Monday, July 9, 2018

Risk-Reward Framework

This article explores the concept of Public Choice and "truth" in Policy Design, focusing on the way in which Microeconomic Liberalisation's Free World Industrial Settlement establishes an intergenerational policy framework that prioritizes rewarding merit and achievement. This framework, built on principles of global equity and market assurance, adapts to competitive markets and the entrepreneurial ethic through a dual approach: Market Verification via Pilotships and Competition Policy, and Market Validation referenced to the  technological and logistics curve.

Contents:
  1. Public Choice and Truth in Policy Design
  2. Intergenerational Policy Design: A Compact with the Future
  3. Global Equity and Market Assurance
  4. Verification through Pilotships and Competition Policy
  5. Validation through the Technological and Logistics Curve
  6. Summary
  7. Related Articles
  8. External Weblinks

Public Choice and Truth in Policy Design

Public Choice and "Truth" in policy design involves aligning policy goals with societal values and real-world outcomes. It reflects the public's desire for a system that rewards those who contribute most to society and achieve significant accomplishments. This translates into policies that are:
  • Effective: Achieving their intended objectives and delivering tangible benefits to the public.
  • Efficient: Maximizing benefits while minimizing costs and avoiding wasteful spending.
  • Equitable: Fairly distributing resources and opportunities based on merit and contribution.
  • Sustainable: Meeting the needs of the present without compromising the ability of future generations to meet their own needs.
Free World Industrial Settlement embodies these principles by establishing a framework that incentivizes innovation, rewards effort, and promotes social mobility based on merit.

Intergenerational Policy Design: A Compact with the Future

Intergenerational policy design considers the long-term impacts of policies on future generations. It recognizes that current decisions can have profound consequences for the well-being of those who will inherit the future. This approach emphasizes:
  • Sustainability: Ensuring that economic development and social progress do not come at the expense of environmental degradation or resource depletion.
  • Equity: Providing future generations with the same opportunities and resources as the present generation.
  • Responsibility: Acknowledging the ethical obligation to consider the well-being of future generations in current policy decisions.
Free World Industrial Settlement aligns with this approach by establishing a system that promotes sustainable economic growth, social equity, and environmental responsibility for the benefit of both current and future generations.


Global Equity and Market Assurance

Free World Industrial Settlement aims to create a global economic system that is both equitable and efficient. This involves:
  • Leveling the playing field: Ensuring that all countries and individuals have the opportunity to participate in the global economy and benefit from trade and investment.
  • Promoting fair competition: Preventing monopolies and ensuring that markets are open and competitive, allowing those with merit to succeed.
  • Protecting consumers and workers: Establishing regulations to safeguard consumer rights and ensure fair labor practices.
  • Managing global risks: Addressing global challenges such as climate change, financial instability, and pandemics through international cooperation.

Verification through Pilotships and Competition Policy

Free World Industrial Settlement utilizes a market verification sequence that relies on Pilotships and competition policy to ensure that policies are aligned with market realities and promote entrepreneurial initiative:
  • Pilotships: These are subsidies, industry and labor market assistance for new enterprises The Pilotships Regime allows for learning and adaptation, ensuring that policies are effective and efficient in rewarding those who participate and achieve.
  • Competition policy: Strong competition laws prevent monopolies and promote innovation, ensuring that markets remain dynamic and efficient, allowing the most deserving to rise to the top.
This verification process ensures that policies are grounded in real-world evidence and promote a culture of meritocracy and achievement.


Validation through the Technological & Logistics Curve

Free World Industrial Settlement employs a market validation procedure that is referenced to the technological innovation and logistics curve to reward risk-takers and enterprising early adopters of technology.
  • Recognizing innovators and early adopters: The estimated 2.5% of innovators and 13.5% of entrepreneurial early adopters who drive technological progress are rewarded for their contributions. This incentivizes risk-taking and accelerates the adoption of new technologies, ensuring that those who contribute significantly are recognized and rewarded.
  • Adapting to the innovation cycle: Policies are designed to be flexible and adaptive, allowing them to evolve alongside technological advancements and changing market conditions, ensuring that the system continues to reward those who achieve and contribute.
This validation process ensures that policies remain relevant and effective in a rapidly changing world, consistently rewarding those who drive progress and create value.


Truth in Policy Design: Rewarding Merit and Achievement in the Free World Industrial Settlement

Free World Industrial Settlement demonstrates a commitment to public choice and truth in policy design by establishing an intergenerational framework that prioritizes rewarding merit and achievement. Via the deployment of a market verification sequence based on Pilotships and competition policy, and a market validation procedure that references the technological and logistics curve, Free World Industrial Settlement creates a dynamic and adaptive system that fosters entrepreneurial initiative and rewards those who contribute to technological progress and societal advancement. This approach ensures that policies are aligned with public values, real-world outcomes, and the long-term well-being of both present and future generations.


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