Monday Guest

HAROLD CHANNER

Producer / Host

Public Access Cable Television Series

"Conversations with Harold Channer"

Presenter:

1998 New York University Talk Titled:

"Public Access Cable Television Within a World Systems Pattern of Understand

Drawling Upon the Contributions of R. Buckminster Fuller

Louis O. Kelso and Others"

To access graphics accompanying talk click below:

TALK GRAPHICS

Buckminster Fuller

Louis O. Kelso

www.channer.tv

www.youtube.com/haroldchanner

hhc@nyc.rr.com

Since the program is concerned with Consciousness Raising and Education
as a Related Concern you may be interested in a view of and Critique of

higher education institutions from 1970 in the link below.

Synergetic Educational Manifesto 1970

This is particularly in the context of growing interest of World Youth in

Revolutionary Change and the New, particularly Multi Media, means of

Educating & Communicating among themselves to influence the Earth

in a positive manner - Egypt and beyond - including the United States of

America - in the time ahead.

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The program can be viewed in its entirety by clicking the you tube link below:

http://www.youtube.com/watch?v=UcTfmo62PfI - HAROLD CHANNER

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More about: HAROLD HUDSON CHANNER

CONVERSATIONS WITH HAROLD HUDSON CHANNER

ABOUT HAROLD CHANNER

CURRENT ACTIVITY: TELEVISION PRODUCER & CONVERSATIONALIST

Approximately 2,700 in depth Conversations have been videotaped and aired in the

"Conversations with Harold Hudson Channer" public access cable television series

which was initiated in 1973. Responsibilities have included all aspects of administration,

including:

Preliminary research to identify potential guest(s)
Contact and invite potential guest(s) to participate
Intensive research after invitation has been accepted
In studio or location videotaping of conversation
Post production editing and graphics enhancement of program
Negotiate and assure televising of conversations programs
Maintain appropriate continuing correspondence with guest(s)

Guests have included a wide variety of leading figures from the business,

governmental, academic and intellectual communities.

FORMER ACTIVITY: UNIVERSITY PROFESSOR OF GEOGRAPHY

New York State University, New Paltz, New York 1968-71.
California State University, Long Beach, California 1967-68
Utah State University, Logan Utah, 1966-67
Wayne State University, Detroit Michigan, 1965-66
Southern Illinois University, Edwardsville, Illinois 1963-64

EDUCATION

Ph.D. (ABD) degree. Political and Economic Geography - Indiana University.
Bloomington Indiana 1963
Master of Arts degree. Physical and Historical Geography - Wayne State University,
Detroit, Michigan - 1961
Bachelor of Arts degree. History and Geography, Wayne State University,
Detroit Michigan 1959

HONORS: HAS BEEN LISTED IN THE FOLLOWING MARQUIS PUBLICATIONS:

Who's Who in America;
Who's Who in the World;
Who's Who in the East;
Who's Who in Entertainment
Who's Who in the Media and Communications

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Some of those who have been guests of "Conversations"

