jabowery
06-05-2013, 07:26 PM
Here's an idea in development. I wrote it up at the request of a minister and the first deployment will most likely be among an evangelical congregation that is concerned about the US becoming a failed state.
Re-localization through technological advances in manufacturing (such as 3D printing), energy product (such as cold fusion) and education (such as Internet academies) will create a demand for correspondingly relocalized monetary, property rights and military systems.
A regime that can accomplish this is a mutual property insurance corporation, whose members can be called upon to perform duties ranging from enforcement of property rights to "barn raisings" in the event of natural disaster.
The role of demurrage with commodity backing is replaced by the insurance premium. Underwriting assessments take the form of escrowed bids for the insured properties -- bids accepted at the current owners discretion. The bids are denominated in currency issued by the mutual insurance corporation.
The shareholder/members of the mutual insurance corporation hold one voting share each which is issued at the time they join. They may proxy their votes, as in any corporation.
Delivery of social goods, and elimination of attendant problems corresponding to public sector rent-seeking, can be largely handled by purchasing power placed in the hands of the share holders from the regular payout of dividends.
Only the high bid in escrow for a given property right is charged no demurrage. This efficiently allocates the monetary base among the local economy's assets. By this means, the monetary base becomes the liquid value of the local economy's assets. In the theoretic ideal case, where all transactions are conducted electronically, a purchase consists of a change in the escrowed bids, transferring money from one person's escrowed bids to another person's escrowed bids. In this case, the role of the "investment expert" is essentially to act as an insurance underwriter who accepts a person's money and, on their behalf, places that money in one or more escrowed bid that, by being the highest, is not charged demurrage because it has served the purpose of insurance assessment at the liquidation value of the assets bid.
Re-localization through technological advances in manufacturing (such as 3D printing), energy product (such as cold fusion) and education (such as Internet academies) will create a demand for correspondingly relocalized monetary, property rights and military systems.
A regime that can accomplish this is a mutual property insurance corporation, whose members can be called upon to perform duties ranging from enforcement of property rights to "barn raisings" in the event of natural disaster.
The role of demurrage with commodity backing is replaced by the insurance premium. Underwriting assessments take the form of escrowed bids for the insured properties -- bids accepted at the current owners discretion. The bids are denominated in currency issued by the mutual insurance corporation.
The shareholder/members of the mutual insurance corporation hold one voting share each which is issued at the time they join. They may proxy their votes, as in any corporation.
Delivery of social goods, and elimination of attendant problems corresponding to public sector rent-seeking, can be largely handled by purchasing power placed in the hands of the share holders from the regular payout of dividends.
Only the high bid in escrow for a given property right is charged no demurrage. This efficiently allocates the monetary base among the local economy's assets. By this means, the monetary base becomes the liquid value of the local economy's assets. In the theoretic ideal case, where all transactions are conducted electronically, a purchase consists of a change in the escrowed bids, transferring money from one person's escrowed bids to another person's escrowed bids. In this case, the role of the "investment expert" is essentially to act as an insurance underwriter who accepts a person's money and, on their behalf, places that money in one or more escrowed bid that, by being the highest, is not charged demurrage because it has served the purpose of insurance assessment at the liquidation value of the assets bid.