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Introducing sustainable banking
The logic of the supernatural
There are two paths in this world and we are on one of them.
The foundation of justice and equality is accountability.
If you wish to prove the Bible errs you need to fulfill the preconditions first.
A discussion on the meaning and application of The Golden Rule
This is a program developed for the Region of Muskoka but it is applicable to any community.
How to determine risk and eliminate it
How do we eliminate business risk? If risk remains at 100% businesses will not be created, only when risk is 0% can the starting of a business be normalized.
Banks charge interest and create unpayable debt. Conventional banking is not a sustainable model because the two choices is every mounting debt or economic collapse. Regardless of the political model or market used the creation of unpayable debt produces inflation, concentrations of wealth, crime and a lot of freeloading. People are not paid for the value they add to the community but for the value they add to a group of elites.
Apriorian Credit does not charge interest while ensuring credits are paid where value is added to the economy. Apriorian Credit Unions are controlled by the Assembly of free Citizens. Every member has a voting share and an account in the credit union. We pay our costs with an accounting debit and earn income when credits are applied to our account.
As with all credit unions the members own the union and vote in an executive. However, Apriorian Credit Unions (ACU) use equity as an accounting unit. Equity is created when work adds value to assets. Work creates equity and this equity can be issued as preferred shares. These can be utilized as a form of currency.
Accounting units issued as prefers, a contraction of preferred shares and designated by the symbol ₽, enables Apriorian Assemblies to pay for all work done though the ACU. Prefers are issued as a credit to the members prefers account. Members pay for goods and services by means of debits to their prefers account.
Using preferred shares as an inhouse currency or accounting tool, produces both equality and sustainability. The only way a member can acquire equity is by creating value for a buyer. Buyers are always able to spend the income so earned, simply by permitting debits to be made to his or her prefers account.
The world is logical not physical. We cannot find the physical or phenomenological world. The more we look and the harder we look, the less substance and solidity we find. Only logic remains when all we doubt is stripped away, only logical truth is certain.
Science as the world understands science, is phenomenological. Science as the study of physical reality is really a study of what we can ascertain from our senses. Phenomenalist science is the study of noumenal reality.
Phenomenon are the things we see as direct perception. Noumenon are the things as they are or at least how they are thought to be. This assumes physical reality is a thing-in-itself, it is ontologically self-sufficient. Reality is considered by phenomenologists, to be able to explain itself.
Apriorics, is the science or study of the supernatural using metaphysics. Apriorism relates to all those things that are not phenomenon, or phenomenological. Apriorism concerns itself with that which is not perceptible. This field encompasses, mind, logic, morality, information, ontology, metaphysics, truth and reality. Apriorian reality is logical and investigated as a logical construct using the methods of apriorism or analytical investigation, meaning logical enquiry. God is the highest and most sublime of conceptions and truth is that which leads to or serves to bring us closer to the most complete and perfect understanding of the Mind of God. The cornerstone proposition of apriorism is the statement, God Exists. From this all truth can be derived.
In studying God Exists we ask what is the most perfect and highest possible understanding of God? What attributes are affixed to the God Concept and which conflict with or fail to adhere? In this sense, science is, at its core, the study of truth. Science truly is a search for the truth, but it has been corrupted by those who only want to seek what can be considered to represent physical reality.
What does “exist” mean in its most perfect sense? Is “existence” something we see, or feel or hear or does exist mean something more perfect that just the physical substance our senses perceive? Is existence something more consequential that what seems to be implied by a simple interpretation of the word?
The highest possible existence that can be conceived is the existence of God. The existence of God is an assertion of agency. Gods Existence is a definition of self by God. As He declares, I AM THAT I AM. This is not just a definition of self; it is a declaration that His self is logically coherent. Logic is a manifestation of His agency in that it is through the logic He created through which He makes His agency known.
A truth depends on all truth. Life is not what life is in a singular instance but all the attributes that compose all life. Life is a concept composed of referential concepts. The truth of life is in the validity of the concepts that adhere to it. If we say life is a physical process, we have to define what these physical processes are. If this is not a good definition, the definition itself will fall and refute itself.
