econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 03 December 2016

Jobs Without Disruptions Through Concordian Economics

Written by , The Somist Institute

President-Elect Donald Trump is attempting to bring jobs to America through tariff controls (and subsidies). While jobs must be created in the United States, disruptions are likely to occur in world trade and make net positive effects of this policy option all but uncertain. But, certainly, world trade patterns must be studied to make sure that there are no unfair trade deals in existence. If found, these deals must be repaired.

concordian.economics.caption

Beyond that, Concordian economics offers at least three better ways to creating jobs in the United States: jobs without accompanying disruptions.

Cost of Capital Expenditures

The first is by reducing interest rates on capital expenditure loans. If these loans are obtained directly from the Federal Reserve System, our central bank, and they are obtained at cost, this financial benefit might create such a competitive advantage for our entrepreneurs that they might be able to add new jobs or to create entirely new job opportunities in our nation.

Most certainly, the reduction in the cost of capital expenditure will make it much easier for cities and towns and state governments to afford the creation of new infrastructure jobs: bridges are more likely to be repaired; new roads, new airports, new schools will be created.

Student loans will become more affordable.

Access to National Credit

But the monetary policy advocated by Concordian economics is not supposed to be created in a vacuum. Access to national credit is made available only to individual entrepreneurs, to cooperativs, and to corporations with an Employee Stock Ownership Plan (ESOP) in their governance. Now, ESOPs by themselves offer a major competitive advantage: ESOPs tend to keep wages low. Employees who are owners of the corporations for which they work know that wages are payment in advance of profits. By keeping wages as low as possible, they create competitive advantages for their corporations that make the pot of profits at year-end that much sweater.

Consumer Share of Ownership

Concordian economics also recommends that access to national credit be granted only to corporations that have a Consumer Ownership Plan (CSOP) in their governance. CSOPs recognize that it is consumers who keep them alive during an entire fiscal year. Thus, these corporations grant their customers a share of the profits at year-end. Actually, this expense ought to be calculated as cost. Hence, profits will be distributed only after taking care of this obligation of the firm. Sales slips will determine how much is owed to each customer. Let us imagine a world in which Burger King, and Macy’s, and - indeed - Visa and Master Card distribute a certain percentage of their income to their customers. Is that not a completely new economic world?

The road to CSOPs is paved with a major promise. When CSOPs are displayed in full vigor, there will not be any more any need to create jobs to sustain people’s lives; jobs that too often only disrupt our ecology. The market will provide. Good capitalism will then be in full bloom.

bring.jobs.home.afl.cio

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical Opinion Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Opinion


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Slow Economic Growth Will Be Around For A Long Time
The Job Guarantee, Wage-Price Inflation And Alternative Solutions: Part 2
News Blog
Early Headlines: OPEC Strategy Fails, Amazon And State Sales Tax, Tillerson Will Attend NATO, GOP Troubles, Euro Shorts Fading, Marine 'Loves' Vlad, Russia Ready For $40 Oil, And More
The World's Most Boring Jobs
PewDiePie Weathering The Storm
American Doctors: The Prognosis Isn't Good
What We Read Today 24 March 2017
The Federal Reserve Banks Provided $91.5 Billion Remittances To The U.S. Treasury In 2016
17 March 2017: ECRI's WLI Growth Index Shows Continued Moderate Slowing Of Rate of Growth
Durable Goods New Orders Improved in February 2017
Why NASA Won't Send Humans To Venus
Rail Week Ending 18 March 2017: Short Term Rate of Growth Slowing
How Taxes And Transfers Affect The Work Incentives Of People With Low And Moderate Income
How Tourism Affects China's Current Account Surplus
Infographic Of The Day: The Habits Of Highly Successful Entrepreneurs
Investing Blog
Avoiding The Trap Of The Demo Trading Account
Snap's Pre-IPO Revenue Per User In Context
Opinion Blog
Robots, Aliens, Corporate Drones - Who Will Be The Citizens Of The Future?
Is Our Hard-wired Negativity Bias Useful Or Something To Overcome?
Precious Metals Blog
These Gold Stocks Will Produce Much Bigger Gains Than Gold Itself
Live Markets
24Mar2017 Market Close: Trumpcare Collapses But Little Affect On The Markets
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved