I agree with Whitman about the inflated salaries of the Union Leadership,
but I am not aligned with the Ownership Class that she speaks primarily
for, though not always to...
How can a Union Leader be sensitive to the plight of workers when
reimbursed so highly? Such highly compensated "workers" are more likely to
identify with the living conditions and opinions and views of the moneyed
elite.
We have to understand that the fundamental inflation brought about by
supply side economics has had a paralyzing effect on commerce by DRIVING
the prices of Real Estate, Capital, and forcing Organized and unorganized
Labor into the untenable position of demanding, but most often not receiving,
wages that allow workers to keep up.
We need to grab the economic bull by the horns by forming an all-inclusive
Equity Union from which we can deal with the fundamental Accounting
Principle that United Assets minus United Liabilities equals United Equity
and take the necessary steps to bring the costs of living back to earth and
work for a parity in wages, while working together to produce good jobs and
equity opportunities for all in an ecological economic redevelopment plan
that understands and adjusts for real world resource constraints.
In Peace, Friendship, Community, Cooperation, and Solidarity,
Mike Morin
Eugene, OR, USA
Showing posts with label equity union. Show all posts
Showing posts with label equity union. Show all posts
Wednesday, July 21, 2010
Thursday, December 17, 2009
Clarifying the Peoples Equity Union Concept
Collin,
Thank you for writing.
As you know, the banks not only charge interest, but most often issue a lien (i.e. they want collateral for the loan).
The entire Capitalist paradigm, whether it be in credit relations or equity relations, however inequitable the latter and former usually are, is based on the self-fulfilling, inflationary, and wasteful assumption called the time value of money, sometimes referred to as "the discount rate", which assumes that money will be worth less in the future. And, as we can see by the housing market, as the most burdensome example, eventually worthless.
Such a system sets off furious, irrational competition for businesses and institutions (I make the distinction because business can be productive and institutions tend to be exploitative) who set as their objective a "hurdle rate", "internal rate of return", "return on equity" rather than the meeting of peoples needs.
I have read Greco's book. I did not finish it. It started out good when he explained his personal history and intentions but deteriorated soon.
I am in favor of keeping the Treasury and eventually evolving to a world currency. The Federal Reserve should be abolished, although I am uncertain about the concept and role of "reserve notes". Thinking it through, it is an extension of the inflationary paradigm that I referred to earlier in this note. We must proceed very cautiously in phasing out or down such a system.
I strongly believe that we should redefine the credo word to be equity sharing, only because of the bad connotation that that credit has evolved to date. Equity sharing should replace "lending", equity trading, and equity investing.
I hope you comprehend and can appreciate and share this communication.
Please feel free to continue the conversation.
In Peace, Friendwalkin', Community, Cooperation, and Solidarity,
Mike Morin
Thank you for writing.
As you know, the banks not only charge interest, but most often issue a lien (i.e. they want collateral for the loan).
The entire Capitalist paradigm, whether it be in credit relations or equity relations, however inequitable the latter and former usually are, is based on the self-fulfilling, inflationary, and wasteful assumption called the time value of money, sometimes referred to as "the discount rate", which assumes that money will be worth less in the future. And, as we can see by the housing market, as the most burdensome example, eventually worthless.
Such a system sets off furious, irrational competition for businesses and institutions (I make the distinction because business can be productive and institutions tend to be exploitative) who set as their objective a "hurdle rate", "internal rate of return", "return on equity" rather than the meeting of peoples needs.
I have read Greco's book. I did not finish it. It started out good when he explained his personal history and intentions but deteriorated soon.
I am in favor of keeping the Treasury and eventually evolving to a world currency. The Federal Reserve should be abolished, although I am uncertain about the concept and role of "reserve notes". Thinking it through, it is an extension of the inflationary paradigm that I referred to earlier in this note. We must proceed very cautiously in phasing out or down such a system.
I strongly believe that we should redefine the credo word to be equity sharing, only because of the bad connotation that that credit has evolved to date. Equity sharing should replace "lending", equity trading, and equity investing.
I hope you comprehend and can appreciate and share this communication.
Please feel free to continue the conversation.
In Peace, Friendwalkin', Community, Cooperation, and Solidarity,
Mike Morin
Saturday, October 10, 2009
Concerning the Restructuring of the Global Financial/Economic System and Recent Discussion of Nationalizing “Banking” Interests
With regards to "nationalizing" Banks and other "investor owned" Institutions, we must be realistic concerning the inter-national composition of the investing institutions, corporations, and individuals.
Writing from a libertarian socialist point of view, I think it is necessary to clarify the objectives of any comprehensive program to re-dedicate private resources to a quasi-public mission and to consolidate equity and assets for the purposes of sharing the former and writing off the economically paralytic inflationary cost aspects of the latter.
