Wednesday, July 4, 2018

Free World Industrial Settlement

The Free World Industrial Settlement is a proposed socio-economic model that advocates for comprehensive government intervention to establish a sustainable and equitable global economy. It posits that the state must play a central role in underwriting a robust social safety net, fostering full employment, and promoting lifelong career development. This framework is seen as essential for creating the preconditions for competitive markets and validating a post-scarcity rationale for international political and economic relations.

Contents:
  1. Key Principles
  2. Policy Implications
  3. Potential Impacts
  4. Occupational Welfare
  5. The Human Energy Framework (HEF)
  6. Related Articles
  7. External Weblinks

Key Principles
  • Total Inter-generational Public Incentivisation Framework: This encompasses a range of government-backed programs and policies aimed at ensuring economic security and opportunity for all citizens, regardless of age or background. These include:
- Pre-work certificates or training programs
- A guaranteed basic income
- Full employment policies
- Workforce career development initiatives
  • Managed Markets Incentivisation Regime: This refers to the strategic use of government regulation and oversight to guide market behavior and promote Competitive Markets. It involves a combination of "ex-ante" regulation (setting rules and standards beforehand) and "ex-post" enforcement (monitoring and penalizing non-compliance).
  • Totalisation Payoff Structure: This concept emphasizes the need for a comprehensive and integrated approach to economic policymaking. It suggests that government interventions should be coordinated across various sectors and levels to maximize their effectiveness and ensure a fair distribution of benefits.
Policy Implications

The Free World Industrial Settlement model implies a significant expansion of the role of government in the economy. It calls for:
  • Active labor market policies to maintain full employment
  • Investment in education and training to equip workers for the jobs of the future
  • Regulation of industries to ensure fair competition and prevent monopolies
  • Social welfare programs to provide a safety net for those who are unable to work or who are between jobs
Potential Impacts

Proponents of the Free World Industrial Settlement model argue that it could lead to:
  • Reduced income inequality
  • Increased economic security
  • Improved social mobility
  • Enhanced global cooperation
Critics, on the other hand, express concerns about:
  • The potential for government overreach and inefficiency (may be addressed with insightful technological solutions)
  • The feasibility of implementing such a comprehensive system on a global scale (may be achieved with global collaboration, benchmark policy design, and simplified policy adoption)
Occupational Welfare

Occupational welfare refers to the concept of providing comprehensive social protections and benefits to workers worldwide, regardless of their occupation or location. This includes access to healthcare, education, basic income guarantee (BIG), and retirement pensions. It is often linked to the idea of a global basic income, which would provide a minimum level of financial security to all individuals.

The Human Energy Framework

The Human Energy Framework is a conceptual model that views human potential as a form of energy that can be harnessed and developed through education, training, and opportunity. It emphasizes the importance of investing in human capital to drive economic growth and social progress. This framework is often used to advocate for policies that promote lifelong learning and skills development.


Related Articles

External Weblinks



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