Our economy has two fundamental flaws: First, it is inherently unstable, with the threat of inflation and recessions overshadowing every policy decision. Second, it can only produce what the supply of money allows us to purchase, which is a lot less than people need. This book proposes a creative new idea to fix these flaws in the economy. With the latest technology, we could keep track of exchanges electronically and use the full resources of the environment to meet our needs. The author weaves together five recently-developed technologies to create a dynamic, complex capitalist economy that is free from the divisiveness and limitations of using money. These technologies are computerized cash registers, credit verification networks, optic cable, broadband data transmission, and the Internet. With no budget constraint, the new economy will use the full resources of the environment to meet the needs of every person on the planet.
Fixing Capitalism : Toward the Next Step in the Evolution of Economics