If we claim life is awareness of the presence of agency, then life as an idea becomes a logical necessity within the body of all truth. Life is a truth and as a truth it must cohere to everything else that is true.
More importantly the idea and truth of life adhere to the fundamental reality of the proposition that God Exists.
Reality is not God's Imagination, but it is a story centered on God with God the author. His narrative is our reality. To understand him, we use logic. Through logic we extract what “God” means. Logic requires us to deconstruct the meaning of words and discern what their most perfect sense is, as they are a reflection of a perfect God.
God is the highest and most perfect of all conceptions. Existence is the assertion of agency, that which cannot be doubted because it conclusively asserts it exists. God is the most perfect demonstration of self-existence. We can only understand reality as a logical construct. This approach gives us a new civilization founded on a comprehensive and highly detailed Theory of Truth.
God Exists is the most perfect of all claims because it cannot self-refute or be made false. No other proposition is as perfect. It is substantively the same as I AM THAT I AM. God is sufficient unto Himself and is the unqualified absolute. God is perfectly defined as Himself.
What is better by comparison or qualification, is not necessarily what is best by logic. When we say capitalism is the best of all possible systems and all we know is communism, capitalism is only best in comparison to communism. This only makes it best, contingently. Its status is dependent on communism being the only standard against which capitalism is compared.
If we analyze the terms that adhere to capitalism, we see private ownership means something that does not adhere to what capitalism exhibits. Private in its highest, most perfect conception is ownership without regulation. Private ownership in capitalism is a license granted by the state. Private ownership in capitalism is simply public ownership, once removed.
This is akin to saying the child is not part of the family because he is not the father or mother. This same issue applies to the free market as understood by capitalist. A free market by definition has no regulatory component and yet the private property of capitalism demands a regulatory component to survive. The capitalist cannot exist without the socialist component. They are co-joined twins of Yin and Yang, purporting to be opposites they are actually two sides of the same ideogram.
Apriorists seek archetypes. These are the epitomes, the perfect representation of an idea in conceptual form. The archetype of God is the perfect conception of God, which is God. The archetypical reality is the logically perfect conception of reality. Archetypes are similar to the Platonic Ideal Form. The archetype is the idea form of a thing. For Plato all tables were poor representations of the perfect conception or Ideal Form. For Apriorists the reality of the table is the forms that constitute what a table is. Table is an abstraction, but it is an abstraction of all those things that give us the most perfect and total understanding of what a table is.
The table, as an archetype is a description that contains all of the possibilities that the concept of table implies. Table encapsulates all a table can be. Things are represented by its highest and most perfect conception, and this is not encapsulated by a single form but in the widest possible extension of its elements. Only God can be perfect in Himself. Only God contains in the singular all possible extensions of Himself He is, existentially, the Alpha and the Omega.
The Innocent, Everyman, Hero, Outlaw, Explorer, Creator, Ruler, Magician, Lover, Caregiver, Jester, and Sage are archetypical expressions of man. The nature of man is not noumenal or phenomenal. Man is the totality of the highest expression of man. Jesus is this highest form of man, because in the singular he encapsulated all of mankind’s possibilities, and it is by seeking to be as Jesus that the individual human attains to his own highest expression of humanity.
Apriorian First is a theory of truth that generates a new model of charity. To understand the theory of truth, imagine the entire known world of ideas is represented by y. If this is so the Apriorian Right is represented by x as in x/y1 What this means is that all known possibilities is contained in x/y and the two variables are inversely related.
This means that the two realities are incompatible. The conventional or known world is the Nimrodian system. The alternative to this is the Apriorian system
The theory of truth is a triple verified theory, the only one in existence, in that it is logically coherent, applied as a scientific experiment and is 100% consistent with Scripture. People have been lied to for 6000 years. None of these troubles needed to happen. This world of troubles is Nimrodian and its entire purpose is to subject us to a higher authority. Democracy is just the latest and most pernicious example. The Apriorian Theory of Truth creates assemblies of free citizens that conform to the Principle of Subsidiarity.
