Reference: E-Mail Posted Date: Mon, 21 Feb 2000 11:48:26 +1300 Subject: Natural Capitalism and the Zero Waste of People The essential functioning of capitalism is the allocation of public resources to private ownership. Once the private ownership is established, those resources are monetised. (i.e.used as collateral for the creation of new money) Then the money is used to bring together the indigenous resources and the indigenous people. The resultant income is used as wages to maintain the livelyhood of the people the natural resources belonged to before the monarch/government allocated them to private ownership. Had the government not allocated their ownership to private persons, the people could have used the resources to maintain themselves. The income is also used as a "thankyou" to the governing body that allocated the resources. The income is also used to maintain the lifestyles of the capitalists and to provide "pump priming" wealth for future allocations of natural resources. Is anybody saying the system doesn't work? Is anybody saying that the system works for the people deprived of the property that the people assumed the government was holding in trust for the people? Regards Ed G Ed Goertzen, Oshawa
