The current economic reconstruction/bail-out packages which have been announced by the U. S. Congress are unlikely to generate the needed economic remedies. That is because the proposals have neglected to recognize that a program which is aimed at leading to expansion in the quality-of-life citizens, is much different kettle of fish from one that is aimed at promoting and reinforcing slavery to capitalism. Indeed, to put large sums of public money into a private banking system (that had been the author of its own economic troubles), merely reinforces the underlying problems that grow out of slavery to capitalism.
The proposed economic reconstruction/bail-out programs, essentially continue to completely overlook the fact that how successful economic development policy in the society has been, is not shown by the level of money income which people secure. Instead, the proposed programs continue the false view that the focus of government policy must be reinforcing the profits that corporations and the banking system are respectively able to make; at the same time that there is an indifference to the type of economic rot where the access of members of the society to components in behalf of their quality-of-living ignored.
It is the impacts of economic initiatives on how people are able to live, which show economic development outcomes. As a result, the economic development success from government economic reconstruction/bail-out packages, will be the eventually forthcoming changes in financially measured gross national product. Rather, it will be the mixes of outcomes (as time-use opportunities) to which people gain access, in their aim to secure enhanced quality-of-living from the economic management of their time, their resources, and their efforts.
That is because, substantively, where the prevailing system of formal and informal education has not already brainwashed them, humans as Conscious mind-guided entities aim to secure an awareness of informed participation in the remainder of the environment which houses their existence. That is why the success of their time-linked economic management efforts is not shown by the prevailing levels of commerce.
It is therefore my aim to point to the background and to the initiatives on which the Congress needs to focus, if its primary concern enhancement of the quality-of-living of the members of the society, rather than returning profitability to the banking system, and to large corporations.
The overall picture
For starters, it is necessary to recognize persons, as being sentient mind-guided entities. Furthermore, they respectively look upon themselves as being contributing parts of the societies in which they live.
However, the prevailing system of formal and informal education in respective western societies has conditioned them to focus on themselves as primarily being respective entities who are contributing to the tapestry of profit generation and financial earnings from their alternative mixes of choices of effort and time commitment that arise in the society.
Meanwhile, in testimonial to the path of human evolution, when persons make choices among alternatives to commit their effort and their resources, they also intuitively seek to reinforce their material survival, as well as to secure a mind-guided fulfilment.
It is these evolutionary achievements at which persons aim, to which they aim to give content in the quality-of-living to which they respectively seek to gain access. Additionally, the mix of capabilities that persons seek, are those which will enable them to access critical levels of services/attainments in behalf of their needs for food, clothing, shelter, health-care, security of person and property, and entertainment. They also seek opportunities to increase the verifiable understanding that they have about how their natural environment operates, and about how they may blend with its evolution.
Meanwhile, an environment of economic management which aims to reinforce slavery to capitalism, is one where its primary concern is to foster generation of outcomes that accompany buoyant commerce, as a result of items that persons and corporate entities have been “persuaded” to sell or to purchase.
A commitment to promoting or to fostering quality-of-life, (as the information-guided accommodation of persons to the evolution of their natural enhancement) is not a priority in a society that operates under slavery to capitalism. That is because this system of governance, is usually under the direction of persons that have been conditioned to focus primarily on accessible short term private financial quantity values. They end up overlooking features that are critical to human survival, and instead, concentrate on the financial results that can be generated to themselves and to their constituencies, from exploitation of the environment and of people.
The U. S. Congress therefore faces the challenge to decide which of those two economic development emphases (higher quality-of-living, or higher levels of aggregate commerce) that it is prepared to foster with its offered economic recovery/bail-out packages. However, a matter of mind-set is involved in the emphasis that will be promoted. Therefore, in facing the decision between choice of type of offered economic reconstruction/bail-out packages, resolution does not comprise a simplistic step of merely aiming to promote alternative mixes of production and distribution of flows of critical commercial outputs/services that will become cranked out. That is because the judgements that persons make about quality-of-life to which they have access, has its roots in the sentience in which we participate. It therefore has evolutionary roots in our cosmic existence as mind-guided entities that are aiming to pursue a preferred pattern of living as material survival.
This cosmic roots to the mind-guided appraisals that humans as sentient entities make about the economic management results from their choice making, emerges from a number of sources. In the first place, over the period of physical and mental maturation of humans, the joint impact of sentience and of cosmic mind, leads persons to recognize themselves as being mortal. Persons are also led to recognize that their lives consist of the operations in which they engage, or to which they commit their time for living (that is, themselves).
