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.
Practical Economics proposes a shift to a needs-based economy, moving away from current debt-based economic models and theories, where money becomes secondary, used only as a tool to provide free basic needs to the people using Two Paths Theory.
Resembling Capitalism 2.0, Practical Economics places a Socialist hierarchy over Capitalism, providing a base paths protecting mankind, built on social ideals where basic human needs are free, while also providing for diehard Capitalists who can have everything they want except the power over the people.
For finance, China separated the people from commerce with the renminbi and the yuan, and we can go one step further with needs-based for the people and debt-based for commerce, which can immediately bring an end to poverty.
Karmic Credits is a needs-based regenerative trading system where money is born rather than borrowed into existence, no debt, and it uses natural Capital Control measures stemming from the number of births and deaths.
Working as a dual currency that is common to all countries, this trading model can be used to pacify and protect humanity and buy out a countries national debt changing how economies will act when starting with a clean slate.
From this new beginning, Governments would no longer be responsible for pensions, benefits and subsidies, moving back toward needed infrastructure projects.
To understand Two Paths Theory, Property is also separated between owner and tenant, creating a space for needs-based ownership and debt-based ownership, where equitable interests are created through our Guardian Right model.
Capitalism 2.0 does not use taxes and tariffs, and governments in the future are responsible to the people by law.
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