Some of those statements are extreme such as claiming that no regard was taken for the long-term production, etc.
On Dec 12, 2:20 pm, "Jason (Memphis)" <[email protected]> wrote: > I sent this as a letter to the editor for the Memphis Flyer, which > will hopefully generate some more discussion. I just based this off > of "The Token Economy: A Motivational System for Therapy and > Rehabilitation" by Teodoro Ayllon and Nathan Azrin. It may not > entirely fit but experimental analysis of how to motivate people to > engage in tasks by giving them slips of paper with token values may > serve as an okay model for our economy as a whole. > > Jason > > "OUR TOKEN ECONOMY" > > I think that most people understand what is happening with our > economy. You can conduct a complex analysis of the equally > complicated market but the simple truth still plays a major role, that > is, our tokens (money) are exchanged for wanted goods and services. > Since we no longer support the gold standard, our tokens will be > worthless in the United States and the world economy if valuable goods > and services can’t back them up. > > As I see it, a few major mechanisms are at play. First, big > government has created a massive and expensive bureaucratic system, > which the private companies and taxpayers must support. You need > government but our government can’t and shouldn’t be expected to do > everything. Second, Wall Street has accumulated too many tokens in > the hands of too few individuals and these Wall Street individuals > have given these tokens to other individuals who aren’t producing a > lot of goods and services in exchange for these tokens—bad > investment. Remember that token values are primarily based on what > goods and services can be exchanged for these tokens and the tokens > themselves are inherently worthless. Third, Wall Street and the > average investor have liquidated many production institutions > (companies) through mergers and other schemes to gain quick profits > without any regard to the effects on long-term production of valuable > goods and services. Fourth, Wall Street and the average investor have > undermined the free market forces by determining (in contrast to > allowing buyers to control) the fate of a company by its ability to > make a fast profit while ignoring its ability to produce value goods > and services. This climate has lead to an obsession with tokens and > a blind eye to what makes those tokens valuable: accompanying goods > and services. > > In my opinion, we need to focus on the basics. First, the government > has no choice but to inject tokens back into workers’ pockets to avoid > freezing the financial systems or disrupting the delicate exchange of > tokens for good and services. Second, we should (once again) focus on > producing valuable goods and services. That means that we have to > continue to acquire skills and work hard with the more people working > (instead of social-loafing) the better. Third, we cannot continue to > act as if more tokens without accompanying sellable goods and services > will somehow increase the value of our tokens. That is unrealistic. > If money determined a country’s wealth, each African country could > become extraordinarily wealthy by solely manufacturing paper and > coined money. > > In sum, we need to start focusing more on the production of valuable > goods and services and respect but stop obsessing over tokens. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Memphis Freethought Alliance" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/memphisfreethoughtalliance?hl=en -~----------~----~----~----~------~----~------~--~---
