Profits will not disappear if regulations get reduced and competition is increased, but the banking cabal would be incinerated, nearly, maybe totally.
Fast economics. Fail often learn fast principle.
Good eve canceled engineers. Practical thoughts to make the world more beautiful. Have you thought about what would happen if over the next decade we, collectively global economies, would increase competition?
This implies releasing all patents to the public at large for all technologies. Yes, I said release all locked up technologies to the public to start learning and innovating based on the new information. Do you think this knowledge release would cause mayhem? If the transition is too fast, it would, but we can phase this out over a decade. This indeed is a lofty goal as the worlds banks would definitely hate it. Profits would definitely fall very drastically over this proverbial decade for everyone, but of corse there is a catch. What's the catch?
The catch is that the global price levels would decrease substantially for everyone due to a influx of competitors, and useful time saving, energy saving technologies. We would be better off on the whole than worse off. Things would simply be abundant and affordable due to competition, and very useful technologies that aren’t hidden by a massive paywall. The paywall, the patents, the licensure, exist for one reason only: banks cannot fail; they must collect interest and keep printing that worthless paper. As soon as we allow full competition banks would cease to be relevant. They would exist, but they would not be dictating terms. Klaus Schwab and his “World Economoc Forum” with his global slum leaders may go away whimpering believe me you.
So, are you okay that the rich would be just a little less rich? Don’t get confused and begin to think I hate the rich by the way.
The common, workaday, layman misconception that we would all go to heck is the wrong understanding. We would all be better off except for Billy the Gates and his ilk. He would live to be sure, and maybe would be a small time millionaire. Good for him.
To be continued…
We The Canceled,
FlunkedIn is not linkedin.
Paul Stamets released all of his fungi patents to the public. Se him on YT. Quite interesting what the fungi are capable of doing, being used for.