In lieu of an economic system based on credit and equity trading, whose motivation is the underwriting of speculative ventures, we need to transform our fundamentally inflationary financial/economic system to one that is based on equity sharing and meeting the needs of people in the form of community betterment.
Such a financial system would be the right hand, the resource allocation facilitating function and services of an ambidextrous ecological, democratic, economic "plan and implement" economy that would respect and favor the sovereignty of villages/neighborhoods, educate-foster-facilitate-inculcate inter-community and inter-regional equality, unity and cooperation based on the basic principles of inclusion, equity, humanity, mutualism, altruism, quality of life (in lieu of standard of living), environmental/public health and wellness, sustainability, and peace.
Such a system would seek to establish a more just balance between competitive advantage and comparative advantage with the concerns of those indigenous to a community being paramount.
Such an economic system would recognize the necessity to embrace and implement conservation ethics for shorter term programs and projects of ecological economic redevelopment dedicated to survival pursuits and skills and its concomitant ubiquitous environmental improvement activities, and to the longer term programs and policies related to the legacy of the human race and its dominion (i.e. the recognition and respect of the resource limits imposed by a finite planet).
I call such a proposal an equity union and believe it to be a prudent and practical alternative to the extant economic/financial system. I believe such an economic rearrangement based on the fundamental mission of world unity and cooperation is the best hope for the purpose of entering an unprecedented era of peace and human progress and success.
Mike Morin
Eugene, OR, USA
wiserunion@earthlink.net
(541) 343-3808
Writing from a libertarian socialist point of view, I think it is necessary to clarify the objectives of any comprehensive program to re-dedicate private resources to a quasi-public mission and to consolidate equity and assets for the purposes of sharing the former and writing off the economically paralytic inflationary cost aspects of the latter.
In lieu of an economic system based on credit and equity trading, whose motivation is the underwriting of speculative ventures, we need to transform our fundamentally inflationary financial/economic system to one that is based on equity sharing and meeting the needs of people in the form of community betterment.
Such a financial system would be the right hand, the resource allocation facilitating function and services of an ambidextrous ecological, democratic, economic "plan and implement" economy that would respect and favor the sovereignty of villages/neighborhoods, educate-foster-facilitate-inculcate inter-community and inter-regional equality, unity and cooperation based on the basic principles of inclusion, equity, humanity, mutualism, altruism, quality of life (in lieu of standard of living), environmental/public health and wellness, sustainability, and peace.
Such a system would seek to establish a more just balance between competitive advantage and comparative advantage with the concerns of those indigenous to a community being paramount.
Such an economic system would recognize the necessity to embrace and implement conservation ethics for shorter term programs and projects of ecological economic redevelopment dedicated to survival pursuits and skills and its concomitant ubiquitous environmental improvement activities, and to the longer term programs and policies related to the legacy of the human race and its dominion (i.e. the recognition and respect of the resource limits imposed by a finite planet).
I call such a proposal an equity union and believe it to be a prudent and practical alternative to the extant economic/financial system. I believe such an economic rearrangement based on the fundamental mission of world unity and cooperation is the best hope for the purpose of entering an unprecedented era of peace and human progress and success.
Mike Morin
Eugene, OR, USA
wiserunion@earthlink.net
(541) 343-3808
Friday, June 5, 2009
Local
Hi Dan,
Great to "hear" from you, as always.
Does Ode Magazine have a website (version)? I will look.
Interesting that you would introduce the topic of altruism, one that we were recently discussing on a "World in Common" discussion group.
I think that the profit motive of Capitalism, (versus the needs of people motive of socialism (at least in theory)) leads to social atomization and alienation and thus to very unhealthy cynical cut-throat competitive behavior which precludes altruism. It is interesting that the example that you gave was from firefighters, viewed by many as champions of PUBLIC SERVICE.
I, too, have some discretionary funds that I would like to put into trust for public service and altruistic endeavors. Perhaps, you and I (and others if we can find them) should investigate creating a local Peoples' Equity fund. My idea on that is to see if we can open a group trust account in a Credit Union, where each trustee would have an individual account, yet allocations to community betterment projects could be done collectively, with each individual signing off on the amount that they want to dedicate to the project.
The idea would be that we would "invest" in community betterment projects with the care that we would expect to only get the par value of our "investment" back or we could choose to make individual and/or collective tax-deductible or maybe tax credit eligible contributions to "qualified" 501(c)(3) community betterment organizations (CBOs)
CBOs could be not-for-profit, non-profit or both.
That's enough for now.
What think?
Mike
Great to "hear" from you, as always.
Does Ode Magazine have a website (version)? I will look.
Interesting that you would introduce the topic of altruism, one that we were recently discussing on a "World in Common" discussion group.