Dr. Buckminster Fuller Dr. John Kenneth Galbrath Dr. Edward Wolff

Mr, Louis O. Kelso Mr. Jeff Gates Mr. Ed Asner

Mr. William McGowan Dr. Cornel West Dr. Stanley Aronowitz

Hon. Russell Long Baba Ram Dass Dr. Wally N'Dow

Hon Caspar Weinberger Mr. William Winpinsinger Mr. William Bahr

Hon MuAmmatr Al Gaddafi Dr. Santiago Astrain Dr. Benjamin Barber

Hon Yasser Arafat Hon Elliot Richardson Dr. Mustfa Tolba

Dr. Zbigniev Brzezinski Dr. Timothy Leary Mr. William Batten

Dr. Joshua Lederberg Mr. Michael Harrington Mr. Floyd Abrams

Dr. Robert Heilbroner Dr. Lewis Thomas Mr. Peter Peterson

Dr. Gunnar Myrdal Dr. John Brademis Mr. William Baroody

Hon. Kenneth Kaunda Mr. Yoshio Teresawa Mr. Robert Wussler

Hon. Jerry Brown Hon. Gary Hart Mr. Jack Valenti

Robert Ashford Lord Walter Perry Dr. John Lilly

Dr. Wassily Leontief Mr. Harold Geneen Dr. Henry Geller

Mr. Robert MacNeil Mr. Ralph Nader Ms. Kay Koplowitz

Hon. William B. Simon Hon. Ramsey Clark Dr. Isaac Asimov

H.R.H. Mohammed Faisal Al Saud Mr. Vernon Bellecourt Mr. John McArthur

Mr. Arthur Levitt Jr. Dr. Rollo May Mr. Praynay Gupte

Ms. Marilyn Mach Vos Savant Dr. Marilyn Ferguson Mr. Hugh Price

Dr. Norman Borlaug Mr. William Greider Ms. Barbara Crossette

Mr. Richard Branson Dr. Rollo May Dr. Marc Uri Porat

Dr. Kirkpatrick Sale Mr. Benjamin Hooks Mr. A.H. Ruskin

Mr. Sanford Weil Ms. Jane Roberts Dr. Eli Noam

Hon. William Proxmire Dr. Corliss Lamont Dr. Herbert Schiller

Mr. Raleigh Warner Jr. Hon Negendra Singh Ms. Yue-Sei Kan

Mr. Richard Wiley Dr. Ravi Batra Dr. Oliver Sacks

Mr. Henry Wallach Dr. Gerard O'Neill Mr. Gerard Levin

Hon. Richard E. Wiley Dr. Michio Kaku Mr. Richard Salent

Mr. Brian Lamb Admiral Gene Larocque Dr. Larry Gell

Hon Andrew Young Mr. Ray Kurzweil Mr. Pete Seeger

Hon. Hubert Humphrey Hon. Carolyn Maloney Mr. Richie Havens

Hon Jacob Javits Hon. Jerrold Nadler Dr. Paul Moller

Hon. William Seidman Hon George Romney Mr. George Franklin

Mr. Donald Kendall Mr. Abbie Hoffman Mr. Charles Heck

Mr. Armand Hammer Dr. B.F. Skinner Mr. Glenn Watts

Dr. Jay Forrester Mr. Jeremy Rifkin Mr. Peter Marshall

Dr. Jonathan Kozel Mr. Kwame Ture Hon. NizarHamdoon

Mr. William Burroughs Right Rev. Paul Moore Jr. Mr. Henry Winston

Hon. Frank Church Sri Swami Satchidananda Mr. Gil Noble

Dr. David D. Korten Mr. Vance Packard Hon. Ahmad Kamal

Mr. Danny Schechter Mr. Herman Khan Mr. Stewart Mott

Mr. Gerard Piel Dr. Paul Kennedy H.E. Ali Treki

Mr. Stewart Brand Mr. Norman Kurland Mr. Kevin Phillips

Dr. Guyford Stever Hon. Barry Goldwater Rabbi Israel Domb

Dr. Leon Cooper Dr. Barbara Ehrenreich Mr. David Finn

Mr. Rodney Shakespeare Ms. Patricia Hetter Kelso Dr. Robert Mundell

Dr. Robert McChesney Mr. George Stony Mr. Frank Zarb

Ms. Nadine Strossen Ms. Judith Malina Beck Mr. Hedrick Smith

Mr. Ethan DeAntonio Dr. Ethan Nadelman Mr. Paul J. Rizzo

Hon. Lloyd Bentsen Mr. Tadahiro Sekemoto Robert Thurman

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INDEX GUEST LISTING BY NAME 01-01-73 TO 07-31-10

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Slightly Updated & Selected Summary Graphics

FROM AN ORIGINAL PRESENTATION TO

CLASS OF DR. ROBERT DANNIN

"CRISIS OF THE MODERN AMERICAN CITY'

AT NEW YORK UNIVERSITY

THURSDAY APRIL 30, 1998

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Slightly Updated & Selected Summary Graphics

FROM AN ORIGINAL PRESENTATION TO

CLASS OF DR. ROBERT DANNIN

"CRISIS OF THE MODERN AMERICAN CITY'

AT NEW YORK UNIVERSITY

THURSDAY APRIL 30, 1998

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One Individuals Idea About

PUBLIC ACCESS TELEVISION WITHIN A

WORLD SYSTEMS PATTERN OF UNDERSTANDING

Drawing Upon the Contributions Of:

R. Buckminster Fuller / Louis O. Kelso

And Others

This is very much an evolving work in progress

BY HAROLD H. CHANNER

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PUBLIC ACCESS TELEVISION WITHIN A WORLD SYSTEMS PATTERN OF UNDERSTANDING

· PUBIC ACCESS PRODUCTION / DISTRIBUTION FREE TO PRODUCER

· OPEN TO ALL FOR NON MONETARY BASED COMMUNICATION

· EARLY EXAMPLE & AKIN TO NON COMMERCIAL USES OF INTERNET

· MODEL FOR OTHER NON COMMERCIAL BASED VENUES FOR EMERGING

COMFORTABLY LEISURED EXPRESSION OF THE FREE HUMAN SPIRIT

* IN TERMS OF ITS COLLECTIVE CAPABILITY MANKIND, AFTER 200,000 YEARS OF CULTURAL & TECHNOLOGICAL DEVELOPMENT, HAS TRANSCENDED MATERIAL SCARCITY - “A NEW REAL CAPABILITY” TO PROVIDE "LIFE SUPPORT" (WITHIN AN ECOLOGICALLY APPROPRIATE PATTERN) FOR ALL WORLD CITIZENS. IN TERMS OF CAPABILITY NOW MORE “HAVES” THAN “HAVE NOTS”.

* MOST IMPORTANT MILESTONE, OF THIS OR ANY OTHER, CENTURY. OBVIOUSLY THE TRANSITION IS IN OUR COLLECTIVE “DESIGN CAPABILITY” NOT THE ACTUAL MANIFESTLY INADEQUATE “REALITY” INHERITED FROM HISTORY. NEW POST SCARCITY “REALITY CAPACITY” HAS ONLY APPLIED SINCE ABOUT THE YEAR 1970 – AGAINST ALL OF HUMAN HISTORY.

