A great article and a very interesting discussion.
Pigou Dalton principle ( https://en.wikipedia.org/wiki/Pigou%E2%80%93Dalton_principle ) is very relevant to any discussion on re-distribution, of course, one can delve into Henry George and GK Chesterton and Belloc and the distributive philosophies (https://en.wikipedia.org/wiki/Distributism ) also pertaining to interest-free Money. ( https://www.youtube.com/watch?v=zIkk7AfYymg )
Tieing the Unit of account to energy is essential Wes Freeberg’s work on this is fascinating.
Also I would also add that #Wrongkindgreen #Greenwashing is a problem with the current big push for the Green New deal. https://williambowles.info/2019/05/17/extinction-rebellion-and-the-theory-and-practice-of-oligarchical-collectivism/
GOVERNMENT AND POLITICS IN AN AGE OF DETERIORATING PROSPERITY
Though just over a month has passed since the previous article (for which apologies), work here hasn’t slackened. Rather, I’ve been concentrating on three issues, all of them important, and all of them topics where a recognition of the energy basis of the economy can supply unique insights.
The first of these is the insanity which says that no amount of financial recklessness is ever going to drive us over a cliff, because creating new money out of thin air is our “get out of gaol free card” in all circumstances.
This isn’t the place for the lengthy explanation of why this won’t work, but the short version is that we’re now trying to do for money what we so nearly did to the banks in 2008.
The second subject is the very real threat posed by environmental degradation, where…
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