This memo was subitted to the White House as a comment through its website on 7/30/2012 by Hiroshi Morita.
From Free Economy to Conditional Free Economy!QLE
I always felt strange about using economic theory based on inappropriate assumptions.
Basic assumptions of current economic theory include such as abundant resources and no limitations, although these are no longer true.
In the past people in the West have been successful applying Free Economy based on blind-individualism.
Given that resources are no longer abundant and some limitations have been apparent because of over-population as well as globalization, I am strongly recommending Conditional Free Economy based on conditional individualism instead as follows:
1. Conditional Individualism:
2. Conditional Free Economy:
1. Conditional Individualism:
Conditional individualism means pursuing for individual benefits on the condition that it does not hurt the benefits of the whole when we confront with limitations and restrictions.
For example, drinkable water or energy is getting scarce and thus each of us should not waste water or energy, something like that.
Under the current system, it is free to waste water or energy as long as we can afford it, which hurts the benefits of the whole or the Globe.
Majority of current issues will be solved if we apply Conditional Individualism instead of blind-individualism.
2. Conditional Free Economy:
Conditional Free Economy means that we will control economy only when and where Free Economy will not work well because of violation of its assumptions.
Therefore, when and where basic assumptions are violated, the global government should intervene through use of anti-monopoly laws and regulations or setting up additional new laws and regulations.
Violation of basic assumptions:
A. Scarce natural resources:
- Oil. ( Energy)
- Drinkable Water.
- The above should be under surveillance of the global government.
B. Limitations:
Globalization actually means saturation or no more room for geographical growth or expansion.
Free Economy based on blind-individualism requires room for growth or expansion, besides some of fundamental assumptions are already violated.
We still have to avoid monopolistic conditions on global market.
Implementation:
How can we implement it?
1. At school, we should start teaching conditional individualism instead of blind-individualism.
We just need to change our ethics.
Individualism is acceptable as long as it does not hurt the benefits of the whole or the Globe.
2. Declare use of Conditional Free Economy based of conditional individualism instead of Free Economy based on blind-individualism.
In other words, we should update the current Economic system in accordance with changed environment.
Hiroshi Morita
updated on March 12th, 2024.
The above memo was condensed due to volume restrictions at the White House website.
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Chinese trap - Dangerous Protectionism
Keynesian's Supply Side Economy updated
Simple version of Keynesian's Supply Side Economy updated
Where are we going? What are we looking for?
Globalization Factor.
Globalization Factor Simplified and Submitted to the White House.
No more deregulations, please!
From blind-individualism to conditional individualism!
From Free Economy to Conditional Free Economy!
Solve both climate change issue and economic issue at the same time!
We need an Earth Government!
Link English Site Buzzle.com
HM blog
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