The Modern Economic System theorized Capitalism as the basis for society using Fractional Reserve to borrow money into existence with the Invisible Hand of God said to control the markets. However, the Federal Reserve uses Monetarism to control the flow of money to control the market, and Keynesian Economics to control GDP, and Public Choice Theory have been adopted by Governments whose self interest is to buy votes paid for by lobbyists which creates a conflict of interest against the people.
From Marxism, capitalism worked against the people paying workers $1, yet their toil makes $10 creating an Oligarchy/ Poverty gulf which Development Economics understood as a weak link which has trickle down affects and hinders a countries overall growth leading to the eventual collapse of Capitalism and the rise of Socialism to protect people, which we beginning to see today.
Global Peace Economics proposes a shift to a needs-based economy, moving away from current debt-based economic models and theories, where money becomes secondary, used as a tool to provide free basic needs to the people using Flow Theory.
Resembling Capitalism 2.0, GPE places a Socialist hierarchy over Capitalism, providing two paths for mankind, one built on social ideals where the basic human needs are free, ending the poverty trap, while also providing for diehard Capitalists who can have everything they want except the power over the people.
Flow Theory uses Regenerative Systems such as Karmic Credit Trading where money is born into existence rather than being borrowed into existence, with Capitol Control measures stemming from the number of accounts opened and the account limits. Governments would benefit from this natural growth and death economy rather than using the unlimited borrowing system being used today.
Working as a Dual Currency common to all countries 1 for 1, the protection of humanity provided by free basic needs removes Government responsibilities of pensions, benefits and subsidies, moving back toward infrastructure projects which are needed.
Capitalism 2.0 does not need taxes and tariffs, and life becomes easier.
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