In application it creates a new theory of charity which does not turn the giver into a subject nor the recipient into a domesticated created. A charity that exploits one group to benefit another is not charitable and its impact is probably not positive. To simply take from one to give to another robs one and corrupts the morality of the other.
Apriorian teaches the world how to do charity better.
Logic is not personal, adjustable, customizable or amenable to will or whim. Logic is implacable, absolute, and eternal truth. Logic is positive. To be positive we need to be logical. To create faith communities, we need logical programs and institutions. Logical places need logical people. Logic is not about freedom. Logic is about faith. Logic is about what can be believed in an absolute and analytical way.
Liberals are persons obsessed with freedom and liberty. Liberals view freedom as a right. Liberals tend to be skeptics and scoffers and deniers of truth when truth is absolute, analytical and universal. Liberal culture is a direct assault on logic and faith. Liberal’s disdain everything but their own supreme impulsive will.
Liberals are lovers of freedom. Freedom is founded on opinion. Opinions are inductive or contingent truths. Relative truth is the politically correct term for propositions which are only provisionally true.
It is language that determines one’s commitment to logic or condemns one as liberal. We either spread faith or hate with our words.
Apriorian teaches morality. Without morality there is no truth and no charity. Access to the truth is a non-negotiable right. Man is the organism with the capacity for analytical thought. We are the moral creature. We are the only creature that has the capacity to live a moral life.
Many have not lived up to their promise or capacity. Morality has remained beyond them. Christians are a race set apart because our faith teaches us to be moral. Morality is analytical, logical and deductive. Apriorians occupy a moral reality. We are unique in the reality we inhabit. Apriorian is a moral way of life and we create moral beings. Morality is not subjective it is objective and the key facet of the moral being is to be accountable for the costs he or she creates.
Being Christian means taking up one’s cross. A mission represents a form of moral living. If we see a mission as working in faith, then a mission is teaching how to live a moral life. Works are done in the flesh, and care only for the needs of the flesh. We need to be charitable to be moral. Morality cares for the spiritual needs of spiritual persons.
Having a missions may be considered as having a moral purpose. Without a purpose we become lost in the lusts of the flesh and the pride of life. Our purpose is defined by the way our morality plays out in the world and is represented by our life’s mission. Our mission gives us direction, and the culmination of the mission is our purpose.
Missions are not a solitary pursuit. Life rarely gives private lessons. No one can exercise their purpose in isolation or find meaning in life as a hermit. Even in thought our purpose must be linked with the missions of others. The number of linkages is a measure of our spirituality. That is morality is not something achieved in solitude.
Humans are not solitary creatures. Finding God is not a solitary pursuit because right thinking is not a private experience. No one finds faith alone. Faith is discovered on a path to helping others.
The journey of a Christian is a journey done with others. We need help as all believers do. Right thinking is also right doing. Right thinking is not academic it is pragmatic and utilitarian. Right thinkers create equity which adds value to assets we all have access to. This is morality formed in charity.
There are two paths mankind can take. We are all on one or the other path. The two paths are ideological and contain irreconcilable philosophical and epistemological differences. The two paths constitute two world views or cultures. They are so divided and distinct one from the other it is justified in thinking of them as two different realities.
Progressivism is a theory of human betterment. Progressivism is a theory of human progress. Progressives believe in the perfectibility of man as a gradual process that never can be completed. Some progressives see a time when man will rule the galaxy, perhaps the universe. Others even believe we may become as gods. But there will always remain room for improvement.
Progressivism is a philosophy of elites, experts and the entitled. Progress is produced by and guided by experts and specialists and those with expertise absent from the general population. Experts measure and determine the direction and level of progress.
Progressives see poverty as a sign of disfavor and wealth as an indicator of virtue.
Progress and the perfectibility of man is tied up in mans ability to produce wealth.
