This article. like so many, conflates politics and societal outcomes resulting from the structure and functioning of the existing economy, such as unemployment, poverty, and environmental problems of various kinds. People have somehow got it in their heads that the political process in 'democratic' nations is to blame for the unwanted societal outcomes of the economic system.

It is the case that to correct the failings of that system will require some kind of political action. Before that can happen, a viable, feasible economic solution that is compatible with living in a society with a democratic political process must be found.

I have discovered one possible solution: a "democratically distributed income." Implementing it would entail a kind of permanent 'quantitative easing'--but with built-in protections against inflation.

Stephen Yearwood
Stephen Yearwood

Written by Stephen Yearwood

M.A. in political economy (money/distributive justice) "Please don't confront me with my failures/ I'm aware of them" from "These Days," as sung by Gregg Allman

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