In acceptance of themselves as mind-guided entities, those persons who do not also accept themselves as being merely an empty random event in reality, begin frame mind-guided targets in their path of living, which they want their efforts to yield.
The economic reconstruction/bail-out packages that the U. S. Congress and its affiliated apparachnicks are setting out to frame, need to explicitly recognize that money-centred outcomes are neither the only nor the most important features that are in play. Program offerings and proposals must therefore accommodate to the reality that, (living-centred) time-use management priorities are at the base of the economic management strategies in which humans engage.
If the proposed economic recovery/bail-out programs are not designed primarily to promote slavery to capitalism, the forthcoming outcomes must therefore also be appraised in terms of what the impacts on the time-use opportunities of persons will be. In particular, the appraisals of forthcoming outcomes from the proposed economic reconstruction/bail-out packages, must be mindful that Conscious mind-guided persons are not merely aiming to achieve higher employment incomes. Rather, they are aiming to achieve (for themselves and for their heirs), a path of living as time-use opportunities, that they will be able to judge as being meaningful and worthwhile.
A Background to the Needed Revised Focus
Consider that, where brain deterioration or brain malfunction has not set in, people make economic decisions on the basis of an underlying understanding as to what their living is all about. Meanwhile, over their evolution (and long before the invention of money), humans have guided their actions by the understanding which they have framed as to what their living is all about.
Over the process of maturing, normal human beings frame an understanding of their reality, and of the opportunities for survival that it promises.
Historically, persons have drawn on that framed understanding, to make economic management choices regarding how and where they will commit their time. Therefore, where programs of formal and informal education have not been used to condition/brain-wash persons to focus overwhelmingly on financial-equivalent results, persons are likely to rank potential outcomes from their time and effort commitments, on the basis of the expected quality-of-life results on the living that they do.
In contrast, in a society where economic development is guided by slavery to capitalism, persons will be conditioned by the system of formal and informal education, to use expected private net financial-equivalent results to rank the potential outcomes from their effort and time commitments. As a result, whereas the society that aims to generate quality-of-life enhancement will use impacts on people to judge the appropriateness of potential economic results, the type of society that promotes slavery to capitalism, will make judgements about the results from economic development, on the basis of impacts on financial balance sheets.
Historically, prior to the ascendancy of the political emphasis that has been given to capitalism, humans have normally construed the economizing that they do, in terms of the results on the living that they do. As humans formed themselves into complex societies, they invented money as an implement/device to accommodate the necessary trade which accompanied division of labour.
However, although outputs are now expressed in net financial-equivalent terms, persons, as mortal entities (in contrast with corporations), draw on the background of time-use, as living, when they appraise economic outcomes. Therefore, it is what is happening in the lives of people (as time commitment options that they face), rather than what is happening to the balance sheet of banks or of large corporations, that should occupy the central focus of the achievement, at which the economic recovery/bail-out packages that the U. S. Congress proposes, must aim to deliver.
It follows, therefore, that notwithstanding the (statistically supported) tome about how “money matters”, that Milton Friedman presented in his Monetary History of the United States, the apparachnicks and their political masters, who are constructing the prevailing economic recovery/bail-out packages, need to focus on promoting the flow of services that will enhance the quality-of-survival of persons.
In spite of the rule system that operates under slavery to capitalism, the following must also be accommodated. As humans allow the guidance of mind to help them frame to frame their time-usage path (to an enhanced quality-of-survival/living), money, or control over money, should neither be seen (nor accommodated) as the economic task-master, that must be assigned the unquestioned right to orchestrate or to guide the resource management choices that become accessible to participating humans in the society.
That is because the overall economic management in any society (where slavery to capitalism has not been awarded the status of being a veritable religion), must be made in awareness of the critical fact that substantively, respective humans (as Conscious mind-guided entities), economize on how they commit (the allocation of) their time for living. By way of the mix of outcomes to which those time allocations lead, persons aim to secure preferred quality features to their forthcoming survival. Respectively, they seek to access and to manipulate technical features and components, toward securing their access to food, clothing, shelter, health-care, entertainment, security of person and property, and verifiable information about how their natural environment operates. However, they also aim at outcomes/opportunities in support of an informed bonding of themselves with existence as sentient beings.
