This is dynamite. Professor Richard D Wolff. Jon Stewart's brother by another mother. A brother with an economics degree and truth to tell in his own effective manner. The picture he paints is as artistic in its own way.
http://www.youtube.com/watch?v=R6zlZ1lgvnU
Jump in at about 29 minutes. The prior time was spent establishing the situation before talking about it. If you don't get it then start at the beginning. Its all good. I looked at the first 29 as a post script.
Interesting sidebar: He mentions that his talks are now being subtitled in different languages for others around the world. Real time closed captioning Natural Language Processing that I commented about previously has intelligence value for everyone in addition to the NSA! The post prior to this one also pertains. He is revising the Story We Tell About Ourselves. Since the depression era changes it is a story that was written for us more than by us. Fox's story today.
I seek structured monetary system design based on object oriented principals and OOP methodology applied to a problem domain.
Wolff describes the problem domain. He lights the fire with his narrative.
I study the problem and seek systemic solutions called new conceptual structures of money that facilitate what we as a nation want to do with it. Money is a social media decision making tool that we all use to determine our quality of life. If it is not a neutral tool then it cannot function to serve us all well. It is a tool designed to serve the few well and the rest of us to serve the same few better than we serve ourselves. Public Banking is about serving ourselves in a small way. It still works with money that is wrong by design of what money is: debt. It reduces the debt nature of money and therefore what it does but that is minor. Money by design must be debt free in its fundamental conception.
Richard Wolff is turns the lights on. Clearly, concisely.
So I struggle to define and describe a new monetary system. The technicality and logic of that effort will not light the fire although after the fire is out of control it might be a simple answer. What money is by design determines what money does. What money does is defined by our capitalist system. What money is has also been designed by the same system, the designer being banks, the cornerstone of Capitalism. Money is debt, created as debt. At the core of the concept is money with a minus sign in front of it to give us, through loans money with plus sign to us because it is money in our pockets but it is only there by virtue of the system that created it and the created it for their self interest, not ours.
Love his comments about the French interspersed throughout!!!! I have found his previous observations to be as excellent. Europeans are 16 Ways Better At Life.
Essentially it is our money, our nation. It has been taken from us. A crook is an artist when you don't know that what you have has been stolen. Maybe when all you have is a vague feeling that something is missing. Crooks win it all when the victims defined their right to steal. Who are they? The ones that laugh all the way to the bank. Some of the 99% are beginning to get the joke….it is on us.
Not funny.
When does a joker get scared?
When the audience does not laugh.
The next step is throwing things.
Give 'em the hook!
We paid to see the show but We own this show.
http://www.democracyatwork.info/
http://rdwolff.com/
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