1. R. BUCKMINSTER FULLER 2. MARSHAL MCLUHAN

3. TIEHARD DE CHARDIN 4. RAY KURZWEIL

5. LOUIS 0. KELSO 6. MU-AMMAR AL GADDAFI

* PROCESS INVOLVES TECHNOLOGICAL DISPLACEMENT OF LABOR IN PRODUCTION. PURPOSE OF THE INDUSTRIAL (AND POST INDUSTRIAL) REVOLUTION WAS - AND IS - TO FREE PEOPLE FROM WAGE SLAVERY OR JOBS. DISTRIBUTION OF INCOME BY LABOR CRITERIA IS ALMOST BOTH GLOBALLY UNIVERSAL AND OUTDATED IN AN ECONOMY WHERE THE MAJOR AND INCREASING SOURCES OF PRODUCTION ARE CAPITAL INSTRUMENTS OVERWHELMINGLY OWNED BY A MINISCULE (PLUTOCRATIC) CLASS. AN ALL BUT UNVOICED PARADIGM CLASH.

* TECHNOLOGICAL DISPLACEMENT OF LABOR REQUIRES A NEW ECONOMIC SYSTEM IN KEEPING WITH NEW REALITIES OF CAPITAL PRODUCTIVENESS RATHER THAN LABOR PRODUCTIVITY. OWNERSHIP MUST BE DISPERSED TO DISTRIBUTE INCOME. A CRUCIAL PARADIGM CLASH.

1. CHARLES HANDY (JOHN MAYNARD KEYNES)

2. LOUIS 0. KELSO / BINARY ECONOMICS

* ALL ACCEPTED ECONOMIC SYSTEMS (EXCEPT BINARY ECONOMICS?) ARE AND HAVE BEEN ESTABLISHED ON VARIOUS INTERPRETATIONS OF "THE LABOR THEORY OF VALUE” WHICH SEES LABOR AS THE PRIMARY OR ONLY LEGITIMATE SOURCE OF INPUT TO PRODUCTION. ALL SYSTEMS ASSUME THE SUPREME IMPORTANCE OF LABOR AND DISTRIBUTE MOST INCOME BY LABOR CRITERIA (JOBS). BINARY ECONOMICS ASSUMES TWO FACTORS OF PRODUCTION - LABOR AND CAPITAL AND PROPOSES DEMOCRATIZATION OF CAPITAL OWNERSHIP AS A PRIMARY COMPONENT OF BOTH CAPITAL FORMATION AND INCOME DISTRIBUTION – UNVOICED.

· UNIVERSALLY DISPERSED CAPITAL OWNERSHIP WILL: INCREASE ABILITY OF ALL TO PURCHASE WHAT CAPITAL INTENSIVE AUTOMATED SYSTEMS ARE CAPABLE OF PRODUCING - EXPAND EFFECTIVE MARKET DEMAND; INCREASE CAPITAL AVAILABLE FOR INVESTMENT IN ECOLOGICAL "COSTS"; ATTACK CAUSES OF POVERTY (LACK OF CAPITAL OWNERSHIP) RATHER THAN IT'S SYMPTOMS; STEADILY INCREASE THE NUMBERS OF THE COMFORTABLY LEISURED AND THUS REQUIRE MANY NON ECONOMIC VENUES FOR THE EXPRESSION OF THE HUMAN SPIRIT SUCH AS: PUBLIC ACCESS TV, FAIR USE OPEN ACCESS BASED INTERNET, NON COMMERCIAL EDUCATIONAL/CULTURAL INSTITUTIONS, OR WHATEVER ACTIVITIES A LIBERATED POPULATION WOULD WANT TO START – OUTSIDE THE DICTATES OF AN INCREASINGLY BYPASSED MARKET SYSTEM.

