World Economics :
is there only one way to go ?

Today, there is a single framework which seems to monopolize the way all politicians, economists, scientists and ordinary people envision how any country should go about providing its citizens food, shelter, health services and all other requisites.

This dominating system of thought and organization is of course capitalism and its many more or less social variants. But with pressure everywhere to control budget deficits, the social protection programs have been increasingly toned down in most countries.

Why is it so, when humanity has never had before as much production potential? And when machines can do most of the work and multiply output exponentially? There is also less and less need for high-paying industrial jobs and unemployment is alleviated only by developing the badly paid services sector. Of course machines do not receive salaries and are not unionized, but are unfortunately also non consumers. Thus, producers cannot sell as they should to non solvent customers.

Everyone loses that way.

Over the last century or so, serious problems with capitalism have led thinkers and revolutionaries to try different economic systems, mainly offshoots of communism or socialism. These have failed. Why?

Because essential changes have not been made in the way money is created and used, in the link between work and personal revenue.

Those crucial problems have been addressed since the thirties by the great French economist Jacques Duboin. Why is he not well-known universally? Because people were quick to label his ideas as «utopia». But this so-called utopia may on the contrary be the only realistic way to achieve a world without dispair, without exclusion or without the rat race to make a living.

Take a few minutes to ponder Jacques Duboin’s propositions. These have been exposed and are continually refined in a monthly publication : La Grande Relève des hommes par la science. This socio-economic review is published in France since 1935. The following give a short presentation of the fundamental ideas :

- the buying power of consumers can no more be measured by the hours worked;

- all that is possible to produce (materially and ecologically) must be rendered financially possible, and every citizen must be given the buying power to acquire its share of it;

- every citizen must be periodically credited with such buying power;

- this implies the creation of money dedicated to purely consumer means, which does not circulate.

For more details see :

Marie-Louise DUBOIN conferences on DISTRIBUTIVE ECONOMY. go

and read every month :

La Grande Relève. go