The political and economic management directorate of any society, needs to bear in mind that the desire of persons (as mortal entities), is to secure a higher quality-of-living and to ultimately secure Human Development. Persons frame that target, out of the impact of sentience, and out of the junctions with cosmic mind that they have respectively evolved. The result is that, among the impacts that humans seek to experience or to generate (in concert with their time commitment interactions on their path to enhanced quality-of-living), are mutuality and empathy (rather than exploitation) with each other and with the natural environment.
Economic recovery programs that aim to promote Human Development, as the outcome from knowledge-guided time-use choices (that Conscious persons make), are invited to draw on the insights of the material which was elaborated in the book, Horace Carby-Samuels: Quality-of-Living and Human Development as the Outcome from Economic Progress; (Ottawa, Canada, Agora Cosmopolitan, 2007, ISBN 1897036353).
In contrast, with its emphasis on the achievement of private financial gain, slavery to capitalism legitimates and also promotes self-centredness, and also exploitation of other persons and of the natural environment. Arguably, therefore, if the operating banking system is not facilitating and complementing the access of persons to the technical components, that are in support of the mixes of opportunities in the mind-guided survival at which they aim, that banking system is essentially dysfunctional (in quality-of-living terms).
Yet, the revival of the banking system, which accompanies the Congressionally promoted economic reconstruction/bail-out package, is primarily aimed to promote the generation and/or the reinforcement of the profitability of the commerce-centred banking system. Arguably, therefore, in an environment where the quality-of-life attainment of persons is a priority, economic recovery/bail-out packages that aim to promote the revival of that type of banking system is of questionable societal value. Another feature of that type of banking system is that, one can expect that in its lending initiatives, the natural environment will be accommodated as being merely a domain which houses technical resources that in the name of entrepreneurship, “hustlers” may manipulate together with people, toward the generation of private financial profit.
Congress will therefore need to require that economic recovery packages may not be restricted to being supportive of formal and informal education programs, where members of the society are primarily conditioned to function in various profit-supportive roles (such as employees, customers, borrowers, and members of a public that can be bamboozled by advertising which is based on legitimated half truths).
Meanwhile, in their commitment to achieving the Human Development, and an evolution of their Consciousness, persons also seek to gain enhanced access to understanding and also to verifiable knowledge. Therefore, if persons are to secure enhanced opportunities for Human Development as one of the outcomes from proposed economic recovery packages (that aim to foster quality-of-life enhancement), The U. S. Congress (as well as other governments) will need to give due attention to the extent to which prevailing programs of formal and informal education make a priority out of cultivating and enhancing the capacity of persons to understand.
Undoubtedly, the knowledge-base which persons bring to what they are doing, is a critical feature in their ability to make informed choices as well as to execute understanding-guided living. A government which is committed to fostering quality-of-life enhancement, will therefore need to ensure that systematic barriers to knowledge acquisition by persons, are not put in place. At the same time, that government must also ensure that the prevailing system of formal and informal education and knowledge delivery, is not primed to condition people to overlook their heritage of mind, (because that is the heritage which frames the features which persons will select to give quality to the pattern of living at which they aim).
Governments will also be called upon to address additional matters, regarding the rules system which governs how the resource base of the society becomes available to deliver to persons the critical services in behalf of their access to quality-of-life enhancement.
In contrast, where slavery to capitalism is the economic development target, persons are primed by the system of formal and informal education, to look upon themselves as being fulfilled, in terms of how successful they have been, in chasing after the private acquisition of money. In that context, persons are primed/conditioned to see the achievement from their time and effort commitment, as being (rationally) validated by the level of financial-equivalent results that they have garnered, (from the market exploitation with which their efforts are associated, and therefore from the commercial-equivalent results).
Indeed, a most telling and most pernicious example which portrays the glorification of the financial focus, (and which also embodies the oversight of human values in the process of development appraisal), originated out of the University of Chicago in 1962 (under the initiation of T. W. Schultz, and his intellectual protégé Gary Becker).
In their presentation, which was highly acclaimed (by politicians and economists alike), Schultz and also Becker, argued the premiere capitalist enslavement proposition. Its substance is that, the critical exercise out of which the achievement of private as well as aggregate economic development is forthcoming, is (statistically) revealed in the enhancement in financial-equivalent output that arises in concert with the cultivation and the function of persons as being earnings-centred implements. Schultz then coined the (now widely used) term human capital, which was then taken up by Becker.