BLM argues the more melanin in the skin the more virtuous one is. It is melanin that legitimizes BLMs ideas concerning progress. However, the BLM view of progress has not been adopted by mainstream thinkers and therefore mainstream thought is pilloried as being racist.
Positivist do not believe progress towards perfection is possible. We are not the measure of perfection. There is no perfect model or archetype. We cannot do what Jesus would do. We are not God. Perfection is not determined by externalities or one’s passage along a continuum. Perfection is a qualitative absolute not a quantitative accumulation of some feature or factor or the shedding of some negative element.
The Doctrine of Accountability which is the doctrine of moral accountability, postulates there are only two possible courses of actions one can take, one is positive the other negative. One path is moral the other ethical. One path is governed by moral principles and the other by law.
All actions fall onto one side or the other, of the line. The Doctrine of Accountability rejects the claim of The Doctrine of Infinite Continuity, which states that all actions fall on an infinitely extended continuum or on a line of infinite regress.
We call the latter position Nimrodism. Nimrodism is an ideology that encompasses all relativistic, contingent and probabilistic conceptions. In Western lands Nimrodism is consistent with Liberalism. Liberalism conceives of cultures as relative and truths as inductive.
Liberal morality is any action between two equally distant unattainable and idealistic absolutes.
The Doctrine of Moral Accountability employs the Law of The Excluded Middle. Apriorian Right contains Dominion Markets which are theoretically free markets. Dominionism is a Theory of Economics founded on personal ownership and the right of dominion: the proposition that authorship is the only means by which ownership can be legitimized.
Dominion Markets create accountability through the use of cash accounting. Accountability requires all costs of production be accounted for at creation. Cash Accounting prevents the externalization of costs. No costs of production are transferred onto society and future generations. We own only what we are the authors of. No one can assign costs to our account that we did not create. This is the Doctrine of Negative Accountability. Positive Accountability requires us to pay for all benefits enjoyed. Negative Accountability means we are not required to pay costs created by others.
Dominion Economics creates and issues a morally principled money. Money is a unit of account or a unit of value used for recording transfers of value, also known as a transaction. If it is not based on and backed on real value, it is not a unit of morality.
Money that is nothing more than a unit of account can be contained in two columns called the Credit and Debit columns. The Credit column records cash in and the Debit column records cash out. Anything more than this and a currency scam is in operation. Currency is created by increases in equity and is issued as preferred shares. Preferred shares measure the equity in an organization. If someone builds a bird house this constitutes an asset. The equity is the portion of value pertaining to the finished product minus the costs. This is also the labor costs of the product.
Equity is assets minus costs or liabilities. (E=A-L)
The equity portion of the Asset is issued as preferred shares payable to the account of the author of this value.
When Bill purchases value from Jack, the labor of Bill is transformed into the labor of Jack, and an exchange is effected. Preferred shares represent the value of labor in a digital form. Preferred shares are credited to Jack’s account and conceptually transferred from Bill’s account. In a sale the Credit account of the buyer declines the Debit account is increased. The inverse is true for the seller
To start a business simply means someone creates a business account. The business account is credited the assets needed to start the business. Those who contribute the assets have their accounts credited with the value they provide. If the business is a bakery, those who contribute assets needed by a bakery are credited for the value they provide. Those who work for the bakery have their accounts credited for the work they do, whereas those who purchase bakery products have their account debited.
This is a charitable way to create a business. A charity ought to be charitable on both sides of the economic equation, not held one by harming others.
To pay off the debt of members, bonds may be sold to members with surplus cash. The cash acquired is used to purchase member debt from banks. Those buying bonds have their accounts credited with an equal amount of preferred share units (prefers, a contraction of preferred shares).
Do you claim Scripture errs?
All claims regarding error require two proofs be satisfied before being considered.
A) The first thing which must be accomplished to establish the existence of error is a demonstration that this claim of error is absolute and will never be reversed. Never be reversed is defined as proof that given an infinite amount of time your claim will remain immaculate, as presented.
