It seems to me his world view is somewhat analogous to a Newtonian view of astronomy. Quite reasonable (if v. conservative) in the inter-personal world, and utterly out of touch where the macro world of hyper finance is concerned. And yet I suspect his world-view is what informs most "ordinary people's" voting choices and political outlook.
How do we make the arcane subjects of money, value, credit, debt, derivatives and banking practices accessible to non-specialists? After all it is the general population which is paying the price for the depredations of the few. Index of Frank's Diaries
How do we make the arcane subjects of money, value, credit, debt, derivatives and banking practices accessible to non-specialists? After all it is the general population which is paying the price for the depredations of the few.
I don't think we need to, Frank.
We just need to act to implement a new model and invite people to participate. If it works for them they will.
From the outside the new model will look reasonably familiar.
As Bismarck said, people don't have to know how the sausage is made, but if they are curious enough to ask we have to be able to tell them.
It will be recognisably a sausage, but the difference is that this sausage won't give you food poisoning or worse.
Has your acquaintance never heard of 'equity' by the way? "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
Who is this WE? If it is to be established by the state, we will have to mobilise popular demand and support for it.
If it is to arise privately because it is in most people's best interests that it arise, then why isn't this happening on a large scale now?
If anything, it is my acquaintance's world-view which is currently informing global policy choices. not yours How do we change that situation? Index of Frank's Diaries
At best, a new model spreading bottom up will be by sovereign (private?) individuals coming together for a common purpose. I doubt whether it will be established by the State but it may be facilitated by the State.
We change things by acting; through implementing prototypes, or pointing out people who do; and getting the word out there. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
