financing future economic growth with future savings to protect america from economic decline

[xchrom]

http://www.nationofchange.org/financing-future-economic-growth-future-savings-solutions-protect-america-economic-decline-137450624

While conservatives blame poor governance and unions for the fall of Detroit and other American cities, which have filed for bankruptcy, there is another side to the story. The horrific part is that there are many cities that are headed in the exact same direction as Detroit. The entire country could follow Detroit's lead as tectonic shifts in the technologies of production and globalization to produce at the lowest possible cost destroy jobs and devalue the worth of labor.

The United States is headed for more personal and family economic turmoil and social unrest and upheaval due to a faulty economic system that fosters the concentration of wealth-creating, income-generating productive capital––the ownership of non-human productive assets such as land, structures, machines, super-automation, robotics, digital computerized operations, etc. The system is faulty because economic growth is based on individual and family accumulations of savings, with ALL economic growth dependent on past savings "invested" to further concentrate productive capital ownership. This will leave the vast majority, or the so-called 99 percent, who are property-less as related to ownership of productive capital assets, unable to save sufficiently and instead struggling to sustain their livelihood month to month, as they fear for job loss and having to rely on taxpayer-supported government welfare.

To change the rules and reform the system, the outcome of FUTURE policies must be to facilitate financing economic growth with "FUTURE SAVINGS," and simultaneously create new capitalist owners of wealth-creating, income-generating productive capital assets. "FUTURE SAVINGS" are profits used to repay loans for new capital formation and acquisition of existing productive assets by new owners.

Critically, we must recognized that Americans and the world's people do not have to end up desolute and bereft as the FUTURE unfolds due to fundamentally flawed assumptions in modern economics and finance: that new capital formation is impossible without first cutting consumption, saving, then investing. The result has been that the "supply of loanable funds" derived from past savings determines the "production possibilities curve" or rate at which economic growth can be sustained.

[dkf]

1. Haven't we already done that and spent it all aka $16 trillion in federal debt plus who knows how

much municipal debt?