BUCKMINSTER FULLER GRAPH FROM HIS "WORLD GAME" FINDINGS OF THE PERCENTAGE OF THE WORLD POPULATION WHO COULD BE SEEN TO BE “HAVES” IN THE MODERN EXPERIENCE IN TERMS OF OUR ABSTRACT TECHNOLOGICALLY AUGMENTED “CAPABILITY” TO PROVIDE “LIFE SUPPORT." FURTHERMORE BOTH “GROWTH AND EQUITY” COULD BE REALIZED WITHIN AN ECOLOGICALLY APPROPRIATE MANNER THROUGH THE INCREASING ELEGANCE OF “GOOD DESIGN TEMPLATES – “DOING MORE WITH LESS”. THINK MOORE’S LAW WRIT LARGE. HE PROJECTED FROM THE YEAR 1952 “A TWENTY YEAR PERIOD OF IMMINENT CRISIS TO ALL HUMAN INSTITUTIONS AS WE APPROACHED AND CROSSED THE 50% MARK." HE LIVED OUT HIS LIFE IN THE BELIEF THE PROCESS HAD ACCELERATED AND THAT WE CROSSED THE 50% MARK IN 1970. THAT IS THE SAME YEAR MOST RELIABLE MODELING'S SUGGEST HUMANITY'S WEAPONS SYSTEMS BECAME - AS THEY REMAIN - "SPECIES LETHAL". BOTH SIGNAL A NEW MOMENT OF EXISTENTIAL CHALLENGE AND CALL FOR A COMPREHENSIVELY CONCEIVED AND INTELLECTUALLY AND ACTIVELY ADVANCED PARADIGM OF PARADIGM SHIFTS. IF WE HAVE ACTUALLY BEEN EXISTING WITHIN A POST SCARCITY ONTOLOGICAL CONTEXT FOR 40 YEARS "WANDERING IN THE WILDNESS" AS IT WERE - THAT SHOULD BE MADE KNOWN TO ONE AND ALL INCLUDING OUR POLITICAL AND INTELLECTUAL LEADERSHIP ELEMENTS. OUT OF THE 200,000 YEAR TENURE OF OUR HOMO SAPIEN SPECIES ON EARTH IT MAY WELL BE WE HAVE HAD TO (AND CONTINUE TO ACCEPT AS A PRIORI )THE IDEA THAT MATERIAL REALITY IS "SCARCE". CERTAINLY THE VERY PRACTICAL ASPECTS OF POLITICAL AND ECONOMIC THEORIZING THAT HAVE INFORMED AND CHARACTERIZED VIRTUALLY ALL OF OUR INHERITED ASSUMPTIONS AND INSTITUTIONS HAVE BEEN PREDICATED ON THE ALL BUT UNQUESTIONED ASSUMPTION OF ZERO SUM SCARCITY. FOR ONE TO WIN ANOTHER MUST LOSE. IT WOULD SEEM THAT BASIC ASSUMPTION OUGHT AND MUST BE CHALLENGED IF WE ARE TO SURVIVE AND NECESSARILY ONE AND ALL BE LIBERATED FROM THE SLINGS AND ARROWS OF AN (ONLY IN OUR LIFETIME BUT NOW) NECESSARILY OUTDATED - EVEN AS ALMOST UNIVERSALLY ACCEPTED - ASSUMPTION. ALL THIS WITHIN AN APPROPRIATE ECOLOGICAL CONTEXT IF WE ARE TO AVOID THE SIREN CALLS OF RETROGRADE AND RISK THE ANNIHILATION OF OUR ENTIRE SPECIES. WHILE OTHERS HAVE ADDRESSED THE ISSUE IT WOULD STRONGLY BE SUGGESTED THAT BUCKMINSTER FULLER HAS PROVIDED AN INTELLECTUAL BASIS FOR ACHIEVING THAT TRANSFORMED ALTERATION IN CONSCIOUSNESS MORE AUTHORITATIVELY AND IN PRACTICAL COMPREHENSIVE TERM THAN ANY OTHER SOURCE AVAILABLE TO REMEMBER THIS IS “DESIGN CAPABILITY” NOT THE SOCIAL, POLITICAL AND ECONOMIC INSTITUTIONAL ASSUMPTIONS AND NOTIONS OF HUMAN NATURE (WHICH WILL HAVE TO BE SUBSUMED) INHERITED FROM HISTORY IF HUMANITY IS TO CREATE A "POST MATERIAL SCARCITY" WORLD WHICH THE FUTURE REQUIRES AND COLLECTIVELY NOW POSSESSES THE MEANS TO ACHIEVE. TO BRIDGE THE TWO - TO LIBERATE RATHER THAN ANNIHILATE - IS MANKIND’S MOST PRESSING CHALLENGE. HE PROVIDED THIS MAJOR PREMISE "PATTERN" TO

HELP US ENGAGE IN THE BRIDGE BUILDING WORK.

H.H.C

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JAY BALDWIN

Bucky Works: Buckminster Fuller’s Ideas for Today

John Wiley & Sons Inc. 1996

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Earthman’s Critical Moment

“Think of It. We are blessed with technology that would be indescribable to our

forefathers. We have the wherewithal, the know-it-all to feed everybody, clothe everybody, give every human on earth a chance. We know now what we could never have known before – that we now have an option for all humanity to “make it” successfully on this planet in this lifetime. Whether it will be Utopia or Oblivion will be a touch-and-go relay race right up to the final moment. Buckminster Fuller, 1980

Historically, according to Fuller, all theories of economics, all political ideologies have been founded on one basic tenet – the fundamental scarcity of life support. “It has to be either you or me, not enough for both.” Buckminster Fuller was the first to scientifically and incontrovertibly find that there is ample to support all .

We have never been in this position before, according to Fuller. 1970 marked

a turning point in man’s technological evolution. The “invisible” metallurgical, chemical and electronic revolutions now makes it possible to do far more with ever less resources, energy, and time investments. …………………………………………………. JAY BALDWIN

As inconvenient to the established Paradigm as “Post Scarcity Economics” would obviously be there have been a wide variety of projections of the concept. Below are some suggested links of the many attempts to assert the major premise. All obviously call for fundamental definitions of terms such as “What is the standard by which “haveness” is defined & of course the countless assertions defining “Human Nature” as inherently greedy with human desires unlimited and insatiable hence never able to be met” et al. But the time is ripe for new modeling and discussion and even argumentation based on a serious examination of the basic assumption itself. This rather than the seemingly wide spread default attitude of dismissing the concept as ipso facto absurd and/or naive thus routinely “overlooking” the possibility of what could well be the major “Paradigm Shift” in the History of Mankind. Political and business leaders would understandably have the most difficulty comprehending the assertion – representing the major beneficiaries of the historically inherited institutional entities and belief systems. Indeed in the end they might well represent what amounts to a Modern Day Ancien Regime. But intellectuals and the masses of world humanity need not be so restrained as the Increasing awareness of an unavoidable growing gap between the World’s “Post Scarcity” Capability and its Performance will inevitably create unacceptable Political instability beyond even that so evident today. HHC

Some Links: Post Scarcity Economics / Whole Systems:

R. Buckminster Fuller World Transformation home page

The Post-Scarcity Economics/Culture of Abundance Reading List v2.2

JAMES LOVELOCK AND THE GAIA THEORY http://www.worldtrans.org/index.html

Louis O. Kelso and Patricia Hetter Kelso estimates of the relative real inputs to production in the American economy of Labor (Physical and Intellectual) and Capital over time assuming reasonably competitive markets. So ingrained is the “ethic” of the “Labor Theory of Value” that they thought it best to refer to Capital Owners as “Capital Workers” in keeping with their understanding that Capital instruments do “Work” - as surely as the most diligent human surrogate worker – and that indeed the observable trend is for Capital Instruments to do ever more of the Worlds “Work”. The reflexive prevalent attitude of equating “Economic” man with Essential Human Values including the whole vast array of values around the “Work Ethic” all contribute to camouflage and maintain the fundamental miss-match between the way goods and services are produced and distributed and particularly their trends projected into the future. Cybernetic contributions (now almost exponential) are only adding to the much longer Historical trend. Represents US Economy but applies to World trending. HHC applies to World trending. HHC

Chart of concentration of capital ownership in the U.S. over time. The same general pattern applies to virtually all economies of and the World Economy as a whole – Plutocratic ownership and control of the real means of production. With “The Labor Theory of Value” it only worsens. HHC - Below Quotes @ www.kelsoinstitute.org

"Conventional wisdom says there is only one way to earn a living, and that's to work. Conventional wisdom effectively treats

capital (land, structures, machines, and the like) as though it were a kind of holy water that, sprinkled on or about labor, makes

it more productive. Thus, if you have a thousand people working in a factory and you increase the design and power of the

machinery so that one hundred men can now do what a thousand did before, conventional wisdom says, 'Voila! The productivity

of the labor has gone up 900 percent!' I say 'hogwash.' All you've done is wipe out 90 percent of the jobs, and even the remaining

ten percent are probably sitting around pushing buttons. What the economy needs is a way of legitimately getting capital

ownership into the hands of the people who now don't have it."
(Louis O. Kelso, Journal Asset Based Finance, 1982)

"The trouble with today's techniques of finance is that they're designed to make the rich richer. None are designed to make the poor richer.

That's why the poor are poor. Because they're not rich."
(Louis O. Kelso, San Francisco Examiner & Chronicle, 1978)

"The Roman arena was technically a level playing field. But on one side were the lions with all the weapons, and on the other

the Christians with all the blood. That's not a level playing field. That's a slaughter. And so is putting people into the economy

without equipping them with capital, while equipping a tiny handful of people with hundreds and thousands of times more

than they can use."
(Louis O. Kelso, Bill Moyers: A World of Ideas, 1990)

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CHARLES HANDY

The Hungry Spirit: Beyond Capitalism –

A Quest for Purpose in the Modern World.

Broadway Books N.Y., 1998 (pages 53-54)

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Keynes, turning from economics to philosophy in his 1930 essay “Economic Possibilities for Our Grandchildren” foresaw it all:

“We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal of in the years to come-namely technological unemployment. This means unemployment due to our discovery of means of economizing the use of labor outrunning the pace at which we can find new uses of labor ….This means that the economic problem is not, if we look into the future, the permanent problem of the human race.”

Keynes goes on to say that once the economic problem is solved, mankind will be deprived of its traditional purpose and will be faced with the real problem, which economics will have won: how to live wisely, agreeably and well. He doesn’t think that this will be welcomed by all.

“There is no country and no people, I think, who can look forward to the age of abundance without dread” but ultimately “When the accumulation of wealth is no longer of high social importance, there will be a great changes in the code of morals … we shall be able to assess the money motive at its true value.”

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Charles Handy citing the 1930 reference by Lord John Maynard Keynes projecting “Technological Unemployment” for the future world of his grandchildren. That would be right about now as technological advancement not only provides the possible means for Humanity’s collective “Transcendence of Material Scarcity” but poses the problem to progressives and policy makers by their commitment (along with virtually all economic theorizing) to the “Labor Theory of Value” currently informing virtually all National Economies on Planet Earth & the International System as well. HHC

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Graph by Louis O. Kelso and Patricia Hetter Kelso illustrating in a General Theory sense how the United States Economic order could be organized to facilitate a Binary Economic Structure. Of particular note is the suggestion of the establishment of a new institution: Capital Diffusion Reinsurance Corporation (CDRC) (A U.S. Government Capital Credit Reinsurance Underwriter) – Box at the lower right of the graph.

