Justification :
acceleration of the construction of the industrial infrastructure
Ie base ie the conflation of department I with investment intensive heavy industry
Why ?
To erect an adequate weapons building machine on top of that base
A Tragedy if horridly brutal and wasteful
but not
just a folly crazed bloody mindless
Not an Orwellian horror story
Real flaw
Belief in the armed workers bastion vision
A wrong heard vision so obvious in hind sight
Look at china today and Russia
Ask this simple question
How did the five year plans reduce the horrors of invasion in the one
And the absence of such human sacrifice increase horrors in the other
Tuesday, June 30, 2015
Sunday, June 21, 2015
Renewed interest in the tax and transfer system
Rule one as we re open this social contrivance for expansion
The system must have access to general revenues and a limitless credit line
If full responsibility for maintaining optimal mobilization
is the new mission
Nothing more is needed here
Once the individuals life time pay in
becomes
a fractional basis only
for their lifetime pay out
Full accounting of this pattern at this granular level
should be a matter for public viewing
absent relevant identity specifics
Magic tricks are emerging
Separate auto stabilization and auto redistribution
From auto mobilization
Ie leave the employment ceiling vague or assume nairu and monetary reaction function built on nairu
Are technical issues not class politics
Separate automatic from discretionary
Compare to credit system as spending smoother
Incomplete markets only on a tractable basis
And yet light pours thru the cracks
Single rep is doomed
The system must have access to general revenues and a limitless credit line
If full responsibility for maintaining optimal mobilization
is the new mission
Nothing more is needed here
Once the individuals life time pay in
becomes
a fractional basis only
for their lifetime pay out
Full accounting of this pattern at this granular level
should be a matter for public viewing
absent relevant identity specifics
Magic tricks are emerging
Separate auto stabilization and auto redistribution
From auto mobilization
Ie leave the employment ceiling vague or assume nairu and monetary reaction function built on nairu
Are technical issues not class politics
Separate automatic from discretionary
Compare to credit system as spending smoother
Incomplete markets only on a tractable basis
And yet light pours thru the cracks
Single rep is doomed
Firm level Extractions from the social surplus : a circular accounting
The social surplus defined as
Aggregate value added less wages
The firm level extractions from value added
Are an extraction related to market power not contribution to social productions
aggregate social use value
Ie a scarcity rent or dynamic residue
Example of each
Ground Lots on 42st NYC
Patents on I phone 6
Aggregate value added less wages
The firm level extractions from value added
Are an extraction related to market power not contribution to social productions
aggregate social use value
Ie a scarcity rent or dynamic residue
Example of each
Ground Lots on 42st NYC
Patents on I phone 6
Transaction based monitoring : new refs for old games
The electronic marketplace can be monitored in excruciating detail
Tallying thru payments and thru obligation originations
Allow the construction of a real time social exchange
Right down at the level of the transaction based network itself
The mark up warrants can be applied as they emerge in transaction
Drawn from a firms warrant account
Tallying thru payments and thru obligation originations
Allow the construction of a real time social exchange
Right down at the level of the transaction based network itself
The mark up warrants can be applied as they emerge in transaction
Drawn from a firms warrant account
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