Re: Home for All, polemic development policy

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Article #2836

#2836

From: Fabrizio J. Bonsignore
Date: Fri, 01 Oct 2004 14:33

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As a somewhat stretched analogy, Home for All is like fission
economics. You disintegrate an industry and use the resultant energy
to fuel the rest of the economy. Subproducts are in this case
stable... though there would be `external radiation`. Mortgages act as
controling rods preventing the fission...

As a parenthesis, capital fugues shouldn`t be expected for fully
rational economic actors, but politically there might be a rush out of
the country due to political pressure from land owning interests,
though it must be understood that previous landowers would be
compensated, wouldn`t lose their unrented properties nor non-housing
propertiesand would have excellent opportunities to reinvest the new
revenue stream or the lump sums received. Capital controls might be
needed in practice.

This policy, due to external debts, may need to be implemented on a
worldwide basis, with help from major financial institutions. It would
lead to the Krugman paradigm of lights being turned on... A lovely
scene from outer space, indeed...

(8)>

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From: fbonsignore@beethoven.com (Fabrizio J. Bonsignore)
Newsgroups: sci.econ,sci.skeptic,sci.physics,dc.general,la.general
Subject: Re: Home for All, polemic development policy
Date: 1 Oct 2004 07:33:29 -0700
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