The other institutions in the graph already exist and added to by the CDRC – would provide a reinsurance function to the Commercial Capital Insurance Underwriting Industry already existing. Such would – in a systems way – provide new ways for dealing with the various levels and nature of risk in the economic order on market principles. This would make possible security for vastly expanded financing arrangements for diffusing (with safety and security) ownership stakes to various otherwise disqualified “Constituencies” of offerings which in turn could provide an alternative to labor based income distribution to the general society out of the future earnings of the capital instruments involved. It would make possible a system of "Simalfinancing" which would link Capital Formation (Supply) with Income distribution (Demand) for the general Society. With time such an arrangement could produce a World of increased economic security & freedom from “Wage Slavery “ which humanity has had to suffer – including threats of seeming catastrophic Economic “Jobless Recoveries” as currently seems to loom in the current World Consciousness. With improved calibrations of the underling Binary logic Humanity and the Ecology may well be freed from the drudgery of producing goods & services to concern themselves with the “Goods of Civilization.”

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Humanity's Current "Fork in the Road"

After 200,000 years of biological existence Humanity has arrived at a crucial juncture. On the one hand we possess weapons, which can obliterate the Species. On the other - an "Obverse Scenario" might well reveal an unprecedented capability for providing an ecologically sustainable and increasingly improved level of "Life Support" for all of Humanity. Two large ideas seem to have been "missed" by the World Intellectual Community, which are worthy of consideration in the quest for the Hearts and Minds and perhaps the very Survival of the People of the Planet:

1. Humanity's technologically augmented productiveness has offered the Capability to provide "life support" to increasingly greater percentages of the World population through time. Serious investigation of the proposition could provide a measurement of Mankind's store of "Proven" Life Support in a manner similar to that used for assessing "Proven" Oil Reserves - a measurement of humanity's "Proven 'Life Support Capability.” Careful measurement would most likely demonstrate that in terms of our collective Capability, and within reasonable, if debatable, agreed to definitions of terms, there have been, for thirty years or so, more "Haves" than "Have Nots" ! This for the first time in all of human history. R. Buckminster Fuller, with his World Game assertions, attempted such a measurement and concluded humanity reached and crossed the 50% mark in the year 1970. This is about the same date we crossed the threshold of our "Proven" capability to obliterate the species. Intuition and pragmatic investigation have lead many, but not enough, to agree both with his monumental broad assertion and the date he came up with for the Transformation. If correct it has been realistically appropriate to say Humanity has existed in a "Post Scarcity" Ontological reality for 33 years. It is possible to assert that this change - if true - is one of the most important developments in the evolution of all Biological processes on this planet! Consideration of the many interrelated implications it presents is worthy of the highest priority on the agenda of Intellectual investigation and deserves a "front and center" place in the World's seriously concerned discussion, study and debate.

(The best source of investigating the proposition remains the writings of Buckminster Fuller and particularly the findings of his World Game Inventory of World Resources which provides the single best "Systems Template" for factoring in developments since he authoritatively introduced the concept. Back of the envelope calculations including recent near exponentially increasing cybernetic contributions - strongly indicate positive trends to date.)

GOOD SITE FOR INTRODUCTION TO R. BUCKMINSTER FULLER: WWW.BFI.ORG

2. The increased productiveness of the World Economy and the "Transcendence of Scarcity" has not been able to adequately inform pragmatic political and economic thinking largely through the adherence to outmoded Economic Theory. The World Economic Model is not based on a workable understanding of the changed Ontological reality. It does not, or will not, address the questions involving both growth and equity required to allow real Systems efficiency in the time ahead. Currently all "accepted" economic theory (despite all protestations to the contrary) is predicated on various interpretations of the "Labor Theory of Value" which dictates that for the vast majority of the World population an individual's right to income is predicated on his or her labor (physical and intellectual) contribution to increased productivity. Virtually all non-labor aspects of production are owned by a relatively miniscule Plutocratic class at the very pinnacle of World Society - and their capital assets are increasingly responsible for actual production gains. There is no adequate provision for democratizing the access to capital credit for investment in assets which will pay for themselves out of their future earnings - to the citizenry of any individual Nation - or to the people of the World. Under current policy assumptions there is no way forward toward a workable World Economic Democracy. Given oncoming massive technological displacement of labor by capital assets (as Lord Keynes predicted for these very days) Economic Democracy must be a sine qua non goal of responsible systems analysis. Anemic, erratic growth rates and persistent economic underproduction will not allow Humanity to achieve sustainable levels much less realize it's "‘Proven’ Life Support Capability". Increasing awareness of an unavoidable growing gap between the World Economy's Capability and its Performance will inevitably create unacceptable Political instability beyond even that so evident today. The World Economic system currently in place must be seriously challenged by New Theoretical understanding and Economic policy assumptions.

(The best initial source for effectively arriving at a "Systems" Challenge to the unworkable Economic Status Quo is the "Outside the Envelope" thinking developed by Louis O. Kelso and Mortimer Adler in their earlier writings including The Capitalist Manifesto and currently in the pattern presented in the Book by Robert Ashford and Rodney Shakespeare: "Binary Economics The New Paradigm". WEB SITE: WWW.KELSOINSTITUTE.ORG

A Consideration of the Financial Crisis of 2008 & 2009 - Which Continues Lacking a Meaningful Long Term Comprehensive Solution

Sunday September 21, 2008

Secretary of the Treasury Paulson has submitted a three page bill to congress aimed at addressing the current financial crisis. He and many of the country’s leaders strongly recommend quick passage to avoid a disastrous “Melt Down” of the National and World Economy. A “Once in a Hundred Years Event” in the words of Alan Greenspan – and many others. Its definitely “Paradigm Shifting Time” – BIG TIME – here on planet Earth and there are bound to be many variegated reactions to the Historical event.

