Transfinancial Economics, the Coming Revolution of Capital
At the time of writing this, Transfinancial Economics, or TFE for short is a research, and development project dealing with a new "ideology" concerned with money. It claims that non-repayable funding could be responsibly created without democratic governments having to raise taxes. They could be undertaken by an independent public body.
Similarly, NGOs could be financed in full, or in part with non-repayable money. Thus, charities of one sort, or another would be properly financed to ensure the greater good of humanity. Thus, in the main they would no longer have to fundraise, and/or rely on donations from the public, and certain philanthropic organizations.
The implications of all this are vast. TFE has remarkable implications for a whole host of problems such as the credit crunch, global warming, sustainable technologies, economic growth, business start-ups in the developed, and developing worlds,et cetera.
At this point readers will wonder as to how inflation could be controlled. The answer would be via the use of advanced programs for bank computers which would be dealt with directly unlike interest rates. Incidentally, interest on loans would also not exist. However, private banks could still exist if desired. The interest, or profit they could take via credit creations could be self-created by an independent public body with the customer only paying the principal.
Anyway, here, is a link to Transfinancial Economics, or TFE. If read carefully, and properly it should give you a good idea of what it is all about:
kheper.net/essays/Transfinancial_Economics.html
The above is to be updated with more ideas, and research material.
R.Searle kheper.net/authors/Robert_Searle.html
The above link to my biodata is to be updated, and better edited.
In a world dominated by money/finance, it is always good to see a way of making it less about profit and more about doing what it needs to do.
However, it is very interesting that many indigenous cultures have never used money, or perhaps have only used some kind of 'finance' when nothing else is possible, at least within their own cultures or dealing with other indigenous peoples. They tend to work perfectly well by individuals/families/groups exchanging goods, services and skills with each other, thus making money largely unnecessary.
But these cultures often presuppose no interest in wealth or gain in the sense that it is largely understood now. Every member of the culture is included in this way of living, and nobody is left to want for anything where possible. Perhaps there is something to 're-learn' here, even more so than changing the way financial systems operate?
posted by adamgilliland on 12/ 2/2007 6:14 pm