I think that the profit motive of Capitalism, (versus the needs of people motive of socialism (at least in theory)) leads to social atomization and alienation and thus to very unhealthy cynical cut-throat competitive behavior which precludes altruism. It is interesting that the example that you gave was from firefighters, viewed by many as champions of PUBLIC SERVICE.
I, too, have some discretionary funds that I would like to put into trust for public service and altruistic endeavors. Perhaps, you and I (and others if we can find them) should investigate creating a local Peoples' Equity fund. My idea on that is to see if we can open a group trust account in a Credit Union, where each trustee would have an individual account, yet allocations to community betterment projects could be done collectively, with each individual signing off on the amount that they want to dedicate to the project.
The idea would be that we would "invest" in community betterment projects with the care that we would expect to only get the par value of our "investment" back or we could choose to make individual and/or collective tax-deductible or maybe tax credit eligible contributions to "qualified" 501(c)(3) community betterment organizations (CBOs)
CBOs could be not-for-profit, non-profit or both.
That's enough for now.
What think?
Mike
Local
Hi Dan,
Great to "hear" from you, as always.
Does Ode Magazine have a website (version)? I will look.
Interesting that you would introduce the topic of altruism, one that we were recently discussing on a "World in Common" discussion group.
I think that the profit motive of Capitalism, (versus the needs of people motive of socialism (at least in theory)) leads to social atomization and alienation and thus to very unhealthy cynical cut-throat competitive behavior which precludes altruism. It is interesting that the example that you gave was from firefighters, viewed by many as champions of PUBLIC SERVICE.
I, too, have some discretionary funds that I would like to put into trust for public service and altruistic endeavors. Perhaps, you and I (and others if we can find them) should investigate creating a local Peoples' Equity fund. My idea on that is to see if we can open a group trust account in a Credit Union, where each trustee would have an individual account, yet allocations to community betterment projects could be done collectively, with each individual signing off on the amount that they want to dedicate to the project.
The idea would be that we would "invest" in community betterment projects with the care that we would expect to only get the par value of our "investment" back or we could choose to make individual and/or collective tax-deductible or maybe tax credit eligible contributions to "qualified" 501(c)(3) community betterment organizations (CBOs)
CBOs could be not-for-profit, non-profit or both.
That's enough for now.
What think?
Mike
Great to "hear" from you, as always.
Does Ode Magazine have a website (version)? I will look.
Interesting that you would introduce the topic of altruism, one that we were recently discussing on a "World in Common" discussion group.
I think that the profit motive of Capitalism, (versus the needs of people motive of socialism (at least in theory)) leads to social atomization and alienation and thus to very unhealthy cynical cut-throat competitive behavior which precludes altruism. It is interesting that the example that you gave was from firefighters, viewed by many as champions of PUBLIC SERVICE.
I, too, have some discretionary funds that I would like to put into trust for public service and altruistic endeavors. Perhaps, you and I (and others if we can find them) should investigate creating a local Peoples' Equity fund. My idea on that is to see if we can open a group trust account in a Credit Union, where each trustee would have an individual account, yet allocations to community betterment projects could be done collectively, with each individual signing off on the amount that they want to dedicate to the project.
The idea would be that we would "invest" in community betterment projects with the care that we would expect to only get the par value of our "investment" back or we could choose to make individual and/or collective tax-deductible or maybe tax credit eligible contributions to "qualified" 501(c)(3) community betterment organizations (CBOs)
CBOs could be not-for-profit, non-profit or both.
That's enough for now.
What think?
Mike
Tuesday, March 24, 2009
What's in a Name? Commonwealth vs. Equity Union
Think of transitioning towards equality of "ownership" as a transition strategy and a compromise strategy, an olive branch held to those who consider themselves workers who have earned their property from hard, dangerous, smart, and/or risky WORK (I do not include investment risk as work).
Eventually, they/we may accept the concept of "usership" (i.e. the completely unselfish, unqualified, sharing of everything by everybuddy). That's the goal, right. If and when we get there, we will get to the moneyless economy, as well. No?
We're not writing about "soup kitchen" and OxFam type handouts, we are talking about genuine equality with respect to quality of life considerations.
With respect to the term common wealth, I'd like to point out that it has been reported to me that the great majority of the people on the planet live in poverty and the current prognosis is not promising.
We need an equity union before we can reach common wealth.
How do those terms and concepts translate into other languages?
World Unity!
Eventually, they/we may accept the concept of "usership" (i.e. the completely unselfish, unqualified, sharing of everything by everybuddy). That's the goal, right. If and when we get there, we will get to the moneyless economy, as well. No?
We're not writing about "soup kitchen" and OxFam type handouts, we are talking about genuine equality with respect to quality of life considerations.
With respect to the term common wealth, I'd like to point out that it has been reported to me that the great majority of the people on the planet live in poverty and the current prognosis is not promising.
We need an equity union before we can reach common wealth.
How do those terms and concepts translate into other languages?
World Unity!
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