I suggest that World citizens follow the “Three Page” limitation accepted by Secretary Paulson and lay out their idea and context within a similar - “Three Page” - limit of the causes, implications and prognostications as to their thoughts on the matter – a sort of collective Brain Storming exercise in citizenship, participation and responsibility. It would seem fair that links could be included in the Three Page Formulas – but we certainly want to keep the dialogue pithy dare we say “poetic or artful economy of language” yes we dare so propose! - suitable to the so very apparently limited attention spans of the people at the other end of postings on the marvelous Internet which we obviously need to get any good word out - which might emerge out of the exercise – way out there. Communications is the name of the game & in the interest of that I am going to attempt to get it down to “Three Little Pages” to mimic the sentiment of the popular song “Three Little Words” in support of an understanding under the rubric of “Binary Economics” and suggest that all interested parties - from hard core Marxists to Friedmanites - might do likewise. But before I make the effort let’s consider the official language of the Paulson Proposal.

September 20, 2008

Text of Paulson Plan

LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY TO PURCHASE MORTGAGE-RELATED ASSETS

Section 1. Short Title.

This Act may be cited as ____________________.

Sec. 2. Purchases of Mortgage-Related Assets.

(a) Authority to Purchase.--The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.

(b) Necessary Actions.--The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation:

(1) appointing such employees as may be required to carry out the authorities in this Act and defining their duties;

(2) entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts;

(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;

(4) establishing vehicles that are authorized, subject to supervision by the Secretary, to purchase mortgage-related assets and issue obligations; and

(5) issuing such regulations and other guidance as may be necessary or appropriate to define terms or carry out the authorities of this Act.

Sec. 3. Considerations.

In exercising the authorities granted in this Act, the Secretary shall take into consideration means for--

(1) providing stability or preventing disruption to the financial markets or banking system; and

(2) protecting the taxpayer.

Sec. 4. Reports to Congress.

Within three months of the first exercise of the authority granted in section 2(a), and semiannually thereafter, the Secretary shall report to the Committees on the Budget, Financial Services, and Ways and Means of the House of Representatives and the Committees on the Budget, Finance, and Banking, Housing, and Urban Affairs of the Senate with respect to the authorities exercised under this Act and the considerations required by section 3.

Sec. 5. Rights; Management; Sale of Mortgage-Related Assets.

(a) Exercise of Rights.--The Secretary may, at any time, exercise any rights received in connection with mortgage-related assets purchased under this Act.

(b) Management of Mortgage-Related Assets.--The Secretary shall have authority to manage mortgage-related assets purchased under this Act, including revenues and portfolio risks there from.

(c) Sale of Mortgage-Related Assets.--The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.

(d) Application of Sunset to Mortgage-Related Assets.- -The authority of the Secretary to hold any mortgage- related asset purchased under this Act before the termination date in section 9, or to purchase or fund the purchase of a mortgage-related asset under a commitment entered into before the termination date in section 9, is not subject to the provisions of section 9.

Sec. 6. Maximum Amount of Authorized Purchases.

The Secretary's authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time

Sec. 7. Funding.

For the purpose of the authorities granted in this Act, and for the costs of administering those authorities, the Secretary may use the proceeds of the sale of any securities issued under chapter 31 of title 31, United States Code, and the purposes for which securities may be issued under chapter 31 of title 31, United States Code, are extended to include actions authorized by this Act, including the payment of administrative expenses. Any funds expended for actions authorized by this Act, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure.

Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Sec. 9. Termination of Authority.

The authorities under this Act, with the exception of authorities granted in sections 2(b)(5), 5 and 7, shall terminate two years from the date of enactment of this Act.

Sec. 10. Increase in Statutory Limit on the Public Debt.

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

Sec. 11. Credit Reform.

The costs of purchases of mortgage-related assets made under section 2(a) of this Act shall be determined as provided under the Federal Credit Reform Act of 1990, as applicable.

Sec. 12. Definitions.

For purposes of this section, the following definitions shall apply:

(1) Mortgage-Related Assets.--The term mortgage- related assets means residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before September 17, 2008.

(2) Secretary.--The term Secretary means the Secretary of the Treasury.

(3) United States.--The term United States means the States, territories, and possessions of the United States and the District of Columbia.

There is lot of the “What” addressed in Secretary Paulson’s proposal. It would seem the United States Government is in the process of establishing (belatedly?) what might be seen as a “Re Insuring” role (putting the “Full Faith and Credit” of the United Stares Government) behind a seemingly inadequate Commercial Capital Credit Insurance Underwriters - that is an Insurance Industry against Business loss – despite all the inventive use of Swaps and Derivatives and related procedures by the banking Industry – to deal with the various levels of risk in the Economic order.

