Op-Ed. US Trade War with China: Desperate Move to Save Western Empire

money bills dollar RMB US Chinaby Andre Vltchek, International Daily News in China.  November 26th, 2018

Most of those who have had a chance to witness Chinese internationalist mega-projects, clearly understand that the West is near to collapsing; it will never be able to compete with tremendous enthusiasm and progressive spirit of the most populous country on earth, which on top of it, is built on socialist principles (with Chinese characteristics).

Comments invited here, with copies to both eric.britton@ecoplan.org and  robert.ayres@insead.edu please.

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The Universal Basic Income: It’s time

henry George

 In the beginning

The most widely read book on economics in history (with the possible exception of “Wealth of Nations” by Adam Smith) was a book by a self-taught political economist named Henry George. His formal education ended at age 14. He made his living as a journalist and later became a politician. Yet, his magnum opus, entitled “Progress and Poverty” was taken very seriously by economists, and justifiably so.  The book sold 3 million copies in English, in the first years after publication, 6 million copies in thirteen languages, by 1936, and many more since then. It is justifiably included as one of the ten all-time economics classics {George, 1879 [1946] #2004}. See Figure  1.

In 1879 Henry George advocated a single tax on land values. At the time he wrote, land values were a reasonable proxy for total societal wealth. Today that is less true, and I will focus on the alternatives later. Very briefly, it argued that people should own the products of their work, but that the gifts of nature, including the fertility of the land and the mineral wealth beneath, should be shared equally among all the inhabitants of the earth or the territory.

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