B) Also, to demonstrate an effort has occurred, prove that the assumptions on which the demonstration of falsity was based, is itself impeccable and incapable of being refuted. If the premise on which you claim a proposition or hypothesis is flawed is not incapable of being doubted, your proposition lacks standing. No litigant can bring a judgement against another without representing the same conditions the litigant argues the accused ought to have. That is, no one can argue a claim is false is the position of the litigant is no stronger or durable than the position of the accused. If the accused wishes to litigant to prove conclusively their point, then the accused must first establish that their position is previable to the same degree.
If the litigant wishes the accused to prove their position is solid beyond debate the prove the position you hold is sound to the same degree, if you cannot do this then when you have proved your own reality claims are unassailable re-submit your demand that we prove our position is unassailable
The Golden Rule is quite likely the worlds best known moral principle. It has been stated in different ways in different places and undergone various manifestations over the centuries. The basic principle remains the same, however. The Golden Rule is the moral injunction to not do to others what we would not want done to ourselves. The doctrine assumes reciprocity. The Golden Rule is echoed in the concept of karma. Samsara expresses the same sentiment for Buddhists. Karma teaches us a bad life will manifest as a lower order life in the next cycle of reincarnation and Samsara teaches that if we keep seeking to embrace life we will continue to suffer and cause suffering.
In this essay we will be concerned with its scriptural form, as found in Mat. 7:12 Therefore all things whatsoever ye would that men should do to you, do ye even so to them: for this is the law and the prophets.
This passage is a restatement of Lev. 19:18 Thou shalt not avenge, nor bear any grudge against the children of thy people, but thou shalt love thy neighbour as thyself: I am the LORD.
The Golden Rule is often treated and quoted, as a negative injunction or a negative right. The way most modern readers think of The Golden Rule is as a negative right, meaning we ought not harm anyone unless we are prepared to have the harm reciprocated. The Golden Rule of the Bible is however not stated as a negative injunction. Scripture tells us to do to others, what we want done to ourselves. It is not just what we want done to ourselves but what we believe others should do for us. So, The Golden Rule assumes others are under a positive injunction as regards us. Even the modern translation of: Do unto others as you would have them to unto you, is a positive prescription.
The Golden Rule as given in Scripture is a statement of positive duty and obligation.
But the way Jesus sees it, The Golden Rule is not just a doctrine it is a 1st Order Principle or Positive Right. People have a right to expect positive contact from us. Love is not just the absence of negative reactions.
If the Golden Rule is the law and prophets, then being positive is an obligation we owe to others because this is an obligation we are owed.
This is interesting because the form The Golden Rule takes in Leviticus, which is the book of the law, is couched in negative rights language.
This version of The Golden Rule has a corollary in the so-called “silver rule,” which encourages restraint and non-harm: “do nothing to others you would not have done to you.” But is non-harm sufficient for Christians who are required to do good works?
In a world where free riding is the norm and the role of victim has premium value, the golden rule seems to require a saintly, unselfish disposition that to most moderns appears unwarranted and even foolhardy.
Yet, to understand The Golden Rule we must view it in proper context. In families and groups of friends the need for strict accounting is not demanded. The family and the church have a life that is not that found in the cultures of Babylon. The Golden Rule does not apply when a group of persons is just individuals juxtaposed together.
The Golden Rule applied is a church. The church is not composed of strangers or of people who are competing for favored positions within the group. It is difficult if not impossible to impose a moral ought on one’s enemies. It might be supposed that The Golden Rule is scalable to conditions. What others should do for you changes from family to friend to compatriot to enemy. It follows that what you should do for them will also change according to the relationship.
No one believes that what an enemy or stranger should do for you is the same thing as what you expect from a family member. One does not even want strangers to treat us as friends.
We can add that to act with strangers as if they will respond in the way family does is bizarre and unreasonable. On the other hand, because we act as we think others should respond to us does not mean the response is reciprocal in a direct way. We ought to contribute to the group in response to our expectation as to how the group ought to respond. The reciprocity ought to be social not confined to a particular individual.
Everyone seems to think the Golden Rule is a good idea. Yet, it represents a level of risk most persons do not wish to be exposed to. Few people will argue The Golden Rule is a good rule for governments or businesses to follow. ‘Do unto others as you would have them do unto you,’ has become a noble ideal but so noble it serves more as inspiration than obligation. As Bill Puka remarks: Moral philosophy has barely taken notice of the golden rule in its own terms, despite the rule’s prominence in common-sense ethics.
The basic formulation of the Golden Rule, as given in Luke defines what you would like to see happen, to you. The Golden Rule expects us to use this preference as a guide to our own behaviour. Luke 6:31 phrases it this way: ‘And as ye would that men should do to you, do ye also to them likewise.’
The rule does not lead us to expect that others will do to us in a reciprocal way, what we do to or for them. The Golden Rule does not set a standard for all persons to follow. The Golden Rule requires you to set a standard for others to follow.
The Golden Rule is part of a larger set of commands that help make the Golden Rule too idealistic for most people to consider reasonable.
The Golden Rule presupposes what we ought to expect from others by setting the standard for us to follow.
Luke 6:30-33. Give to every man that asketh of thee; and of him that taketh away thy goods ask them not again. And as ye would that men should do to you, do ye also to them likewise. For if ye love them which love you, what thank have ye? For sinners also love those that love them. And if ye do good to them which do good to you, what thank have ye? for sinners also do even the same.
Probably we are anxious about being put in a situation where we are to give without expecting a return but lets read this from a different perspective.
When we are told to do as we would that men should do to us this means we are to accept what others have to give. We are not to worry about repaying the person just as we wish others to do when we give to them. Reciprocate the favour if you can even if not directly. Accept help and repentance from those who you do not like, allow them to be good to you. This is what you want from others.
Even so, our reticence in following The Golden Rule says more about us and the culture we have created than it does about the Rule. The Golden Rule does not assume we are living in Western Culture. It does not require us to have jobs and work for others. Nor does it presume we have a payroll to meet nor bills and taxes to pay. The Golden Rule presumes nothing other than that we ought to do for others what we think others should be doing for us.
I suggest not many of us think others ought to think they are our slaves so why would we think we ought to be their slaves? Do we think that others ought to give to us as a deadbeat? I doubt many of us want others to treat us in a way that would lift us above their own station. We do not wish to be elevated by others so why do we fear The Golden Rule means we ought to act in ways that defy logic and reason?
The Golden Rule comes down to creating a culture of equality. If people need something, we can assume they do not have it and we do. Why does this inequality exist? If people need food, why are we manufacturing high end cooking utensils?
We are told to do unto others as we think they should do unto us. This is not telling us to go against our own moral understanding or sense of right. If we think people should give us a job, then realize we have an obligation to help people get work. We need to organize society and our life so that we can respond in ways that we think the world and others ought to respond to our needs. This is what it means to live a positive life. If we live positively, we will not create social costs. Social costs are negative expressions of The Golden Rule. Social costs do unto others what we hope no one will do back to us. Some have expressed it as doing unto others before they have the chance of doing unto us.
It is good to live in Muskoka, better yet to live in the small town of Bracebridge in Muskoka. It is the typical small town with a main street and the standard complement of Big Box stores.
There are 16,000 people in Bracebridge 61,000 in Muskoka. This is our winter population; in the summer tourism adds 81,000 visitors. Only 69,000 of these are unable to drive Muskoka style, which is a way of driving more laid back than drivers from the south are used to.
Employment is seasonal. Without the tourism Muskoka would become a lakeside community. So much of our commercial sector is tied to tourism.
If we were all seasonal visitors, there would be little in the way of community. To have community requires human engagement. Community is not juxtaposed buildings. Community is the relationships that exist within a geographical locale. Homes and businesses are just the terminals needed by humans to engage one another.
The heart of any community is its businesses. If the community is seasonal, so are its businesses., at least to a large degree. If the community is composed of seasonal visitors served by seasonal businesses, the community itself is seasonal.
The borders of a community only make sense when those who live within the community engage each other. If the people engage others outside their borders more than within their borders the community is an illusion. A community is a social network. An empty store is not just an empty building; it is a loss of a potential social hub.
One empty storefront is one too many. But to energize an empty store require customers. A customer is a person with an income. Real income is acquired through work at a commercial enterprise. Empty stores create unemployment and are caused by unemployment. Herein lies the paradox; people without jobs produce empty stores and empty stores mean fewer people working. The empty store problem cannot be solved without simultaneously solving the unemployment problem.
Most of us have been taught that the free market creates jobs; most of us have grown up since then. We know the free market also eliminates jobs. Even if jobs are created globally, few celebrate. When we see the place in which we live dying from a lack of jobs we want jobs created here.
The free market operates according to supply and demand. The fact that a town wants and needs jobs is irrelevant. The issue is if it pays those with capital to invest the capital they have to create jobs.
Capitalists do not just compete for customers. Workers must compete for jobs. Towns must compete for investors. The free market never responds to demand with a supply, never. The free market responds the Demand that is competitive compared to all other Demands. There is always competition for the available supply. Competition is fine when widgets are being discussed. If the supply of widgets is insufficient the price of widgets will increase to match supply to Demand in the most efficient way.
Bread and homes are not widgets. We do not want bread to be treated as if it was a widget. It is a requirement for life along with homes and health care and other things. We do not want bread to find its optimal price we want people fed.
If there is only so much capital to go around is the wise thing not to allow the free market to allocate the capital where it will do the most good, even if this means moving 700 local jobs to China?
Workers are consumers. Workers do not lose jobs unless the market loses a consumer. A community does not just lose jobs it loses a neighbor. Explain how it makes sense to reduce the price of a widget by .50 by eliminating the jobs of those who would purchase widgets? If the savings is achieved by actions that cost the local economy a million dollars a year in lost wages and $300,000 in lost tax revenues what is the true savings or cost to the local and national economy?
It is not that the idea of supply and demand determines prices is technically wrong. It is who holds the yardstick? Whose supply and whose demand is being measured?
When demand for widgets declines an individual entrepreneur loses business. The business may be forced to close. This is not just a personal loss it is a general loss to the community.
Bill may have a booming business, but taxes and high wages are cutting into his profits. Bill decides to move production overseas. Bill decides if he moves his business to a low tax/low wage center he can lower his prices and increase profits.
The market works on price. The idea is that if people can buy widgets cheaper, they will. If they can get more for their dollar, they will buy the better bargain. But there must be a product with a price and there has to be people with money who want the product.
There is no market for new businesses. There is no market for new products. There is no Demand for jobs. The free market is reactive. It responds only to what already exists. Where markets meet human aspirations is where the economics of the market break down.
Bill has amassed a sizable amount of capital. It is his to invest as he chooses. Perhaps he has deferred gratification. This would appear to morally justify using his savings to reward himself as he sees fit.
Bill invests where he sees the best return on investment. He looks for the least risk for the potential return. If he makes a good choice the community and his company will prosper. If he makes a poor choice, he loses his investment, but the community may suffer more. This is a negative. Free markets pose potential rewards but also contain risk. Moral agents do not look to find ways to compensate people for the risks they face, as the free market does, a moral agent will work to reduce negatives and increase positives to eliminate the justification for profits.
Markets are not about absorbing risk and managing levels of compensation. Markets are about people helping people freely and without fear. If they cannot do this there is something immoral about how they operate.
Risk is not a positive factor. Markets do not create risk of and by themselves. Competition in markets creates a risk of failure, however. There is no risk or competition in a Dominion Market as these operate as a free market was supposed to act.
