Public Banks as Alternative to Global Chaos

[eridani]

http://www.globalresearch.ca/is-there-a-unifying-alternative-to-the-empire-of-chaos-a-world-philosophy-synopsis/5515639

The first is that the life-ground of value is not created by the global market, and even less by individuals in money exchanges – the ruling delusion within which state policies and economic understanding are imprisoned. Our ultimate economic ground begins with reproduction of the planetary atmosphere itself, the oceans, earth’s hydrological cycles, soil cover, forests, fellow species, and so on – all basic forms of universal life capital ignored by the moribund model. So-called ‘Economics’ is geared towards eco-genocide without knowing it.

Yet life capital includes much more than the planet’s physical resources. It denotes all real goods that are reproduced and cumulatively advance through time, including scientific knowledge and human energy sources. Securing our collective life capital base to live by entails policy and regulation to prevent every kind of life capital being run down, wasted or destroyed as it is now. The binding Ozone Layer Protocol was implemented with success in 1989, but nothing binding since has been allowed by the life-blind system. Instead, the publicly deregulated and subsidized private money-sequence disorder keeps invading across borders with no recognition it is objectively evil as measurable by its laying waste of the collective and individual life capital of society, nature and citizens.

This is where moral and policy deciders must reclaim human purpose and life by binding life standards regulating international trade and investment. We have already significantly achieved these standards in public health and higher education, but these too are now undermined by the corporate profit driver that is alone protected and invades everywhere.

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Yet there are good signs – in Russia, investing in public pensions as a priority, repudiation of fracking and GMO degrading of ecological stabilities, and a bred-in-the-bone tradition of life collectivity. In China, a presidential war against corruption and massive green commitment and power production show statesmanship to lead. Most of all, public banking systems have allowed sovereign control over public investment, the secret to real economic development and non-bankruptcy for societies everywhere.

It is worth pointing out here that public banks were also the key to Yugoslavia’s success before US-led foreign loans and compounding interest rates over 20% prime financially broke the multi-ethnic country’s unifying social programs and life security baseline. At the same time, what Russia and China lack, Yugoslavia’s self-governing worker enterprises, democratic processes, and joining of divided peoples together by life serving public programs led the world as example. That is why Yugoslavia was marked for ruin by a still-secret 1981 Reagan directive. Nothing is so abominated and attacked in this ruinous private bank and corporate occupation of the world as collective life capital bases independent of corporate market money sequences accountable to nothing but their self-multiplication. The public option of life capital investment and advance can lead the way beyond the cataclysm.