This term “human capital” was used to describe persons, (as human economic agents) who had been conditioned and manipulated by the western system of education, socialization, and on-the-job training, to behave consistent with the primacy of a private financial emphasis on their part.
Since that time, western societies have extensively propagandized the human capital focus. In their programs of formal and informal education and socialization, these western societies have therefore concentrated on strategies to make their citizens better money and profit generating implements, (who operate as competitors with each other and with produced machinery as well).
Implements, of course, do not have quality-of-life needs. Neither will it be necessary to train them to have considerations regarding community, nor regarding the expression of either mutuality or of empathy. These are not features that will arise between them (as implements). Therefore, where slavery to capitalism dominates,(as per the human capital emphasis), the imputation is that in economic reconstruction/bail-out packages, (and also in the economic development policy and programs of governments), any concentration on the generation quality-of-life results may therefore be legitimately abandoned, in favour of a concentration on the generation of higher levels of market-measured financial-equivalent output.
Meanwhile, governments that aim to promote quality-of-life enhancement can also draw on statistical data (not now being collected) to determine the extent to which prevailing aggregate economic development programming is enabling persons to access critical mixes of services in behalf of that outcome. At the same time, the economic analysts that work for governments, have a doorway to move their focus away from performance appraisals that are based on capitalist enslavement. However, to do so they will need to return to the insights on economic performance appraisal, which the English neo-classical economist Alfred Marshall had provided.
Marshall had pointed out that when persons judge the jobs which they will select, they normally go beyond what the money-wage data show. He pointed to the presence of what he called “real income” components (not an inflation-adjusted price level feature), which enter into appraisals that persons make about the yield from work and employment. He stressed real income, as being what we are describing here as a measurable living-centred achievement, that respective persons secure from their time and effort commitments.
Based on that insight by Alfred Marshall, the extent to which economic reconstruction and bank bail-out packages cause people to be “making money” again, is a dubious indicator of the substantive contribution to economic development performance which these Congress supported packages may have provided. Instead, because persons are seeking to have access to outcomes that enable them to meet their quality-of-life requirements, appropriate results will show up in the presence of social infrastructure which facilitate their access to mixes of services that will deliver adequate levels of food, clothing, shelter, health-care, security of person and of property, entertainment, and access to verifiable information-guided knowledge.
An analytical focus on the delivery of a people and associated living-centred achievement context, (such as that to which Alfred Marshall had alluded), was elaborated by Horace Carby-Samuels, in his book entitled Quality-of-Living and Human development as the Outcome from Economic Progress; (Ottawa, Canada, Agora Cosmopolitan, 2007, ISBN 1897036353).
Meanwhile, the overall message here is that citizens need to remind Congress that the institutional economic responsibilities that governments have, are not limited to ensuring that matters operate consistent with relationships which make a banking system profitable. Rather, governments also have the responsibilities to ensure that the system which is in place, operates with integrity to complement the enhancement in the access of persons to the wherewithal out of which quality-of-living of people is forthcoming.
The effectiveness of the economic reconstruction/bail-out packages which Congress has put forward, must therefore also be judged in terns of what impact these initiatives are likely to have on the living-centred real economy, where persons budget how they allocate their time for survival.
Yet, the indications are that, currently, the prevailing western governments appear to be quite content to provide the institutional background that complements capitalist enslavement.
Recall, for example, that it was the very legitimate attempt of capitalist mortgage brokers to make a profit (even though out of questionable financial transactions), together with the normal profit-centred attempts of banks to generate income out of trade in commercial paper; which led to the current economic malaise.
It is therefore not an appropriate economic remedy strategy for Congress to throw in more currency toward re-capitalizing the banks (so that they can generate more profitable commercial paper), while at the same time the system of economic performance appraisal continues to ignore the extent to which the quality-of-life achievements at which persons aim, are also being serviced.
Bear in mind, also, that in their normal capitalist-directed business operations, banks turn debt, into money, through their normal lending operations, where they primarily emphasize investments which promise to yield appropriately high levels of financial profit. The current government recapitalization of banks, is therefore primarily aimed at promoting a flow of activities which will accompany the profit earnings of the banking system.
If the economic reconstruction/bail out programs which Congress has created, financed long term results, (such as programs of formal and informal education that promote mutuality, empathy, and preservation of the natural environment; and also fostered infrastructure which aim to enhance the access of persons to opportunities for an information-guided high quality-of-living), they will be defensible in both economic and moral survival terms.
by Horace Carby-Samuels