Community Capital Markets A cause of the disparity between the rich and poor is dysfunctional Capital Markets. One way to reduce the disparity is to make Capital Markets cheaper to access, allow universal participation, and increase the rate of new investment. …

Rawls and others in Property Owning Democracy argue that a more equal distribution of wealth is a superior alternative to Welfare-State Capitalism, Laissez-faire, State socialism, or Liberal socialism. Unfortunately, the proponents who have tried to implement the wider distribution of property owners use redistribution methods. Another approach is incrementally changing…

The world is awash with wealth, but it is unevenly distributed. It sits in gigantic piles and is being used to destroy the planet to create more wealth that sits in bigger and bigger piles. There is a simple solution to spreading it more evenly, and it comes with a…

Social learning is to ideas what natural selection is to genes. Both are ways of picking out good solutions from a sea of variety. Mark Pagel — Wired for Culture. With culturally appropriate capital allocation rules, Community Capital is the most productive way to invest. …

“Seek value and need; today’s investment shall breed a future where worth exceeds greed.” — Quote generated by ChatGPT4. A submission to the March 2023 Australian Federal Government inquiry on promoting economic dynamism, competition and business formation. There is nothing special about the Financial System. It is just another industry…

The fastest way for the ACT Government to increase the Well-Being of Canberrans is with policies addressing the obscene wealth disparities in our Community. Every six months, the wealthiest 10% of Canberrans’ wealth increases by the total wealth of the poorest 10%. For most people, wealth and well-being correlate. …

Most Australians believe the economy should promote a fair, efficient, and sustainable allocation of resources, fostering social justice, economic growth, and overall societal progress. Unfortunately, Australia's economy is doing poorly on sustainability and social justice. The last ten years have seen the wealthiest 10% of the population increase their wealth…

The economic ideas of Henry George, the bank crashes and the speculation frenzy in Melbourne in the 1890s influenced the founders of the Commonwealth. They determined not to let banks fail through speculation in the newly created Commonwealth of Australia. Part of their solution was to form the Commonwealth Bank…

Economists believe that in a free market, the forces of supply and demand set prices, and resources are allocated efficiently based on consumers' preferences and producers' incentives. When a market does not allocate resources efficiently, economists say there is a market failure and think of ways to make the market…