Capitalistic Renaissance 1: Introduction
Today we have an economic solution to debt. The solution is so simple that it seems to have fallen just in time from the sky like manna from heaven. No one doubted we would eventually find the correct solution to this systemic debt problem that burdens countries and people.
But the impact of this solution on several perplexing economic problems is absolutely earth-shattering. One dollar spent by the consumer actually turns into $3, $5, $11, $20 or over $40 in equity value, thus solving the problems of jobs and savings. Poverty is ended at the same time.
For posterity, let us revisit and agree on the fundamentals of capitalistic economics to see where we went wrong. The discipline of this science-based solution exposes long-held economic beliefs as inadequate or unsubstantiated. Some of these beliefs have been popularly accepted for centuries.
The foundation of our debt problem came from the misunderstanding and lack of knowledge of capitalism. Debt is not part of the concept of pure capitalism, as we will see in the solution following “The origin of the debt problem” and “The generic public corporation versus the hybrid bank corporation.” Introductory sections about Weaknesses, Fundamentals, Productivity and a New Economic Reality lead up to an analysis of the problem followed by the solution.Section 2: Weaknesses