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A new economic system for the near-future

jamahir

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Hello, the below idea has been brewing in my head for some time and it came up during recent discussions with @Naofumi and @Soumitra in different threads. I present a new economic system that is needed especially in countries like India and Pakistan where old regressive social mores meet modern capitalist ideas to produce a toxic socio-economic culture where especially lot of the middle class does not look at the socio-economic disparities and injustices that happen because of an uneven money system.

My system is not entirely money-less but more an evolution and is as thus :

All basic needs ( housing, water, basic food, essential clothes, electricity, healthcare, communication, mass-public transport, legal service which will be rare anyway in such a system, etc ) being for free and the remaining things ( non-basic food, clothing accessories, hair styling, gym membership, transportation by taxi, the visit to the restaurant or tea-house, permission for house party, etc ) being a paid-for thing via an evolved money system like the "Social Credits" system being implemented in China.

Let's assume that the Social Credits for each person will be 20 at the start of every month. He will be able to obtain a few services with these Credits. He will need to do his designated regular job and any possible extra community service to increase the credits by say 5. Not doing certain things will decrease his Credits. Doing an anti-social thing will get him punished by jail or non-Credit community service depending on the severity. Importantly, the gained Credits do not add to the next month's Credits and make the person a "richer" man. They start fresh from 20.

This way there is no economic disparity, all get the basic necessities without suffering and anybody say with a penchant for stylish clothing and personal grooming will have to contribute harder to the community.

The system can be applied in three ways :

1. There already are economic unions such as the EU, ALBA and CIS. My proposal is just an advancement on these.

2. An individual country can adopt it while at the same time work with the accepted international trading currency, the American Dollar, because the country's means of production will have been nationalized and the goods and services will be exported by the system and not by individual private businesses.

3. The proposal can be later presented at international offline forums such as the UNO. There is no rational reason why a country cannot adopt it. Please see my signature below my post.

This is a work in progress. I plan to speak of this to various progressive movements in India at the right time.

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@RealNapster @Joe Shearer @ps3linux @Indos @Moonlight @Iltutmish @Pan-Islamic-Pakistan others.
 
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Naofumi

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You can call me "Middle-class Karl Marx". Sounds catchy. :enjoy:

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@Cliftonite, hadn't tagged you.
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jamahir

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+5 for your effort.

Too much bureacratic red tape and opportunities for corruption.

A basic subsidized PDS ( Public Distribution System ) for food items and kerosene ( for cooking ) already exists in India for the poor, and free services have existed in proper socialist societies. In addition, e-governance will make things transparent, hassle-free and make the scope for corruption to be limited.
 

KhanBaba2

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+5 for your effort.



A basic subsidized PDS ( Public Distribution System ) for food items and kerosene ( for cooking ) already exists in India for the poor, and free services have existed in proper socialist societies. In addition, e-governance will make things transparent, hassle-free and make the scope for corruption to be limited.

You are not allowing people to save with the credits going back to 20 every month. That is a pretty big disincentive to do any sort of work.
 

Soumitra

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Let's assume that the Social Credits for each person will be 20 at the start of every month. He will be able to obtain a few services with these Credits. He will need to do his designated regular job and any possible extra community service to increase the credits by say 5. Not doing certain things will decrease his Credits. Doing an anti-social thing will get him punished by jail or non-Credit community service depending on the severity.
So basically big brother decides what are the "good" things I do to earn social credits. Hmm where have I heard of it. Every dictatorship ever. have you read the book 1984?

Thanks but no thanks.

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jamahir

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You are not allowing people to save with the credits going back to 20 every month. That is a pretty big disincentive to do any sort of work.

If you want to buy a leather jacket you can buy it with some of one month's Credits. Even when the Credits roll back to 20 the leather jacket will stay with you. You can buy something else next month too and keep it for permanence.

In this society will a doctor be paid same as a labourer?

Work in such a society will be rewarded by how much contribution a person makes. Most work can be mechanized and automated.

1. For example, a house's sewage output can be treated in a special septic tank in the house's premises and can result in water and fertilizer for the garden plants. The sewage system should be built scientifically for easy maintenance and if it breaks down the repairer can be a specialist who also knows HVAC and maintenance of Vertical Farms as well. A job that requires good amount of engineering knowledge.

2. Many doctors now study medicine out of interest. In a more scientifically-designed society there will be lesser number of injuries and deaths and therefore lesser time a doctor needs to spend on treatments. For example, at present India, China and USA have the three highest number of road accidents in the world, in that order. In a society where privately-owned personal transport vehicles have been abolished there would be a drastically reduced number of road accidents and hence trauma or generalist doctors who would be less burdened for large parts of the week or month.

There is no human reason why these two types of people ( #1 and #2 ) should be unjustly rewarded. Both are humans.

In other sectors, imagine 3D Printing-based two-storey four-bedroom comfortable houses with garden. In civil engineering courses this technique can be taught along with architecture to a large number of people. So an operator of a 3D Printer machine for houses will not be an illiterate but an educated engineer. At present India has a large amount of land where say 10 villages can be replaced with one new city-culture township. The engineers will be architects too and will contribute to bringing urban life not-very-socially-advanced village culture.
 

Nowshera

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Doesn't sound feasible. Not a great idea and too similar to Communism as well as excessive Government involvement. As mentioned above this wouldn't work in the highly developed countries of Northern Europe nevermind in South Asia.

Good of you to at least come up with an idea. I was wondering what do you think could be done to replace/as an alternative to pensions. I feel as though they are no longer as good as they were and their future looks bleak if the worker to retiree ratio keeps decreasing.
 

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