Importance of the monetary system

Social Capitalism
  
The monetary system is at the base of the social order.  Most people understand current social system more intuitively than in actual detail.  

In most countries today the monetary system is established based on the same template: "central bank" or institution like it "prints" or issues money and then utilizes distribution channel to infuse issued money into the system.  In just about all cases issues money trickles down from top to bottom.  Cash is issued by central bank and provided to government to spend in the form of the load or bonds issued by government.  Private banks can "buy" issued money as well.   Banks in turn give money in the form of loans to individuals and companies. This is the classic "trickle down" economics model.

The average Joe never sees "free" money issued by central bank, because he is at the bottom of the chain and is enslaved by the chain without ever realizing it.

Trickle down model is the "accepted" model.  It benefits select few who are at the top of the pyramid.  An alternative model would be "bottom feeding" economics or "free money" at the bottom.  "Bottom feeding" is to be discussed in greater detail.
Rules of Conduct

Social Capitalism
  
I reserve the right to restrict access or to remove any comments that I don't feel contribute to the discussion.

I took a shortcut and did not defend many of the statements made here.  If you disagree with the statements you have 2 options:

1. ignore and don't engage.  Let's agree to disagree.
2. write a comment with facts that challenge my opinion.  While I make no promises, I will try to think about your point of view.
Basic Ideas

Social Capitalism
  
Keep what's good in capitalism and socialism:

1. Don't kill personal motivation and don't make it a mater of personal survival.
2. Don't kill individual protections.  Note, how it goes against motivation.
3. Don't allow capital to be accumulated in huge amounts.
4. Find a way to properly compensate work force.
5. Negate employment issues caused by automation and robotization.
Solution is somewhere in the middle

Social Capitalism
  
Socialism protects individuals, but fails to motivate individuals to work.

Survival under capitalism is the primary motivation to work. Individual protection is not guaranteed.

Somehow, we need to find a solution somewhere between the 2 models.  The potential solution  does not live in isolation and has to be part of a balanced rule set and possibly even a changed mentality.

Mentality is an important aspect of the solution, because mentality that exists today is at the base of the current world view of most people.  Mentality is a set of arbitrary rules that are treated by people as axioms.  Mentality or world view is developed from early age at school.

One excellent example of programmed world view is "small government is good".  The concept is purely theoretical, it resonates at an intuitive level, but fails miserably on practice.  For example, US government is rather big, republicans call for "small government" and yet they never implement it.

Industry self-regulation is another interesting example.  When greed takes over self-regulation simply does not work. For example, financial industry failed the concept of self-regulation and almost crushed world economy.  Do you always trust waiter to bill you correctly at the restaurant?  Will waiters association and self-regulation protect you from a billing mistake?  Then, how would you trust industry to self-regulate when much larger amount of money is at play?  You cannot and shall not.
Socialism has been discredited

Social Capitalism
  
Fall of Soviet Union is probably the largest argument against socialism.

Socialism weaknesses:

1. There is no motivation to work and to produce.
2. It ignores human nature of greed, because it tries to destroy it.
Capitalism and Technology Threat

Social Capitalism
  
Here is where capitalism falls short:

1. Profits trump humanity.
2. Labor force is not compensated fairly in free market economy.
3. Capital tends to consolidate and the end game of consolidation is several large capital groups.
4. Capital translates into political power no matter how we look at it.  Large capital translates into overwhelming political influence.
5. Capital expenditures are cheaper than labor force over a long period of time.
6. Amount of people participating in economy and receiving compensation drops due to #4.
Goals Manifesto

Social Capitalism
  
1. Find like minded people.
2. Discuss social structures that can change the world for the better.  Figure out if technology can be the answer.
3. Act on #2.

That's plenty.