People are the heart of a community and a community that has eliminated risk is a moral community. There is nothing moral about risk. Every member of a community is an asset to the community. People who are unemployed or wrongfully employed are not contributing to the welfare of the community. Unemployment is not a positive factor. If the person does not contribute to the community, he or she is not a positive component of the community. A community that marginalizes its own citizens in inherently immoral.
In this sense Bracebridge is not just a town. It is not just a place with people. Every citizen has a role to play in the economic success of the region. The success of Bracebridge is dependent on every citizen contributing value to the market. Every resident has a fiduciary interest in the success of the community. A citizen is a person with a fiduciary interest in the jurisdiction.
If one’s economic interests lay outside of a region, he or she ought not to be considered a citizen of that region. Nor will he or she necessarily act in a moral way as regards that jurisdiction.
This being so, citizens have a political and moral right to have their interests not just considered but prioritized.
An Apriorian Exchange is an Assembly representing the fiduciary interest citizens have in their community.
To eliminate all social costs and eliminate empty stores, unemployment and failing businesses it is proposed that the Region of Muskoka establish The Muskoka Exchange. Every person with a fiduciary interest in the region receives one Common Share in the Exchange. Common Shares are voting shares. Shareholders vote in a Board of Directors. The Directors assign a Chief Executive Officer (CEO) who appoints a leadership team to oversee the activities of the Exchange.
The Exchange represents the citizens fiduciary interest in the economic activity of Muskoka.
The Muskoka Exchange may be capitalized by a bond issue. Bonds are issued as Preferred Shares. These can be issued in any denomination. Preferred Shares are issued at par with the domestic currency, that is on a 1 to 1 ratio.
No interest is paid on bonds. Bonds are issued to capitalize the Exchange. Earnings from sales can be used to launch businesses or pay down member debt. Preferred Shares give the holder a preferential claim on the assets of the Exchange. This enables preferred shares to be used as a local currency.
Preferred Shares are issued in denominations that are multiples of 1/100th x 100 units; as is the case with fiat currency. Preferred shares operate as a medium of exchange and unit of account for those with an account in the Exchange.
Fiat dollars acquired by the Exchange are used to lease or buy empty commercial property or other assets. The share issue is backed by the equity in the Exchange as represented by the fiat dollars acquired or other capital assets purchased.
Preferred Shares are always convertible back to units of the fiat currency. Stores are leased to citizens who pay rent using Preferred Shares. An empty commercial property might be leased to local artists. Prefers (₽) are used to pay lease costs and other costs for example, supplies, equipment and services within the Exchange.
Buyers use prefers to purchase goods and services within the Exchange.
Over time Muskoka Exchange will produce more products and services to create a complex sustainable economy and resilient community. As bank debt is converted to prefers the Exchange will pay off more member-debt. The Exchange will hold the paper on the debt and the debt will become part of the equity of the Exchange.
Because the Exchange owns the businesses where members work there is no benefit to shutting down a business (assets are transferred into other productive uses) or in making anyone unemployed. Workers not needed in one area are transferred to other areas. Nor will members feel a need to purchase foreign produced goods as this will only have a deleterious impact on the investment they have made in their community.
Dominion Exchanges pay anyone who generates value for the Exchange. Housewife’s, students and those who volunteer their services are all paid. Paying people for what they do encourages greater participation and greater demand. Paying people for the value they create puts more money into the market and community. We all ought to look for opportunities to pay people for the value they bring to the community.
A simple method of starting an Exchange is to run a GoFundMe Campaign. This could fund the Muskoka Exchange or to lease or purchase a specific commercial space for a pilot project. Muskoka could allocate space and capital for the Exchange.
To set up a specific commercial account citizens donate goods and services to the store specific to the type of business being established. Investors receive preferred shares equal to the value of the goods or services they have donated. These preferred shares (prefers) can be used to purchase any goods and services offered by the Muskoka Market.
As more goods and services are offered the market expands and new spaces are acquired. Using this program Muskoka can be transformed into an Exchange. Dominion Markets have full employment, no debt and no inflation. Over time all social costs are eliminated by the Exchange.