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Fixing Capitalism

Fixing Capitalism

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Modern capitalism has two well-known flaws. First, it is unstable, with the threat of inflation and recession lurking around every policy corner. Second, it is inefficient at meeting everyone’s needs because the economy can only produce what the money supply allows people to purchase, which is a lot less than people need. We have the technology to do so much more but the money does not exist to make it happen.

This new book, Fixing Capitalism, proposes to fix these flaws by using technology, instead of money, to mediate exchanges between businesses and consumers. While the supply of money is limited, information is unlimited, and it can mediate an infinite number of exchanges. Producers can then use as many resources as our environment can provide to meet the needs of people all around the planet.

The author, Jonathan Carr, has created a new kind of capitalism that weaves together five recently-developed technologies to measure supply and demand, measure the success or failure of businessesbased on their market share, and carry on our dynamic capitalist economy without money, or budget worries, or the profit motive. These five technologies are computerized cash registers, optic cable, broadband data transmission, credit verification networks, and the Internet. This new economy, he believes, will be more stable, more efficient, and more democratic than a money economy.

"People will be able to demand as much from the economy as it can provide, and businesses will compete to serve as muchconsumer demand as possible" said, Mr. Carr. "We will be able to feed, clothe, house, and provide medical care for every person on the planet, without subtracting from the standard of living in developed economies. Producers around the world will use thefull resources of the environment to meet their consumers’ needs."