20150330

Governance of a functional economy

Governance is not "Government Intervention."  Governance of a functional economy, when done honestly by the markets (industry, banks, commerce, persons ...), not gamed for profits/greed, will not require "Government Intervention" to govern the economy.  
 
A healthy meritocracy economy, in a Democracy, provides a standard bell-shape-curve distribution of wealth, benefits, and quality of life (health, education, community [indigent...affluent] ...) inclusive fairness.  Markets' stewards (C*Os, BoTs, and groups/families) fail at ethical private-sector governance when income disparities exist, as indicated by a skewed wealth-curve of income, property, community....  When markets' stewards fail at economic governance, the results are depressions, recessions, resource diaspora....  When economic failures occur, "We The People" as a Government and community must ethically act and economically intervene for the welfare of the Nation.  For US (the public-sector) this is Governance, for the private-sector this is Government intervention/interference.

Economic failure upon failures is not an issue of negatives cancelling.  All failures are debt additive, until good (Private/Public) governance can liquidate the debt.  Present private-sector pseudo-capitalism relies on Government bailouts and protectionist laws (AKA: Corporate-Welfare Laws) that prevent private-sector corrections of functional economic incompetence.  Good public-sector Governance emplaces laws that control the private-sector participation in antitrust, monopolies, fraud, bribery... activities, which cause a dysfunctional economy with contemptible private-sector debt being shifted to the public sector. 

Government economic involvement/intervention is always caused by private-sector economic failures.  When a Government is the cause of economic failure, the private-sector will move to another country; Hence, The "National Security" interest in preventing private-sector manipulation of national politics and elections is essential to good governance and stable economy.  There is not much difference between private-sector fervor and religious faith, the irrational faith/fervor dogma is circular, and participation will debase Democratic Governments.  Beware all special fervor/faith interest with resolutions and truths, because they will not have verifiable/reproducible facts and solutions.

A nation's economic model must promote socio-economic balance or risk collapse.  An unbalanced cost of living burden on labor-hands [AKA: wage-slaves] offers XYZ... benefits, under faux-capitalism.  Market advocates will unethical and amoral cheer their good fortune without concern for National Interest or the public-sector impact and resultant debt.  Wealth disparity (US, EU, global ...) is an economic functional deficiency problem.  National resources/wealth removed from circulation in an economy assures some form of capital collapse within market sectors (S&L, Tech, Housing ...).  Governance is the method required to pump money into the failed economy with hope for economic stabilization that will eventually kick-start the functionally deficient economic model.

The USA Republic initially was a timocracy-isocracy democracy mix, with a monetized agrarian-barter economy.  The USA Republic presently has a more plutocracy-timocracy democracy mix, with a flour-paper mashie economy.  The USA Republic must mature into an isocracy democracy and a capitalist meritocracy economy with the Nations' wealth circulating.  IOW: All the wealth belongs to US.  If you want to move to another country; then PLEASE, pack your bags and go.  FACT: "We The People" do not need greedy wimps whining about their economic value to US.
 
Laissez-Faire, Laissez Rôle Dés a/o Bonne Chance, are irrational and dysfunctional economic models that dishonestly removes resources from economic circulation into a few private hands.  Capitalism must be meritocracy, not aggregation, based.  Capital/resources hording has no merit in any economy, unless some folks are seeking civil unrest without consideration of historical events.

20150311

Just a comment on new economics

Why: http://www.alternet.org/education/how-activist-college-kids-are-taking-high-priests-money

A new economics model must study and address the historical, present, and persistent economic problems.  A new model needs to emerge from present model failures/weaknesses, and have an objective economics system clearly defined providing the legacy to objective system lifecycle roadmap.  The lifecycle roadmap would be to assure that there is not another "sit on your laurels" model, because the objective system must always progressively mature and address socio-economic and human-cultural developments. 

IMO, a progressive economics model provides a commons for a society to reasonably distribute community (global...local) resources and wealth/value [1st] Welfare that universally delivers stability (food, housing, health, learning), [2nd] Enfranchisement that provides participatory meritocracy (justice, governance, occupation, options/opportunity), [3rd] Assurance that economics is building an egalitarian society (global...local).   

PseudoMarxist, FauxCapitalist, Classical/NeoClassical and other totalitarian oligarch economics (aristocracy, plutocracy, noocracy, epistocracy ...) are reliably consistent failures that lead to slavery, exploitation, corruption ....   

Future economics models require strong public participation, commitment, and governance.  Because, there will always be a few greed-sick micromaniacal plutocrats trying to by gods of wealth.