MORPHEAL'S COMMENTARY - March 30 2009 - G20 And Inflation Fears Result in Crimes Against Humanity, AND Water, Water Everywhere - A Lesson in Values Economics
Morpheal
(Pandering Inflation as the a Crime Against Humanity), And Water Water
Everywhere But Not a Drop to Drink (An example of Values Economics).
INFLATION WORRIES ARE ONLY THE EMPEROR’S NEW CLOTHES:
One of the primary arguments against provision of the fiscal means to
do what ought to be done in the world economy has persistently been
"inflation". That too is a false belief, no more real than the
emperor's new clothes. The emperor, in the famous story, had no
clothes whatsoever. It was only baseless irrational belief that made
it otherwise. What is necessary is price regulation, where increases
in price are dictated by governing rules that clearly stipulate when
and by how much prices can be raised. Price regulation is an intrinsic
necessity in any real and true science of economics. You cannot do it
otherwise or you get what you see happening across the span of nearly
50 years of small and large economic disasters along with a
deteriorating environmental and human condition, due to “lack of
means”. The fear of introducing more piles of printed paper (money)
has persistently been driven by the entirely false idea that
introducing more fiscal means necessarily leads to skyrocketing,
inflated, prices. The fact is that inflation is only a worry in the
failed "free" enterprise mentality of anarchic vicious greed driven
cycles where there are no rules to govern the system, but instead it
is presumed to be self governing. Nothing could be further from the
truth and the emperors of the economy had better get some clothes on,
because they are naked in the light of any true economic science.
The idea that if we were to do what the world needs doing, and if we
were to have full and meaningful opportunities for all who are able to
participate in the activities of society, comprising its culture and
its economy, we would have unacceptable inflation of prices, is purely
a greed driven lie that must perish as such, never to be mentioned
again. It is an excuse to allow excessive profiteering, and
victimization, not a natural law of economic practice. Pandering fears
of inflation is also a absolutely criminal excuse, in terms of “crimes
against humanity”, for governance and society’s economic participants,
not doing an immense part of what is necessary, and what ought to be
done, in the world, for the sake of humanity’s future, quality of
future life and the quality of the environment that humanity lives in
and shall live in in the future..
UK WATER CZAR BELIEVES HE IS SHORT OF WATER (A Lesson in Values
Economics):
Mr. Ian Barker, a water czar in the UK, says that England and Wales
are going to be short of water. That is of course, entirely incorrect
and demonstrates another instance of the difference between today’s
prevalent modes of economic thinking and “value economics”. There can
be no real shortage of water when there is what amounts to an infinite
body of water surrounding an island, no matter how large that island
chances to be. We have desalination technology and we have pumps and
pipes. There is no lack of water and there cannot be any lack of water
into the future. Not unless we empty the oceans. If you use a
traditional cost accounting model you do run into problems, but they
are paper, not real problems. In value economics, you build the
equipment you need to get the water, from where it is, how it is, to
where it is needed, in the condition it is needed in. The value of
having that water is the basis of the decision, and supercedes all
other considerations, even if you do make decisions based on the most
cost effective means. Cost, however, then includes the total
environmental and human impact of the decisions you are making and
implementing, without cost based constraints on what are ultimately
values based considerations. So, Mr. Barker is not really short of
water, but he is short of an understanding of what must become a
rational science of economics. Remember, it only takes piles of
printed pieces of paper, to build a desalination plant, pipes and
pumps. We have all the other materials and resources to do it. We even
have the technology. Values economics does not accept the argument
that we have no piles of printed pieces of paper, when we have a need
that can be med with our other resources.
Vales economics does not accept the argument that we, on Earth, have
water, water everywhere but not a drop to drink. What we have is
simply a lack of piles of printed pieces of paper.
So you see, the water Czar, Mr. Barker, is not at all worried about
the availability of water, but is worried about piles of printed
pieces of paper. The trouble is that he has not really realized that
fact. When he shakes loose from the idea that piles of printed paper
have been his only concern, and starts thinking about water again, it
will be like a sudden burst of enlightenment. There is plenty of
water. There is no lack of H2O. That was never the real problem.