it is for a mind revolution, which in turn will be followed by changes in "real life": economy, politics etc.

President Bush succeeded prior to leaving office to bring about a new law that for the first time in the history of the United States of America now permits the armed forces of the USA to be used INSIDE the USA for purposes of maintaining order.

Any attempt to employ the armed forces of the USA against the population of the USA most likely would result in the armed forces choosing to side with the American people.

The last 200 pages of "The Creature from Jekyll island" 5th edition released September 2010 (24th printing) indicated that reversal of the path to collapse is likely to be irreversible as describes the actual debt of the USA as $202 trillion. It is difficult to comprehend such numbers. If you had a stack of $100 bills 101.6 centimeters high, you would be a millionaire. $202 trillion would rise over 204.343 thousand miles into space. By the time you read this, after the expenditures of subsequent administrations that stack has reached the moon

I "invented" the term "Humanistic economy" independently (when I was invited by Dr. Michael Ellis to contribute to above New Paradigm Journal in 2008) but after browsing in the English and Russian Internet I've found that of course I am not the first who has started to apply this term. However, despite unavoidable resemblance to other ideas and views there is no one fixed or commonly accepted concept of Humanistic economy since of course it's a rather new concept which is being developed by just a few economists.

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Total circulation of 24 printings of "the Creature from Jekyll Island"

Numbers in the hundreds of thousands developing this new concept.

What I have read about "humanistic economy" is mostly a fragmentary recommendation to correct certain economic problems.
In January of 2011 I read an article published by Irene Nygеrdsvik: "A HUMANISTIC ECONOMY -Life-enriching businesses with life-enriching bottom lines". Conceptually her thinking resonates with mine. She stated, inter alia: "In a capitalistic economy 'the business of business' is to make profits. In a humanistic economy 'the business of business' is to enrich the lives of the owners, the employees, the customers, the suppliers, and also to be an enriching force in relation to the local community, the global community and to nature". She provided a sound comparison between "a capitalistic economy" and "a humanistic economy" and also gave examples or appearances of a humanistic economy within dominating capitalistic economy. However, political and hidden power background of the modern (more and more globalized) economy was not considered in her article, I mean the stranglehold of finances (financial institutes, instruments and their holders/owners) and the virtual economy.  

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