Could BRICS+ use Modern Monetary Theory to create a future where monetary sovereignty and innovative financial frameworks reduce inequality and foster sustainable global development?
‘Our Gross National Product, now, is over $800 billion dollars a year, but that Gross National Product - if we judge the United States of America by that - that Gross National Product counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for the people who break them. It counts the destruction of the redwood and the loss of our natural wonder in chaotic sprawl. It counts napalm and counts nuclear warheads and armored cars for the police to fight the riots in our cities. It counts Whitman's rifle and Speck's knife, and the television programs which glorify violence in order to sell toys to our children. Yet the gross national product does not allow for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage, neither our wisdom nor our learning, neither our compassion nor our devotion to our country, it measures everything in short, except that which makes life worthwhile. And it can tell us everything about America except why we are proud that we are Americans.’ — Robert F. Kennedy
Yes, a very famous quote. We think too that it's time to see the “economy” from a new angle. We are trying to open up new discussions with our interviews and articles, and we really hope the public will appreciate the attempt.
Quite a few decades back, GDP was divorced from measuring anything real, so gambling in whatever fancy derivative instrument they could cook up was included, so nearly 95% (or more) of GDP is nothing but gambling debts being traded back and forth. As Alexander Hamilton put forth in his 3 reports to congress on becomming an independent industrial nation, it first must have sovereign control over its currency, and second create an investment system (national banking) that puts the future prosperity of the society as a whole to be its priority though encouraging manufacturing, investment in infrastructure, patent protection and fostering scientific knowledge amongst the population. Any country that has adopted this system has propered such as Bismarks Germany, Meiji Japan, post war Korea, and now China.
‘Our Gross National Product, now, is over $800 billion dollars a year, but that Gross National Product - if we judge the United States of America by that - that Gross National Product counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for the people who break them. It counts the destruction of the redwood and the loss of our natural wonder in chaotic sprawl. It counts napalm and counts nuclear warheads and armored cars for the police to fight the riots in our cities. It counts Whitman's rifle and Speck's knife, and the television programs which glorify violence in order to sell toys to our children. Yet the gross national product does not allow for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage, neither our wisdom nor our learning, neither our compassion nor our devotion to our country, it measures everything in short, except that which makes life worthwhile. And it can tell us everything about America except why we are proud that we are Americans.’ — Robert F. Kennedy
https://www.jfklibrary.org/learn/about-jfk/the-kennedy-family/robert-f-kennedy/robert-f-kennedy-speeches/remarks-at-the-university-of-kansas-march-18-1968
Yes, a very famous quote. We think too that it's time to see the “economy” from a new angle. We are trying to open up new discussions with our interviews and articles, and we really hope the public will appreciate the attempt.
Thought provoking piece
Quite a few decades back, GDP was divorced from measuring anything real, so gambling in whatever fancy derivative instrument they could cook up was included, so nearly 95% (or more) of GDP is nothing but gambling debts being traded back and forth. As Alexander Hamilton put forth in his 3 reports to congress on becomming an independent industrial nation, it first must have sovereign control over its currency, and second create an investment system (national banking) that puts the future prosperity of the society as a whole to be its priority though encouraging manufacturing, investment in infrastructure, patent protection and fostering scientific knowledge amongst the population. Any country that has adopted this system has propered such as Bismarks Germany, Meiji Japan, post war Korea, and now China.