Demurrage
Demurrage is part of the wider system called EnMo economics. In this model the main business of the state is ensuring that people have enough of everything they need of essential goods and services. To this end the state ensures that anyone who wants to work is able to do so, helping to provide those essential goods and services.
There are a couple of basic concepts to understand before explaining a little detail about demurrage.
There are two main problems with existing monetary theory. The first is serious, the second is mainly a technical administrative issue.
The first and most serious problem with monetary theory, which is seldom directly addressed, is the fact that money supply is nearly always controlled by a super-rich and powerful minority and, more to the point, is nearly always controlled in such a way that suits the personal interests of the super-rich and powerful – not the interests of society as a whole.
EnMo economics is an economic theory that suggests the proper role of the state in the economy is to ensure that all its people have Enough of everything they need to live secure, comfortable and happy lives, whilst also ensuring that the private sector is able to supply more in terms of non-essential products and services. This is a very important but quite simple distinction to make — although there would always be some unimportant blurring at the edge where essential meets non-essential.
Dennis Trainer Jr. (of AcronymTV.com) recently appeared on Abby Martin’s “Breaking the Set“.
Mr Trainer spoke about the anniversary of the Occupy Movement and was suggesting the Movement now focus its efforts on the issue of climate change. I think he was mistaken.
Episode 519 of the Max Keiser show was aired on British TV screens on 5th November. Mr Keiser’s background and experience is in economics in general and financial services in particular. The first half of his show is invariably given over to kicking banksters and their political enablers with his interlocutor and co-host, Stacy Herbert.