Interestingly these were the two aspects of a General Theory Model proposed by Louis O. Kelso and Mortimer Adler in their 1958 Book “The Capitalist Manifesto” – A precursor document in the foundation of the “Binary Economics” Paradigm. They referred to and suggested a new institution to be created to be named the “CAPTIAL DIFFUSION REINSURANCE CORPORATION (CDRC)”. They suggested this 50 years ago as essential to a ”Systems” approach - as part of an overall “Paradigm”. Unfortunately our leaders have not had the wit, wisdom or understanding (more about that later) to institute a “Binary” understanding of Economic reality - hence the current financial crisis.

I would suggest that is what Secretary Paulson is in the beginning process of instituting and - further that the institutional arrangement which will emerge out of the current crisis - could not more appropriately be named than the “Capital Diffusion Reinsurance Corporation (CDRC)” right there next to the Federal Reserve Bank (FED) on the “General Theory” Chart below. Better late than never – but 50 years is a mighty long wait – and the battle is still not won and will be fought tooth and nail by untold backsliding tendencies. The CDRC perhaps is now coming into being – finally – under dint of sheer necessity – always a less than optimum circumstance – but encouraging none the less as it could/would perform the much needed “Backstop” function in the Economic Order that is presently needed - and even more significantly perhaps - which the future now not only requires but also - newly now - allows.

Here is the General Theory Chart

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But there is not much there in terms in Secretary Paulson’s Proposal as to the “Why” of it all. It would seem that might be a good place for us to begin – at a theoretical level of understanding? What do you think about it all? Does it matter – the Why of it all? Does the Why of it all have any bearing on the fierce burning immediacy of the present calls to immediate action - with such far reaching implications? Avoiding the ultimate questions whose answers are destined to be synergistically encompassed – shrouded even - within higher orders of mystery – including the modeling which could indicate humanity might well have transcended “Material Scarcity” within the same Yin and Yang recognition of Universe – from the modeling - that the technological weapons systems seem to indicate a “totally new” Existentially significant “Species Lethal” quality now. Both are now at the level of capability. But short of all that – in the more “realistic” – practical realm of “Economics” – it would seem a very important conclusion as to why the CRISIS is summed up by the general idea – “Mankind Has Not Made His Peace With The Machine” or in other words with the Technology. At a economic theoretical level we have been fixated on the “Labor Theory of Value” which informs or even essentially underpins virtually all Economic theory from Smith., Ricardo, Marx, Marshall, Keynes, Schumpeter, von Hayek, Mundell right up to & including Friedman, are all accepting of - built upon “accepted” Economics – all share the same myopia. The only exception would seem to be Louis O. Kelso – in a time of “Change” which will emerge.

See: http://en.wikipedia.org/wiki/Labour_theory_of_value

The basic Policy Grounding Statement of the American Economy is “The Employment Act of 1946” - That will have change within the “Binary Model” which is now emerging. Good.

See: http://en.wikipedia.org/wiki/Employment_Act_of_1946

Louis O. Kelso and Patricia Hetter Kelso estimates of the relative real inputs to production in the American economy of Labor (Physical and Intellectual) and Capital over time assuming reasonably competitive markets. So ingrained is the “ethic” of the “Labor Theory of Value” that they thought it best to refer to Capital Owners as “Capital Workers” in keeping with their understanding that Capital instruments do “Work” - as surely as the most diligent human surrogate worker – and that indeed the observable trend is for Capital Instruments to do ever more of the Worlds “Work”. The reflexive prevalent attitude of equating “Economic” man with Essential Human Values including the whole vast array of values around the “Work Ethic” all contribute to camouflage and maintain the fundamental miss-match between the way goods and services are produced and distributed and particularly their trends projected into the future. Cybernetic contributions (now almost exponential) are only adding to the much longer Historical trend. Represents the US Economy but applies to World trending. HHC

Whether income to “The People” will finally or eventually be in keeping with the way goods and services are actually being produced will ultimately be politically decided. But we seem trending in the right direction. Once we get the “Facts” straight we may well be on our way toward freedom from “Wage Slavery” through “Similfinancing” – both supply and demand in tandem - moving toward the liberation of the Ecologically sound Human Spirit for concerns with the “Goods of Civilization” which the future requires if we are to well be The time is now – Finally - NOW - to get it right - subsuming not overthrowing History - the way the Future requires !?

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Carbon 60 at the Base of Nanotechnology & Future Information Processing Beginning? See Reuters piece below

The latter -- also known as “buckyballs” – are C60 molecules discovered serendipitously by a team at Rice University, led by Dr. Richard Smalley in 1985 (below). Named after R. Buckminster Fuller, inventor of the geodesic dome (discussed in “the “fullerene’s” 60 carbon atoms (!) are arranged spherically, as 12 pentagons and 20 hexagons (below), in the most symmetrical molecular form known.

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Reuters Last updated: 11:14 am May 21, 2009 Posted: 2:25 am May 21, 2009

"Five-dimensional" discs with a capacity 10,000 times greater than current DVDs could be on the market within 10 years, researchers reported yesterday.

A team from Swinburne University of Technology in Australia said in the journal Nature that by harnessing nanoparticles and a "polarization" dimension to existing technology, a disc's storage can be massively boosted to hold thousands of feature films or millions of songs.

Researchers said the technique allowed them to store 1.6 terabytes of data on a disc with the potential to one day store up to 10 terabytes