Podcast
Questions and Answers
What is the primary goal of the just Third Way economy?
What is the primary goal of the just Third Way economy?
What is the role of education in the just Third Way?
What is the role of education in the just Third Way?
What is the purpose of the Economic Democracy Act?
What is the purpose of the Economic Democracy Act?
Why is a just system of money and credit creation essential?
Why is a just system of money and credit creation essential?
Signup and view all the answers
What is the role of government in the economy?
What is the role of government in the economy?
Signup and view all the answers
What can technology bring about in a system?
What can technology bring about in a system?
Signup and view all the answers
What are the five major levers of change?
What are the five major levers of change?
Signup and view all the answers
What is the most succinct way of expressing the just Third Way?
What is the most succinct way of expressing the just Third Way?
Signup and view all the answers
What is the role of the tax system in the just Third Way?
What is the role of the tax system in the just Third Way?
Signup and view all the answers
What is the primary focus of the just Third Way?
What is the primary focus of the just Third Way?
Signup and view all the answers
What is the primary objective of the Just Third Way?
What is the primary objective of the Just Third Way?
Signup and view all the answers
What is the foundation of the Just Third Way?
What is the foundation of the Just Third Way?
Signup and view all the answers
What is the underlying philosophy of the Just Third Way?
What is the underlying philosophy of the Just Third Way?
Signup and view all the answers
What is the primary goal of economic personalism?
What is the primary goal of economic personalism?
Signup and view all the answers
What are the two factors of production in the Just Third Way?
What are the two factors of production in the Just Third Way?
Signup and view all the answers
What is the purpose of limited economic power of the state in the Just Third Way?
What is the purpose of limited economic power of the state in the Just Third Way?
Signup and view all the answers
What is the role of private property in the Just Third Way?
What is the role of private property in the Just Third Way?
Signup and view all the answers
What is the significance of the UN Declaration of Human Rights in the context of the Just Third Way?
What is the significance of the UN Declaration of Human Rights in the context of the Just Third Way?
Signup and view all the answers
What is the relationship between economic personalism and the thinking of John Paul II and Martin Luther King?
What is the relationship between economic personalism and the thinking of John Paul II and Martin Luther King?
Signup and view all the answers
What is the primary goal of participative justice in the Just Third Way?
What is the primary goal of participative justice in the Just Third Way?
Signup and view all the answers
Study Notes
The Just Third Way
- A comprehensive strategy that aims to create a system where life on the planet is good for every person and the rest of nature.
- Based on the philosophy of Buckminster Fuller, who believed in a systems approach to solving global problems.
- Encompasses technological, economic, and social aspects to ensure a just and sustainable society.
Definition of a System
- A system consists of structure, inputs, outputs, feedback, and correction.
- Separate things working together in a coherent and interconnected way.
- Can be understood as a set of principles or procedures that enable something to be accomplished.
The Just Third Way Terminology
- Developed from Louis Kelo's ideas, which were seen as a third alternative to individualism and collectivism.
- Econonomic Personalism: a philosophy that focuses on the dignity and empowerment of each person, promoting fundamental human rights.
Key Principles
- Human person: the foundation of the just Third Way, emphasizing the dignity and empowerment of each individual.
- Two factors of production: human and non-human (capital).
- Three principles of economic justice:
- Participative justice: the input principle within a system.
- Distributive justice: what you get in terms of your output or reward.
- Social justice: ensuring balance and detecting problems in the system.
Policy Principles
- Expanded capital ownership: the missing element to ensure every person can participate fully in the economy.
- Limited economic power of the state: to prevent coercion and ensure economic freedom.
- Private property: an institutional mechanism for people to realize their economic rights.
- Free and open markets: enabling people to participate and determine just prices, profits, and wages.
Other Key Points
-
The UN Declaration of Human Rights enshrines the right to own property, alone or in association with others.
-
Economic personalism is closely aligned with the thinking of John Paul II and Martin Luther King.
-
The just Third Way economy aims to create a system where every person has access to the means of becoming independent and self-determining.### Artifacts of Civilization and Social Constructs
-
Education is a critical artifact of civilization, transferring ideas to bring about change in a system, and helping people understand what is justice, leading to peace and freedom.
-
Education should focus on developing critical thinkers, moral thinkers, and creative thinkers, preparing them to thrive in an economy with robots and artificial intelligence.
Politics and Government
- Politics and government are essential for enacting the Economic Democracy Act, which aims to enshrine just third way principles into law, ensuring equal access to every citizen to become a capital owner.
- The Economic Democracy Act promotes equal access to ownership and other key principles.
Money and Credit
- Money and credit are crucial elements in achieving a just and orderly system, as they influence the entire economy and access to resources.
- A just system of money and credit creation is essential for ensuring equal access to resources and opportunities.
Tax System
- The tax system is critical, as it feeds government and can encourage or discourage equal access to ownership.
- Government has legitimate roles to play, but it is not suitable for economic production, and choice and competition in the marketplace are preferred.
Technology
- Technology, such as computers, artificial intelligence, and robotics, can bring about rapid changes and new opportunities, but its use must be beneficial for everyone.
- Technology can be a powerful tool, but its use must be managed carefully to avoid damaging consequences.
The Five Major Levers of Change
- The five major levers of change are education, politics and government, money and credit, tax system, and technology, which can bring about rapid transformations in a system.
The Just Third Way
- The most succinct way of expressing the just Third Way is "own or be owned."
The Just Third Way
- Aims to create a system where life on the planet is good for every person and the rest of nature.
- Based on Buckminster Fuller's philosophy of a systems approach to solving global problems.
- Encompasses technological, economic, and social aspects to ensure a just and sustainable society.
System Definition
- Consists of structure, inputs, outputs, feedback, and correction.
- Separate things working together in a coherent and interconnected way.
- Can be understood as a set of principles or procedures that enable something to be accomplished.
Just Third Way Terminology
- Developed from Louis Kelo's ideas, seen as a third alternative to individualism and collectivism.
- Economic Personalism: a philosophy that focuses on the dignity and empowerment of each person, promoting fundamental human rights.
Key Principles
- Human person: the foundation of the just Third Way, emphasizing dignity and empowerment of each individual.
- Two factors of production: human and non-human (capital).
- Three principles of economic justice:
- Participative justice: the input principle within a system.
- Distributive justice: what you get in terms of your output or reward.
- Social justice: ensuring balance and detecting problems in the system.
Policy Principles
- Expanded capital ownership: the missing element to ensure every person can participate fully in the economy.
- Limited economic power of the state: to prevent coercion and ensure economic freedom.
- Private property: an institutional mechanism for people to realize their economic rights.
- Free and open markets: enabling people to participate and determine just prices, profits, and wages.
Other Key Points
- The UN Declaration of Human Rights enshrines the right to own property, alone or in association with others.
- Economic personalism is closely aligned with the thinking of John Paul II and Martin Luther King.
- The just Third Way economy aims to create a system where every person has access to the means of becoming independent and self-determining.
Artifacts of Civilization and Social Constructs
- Education is critical, transferring ideas to bring about change in a system, and helping people understand what is justice, leading to peace and freedom.
- Education should focus on developing critical thinkers, moral thinkers, and creative thinkers, preparing them to thrive in an economy with robots and artificial intelligence.
Politics and Government
- Politics and government are essential for enacting the Economic Democracy Act, which aims to enshrine just Third Way principles into law.
- The Economic Democracy Act promotes equal access to every citizen to become a capital owner.
Money and Credit
- A just system of money and credit creation is essential for ensuring equal access to resources and opportunities.
Tax System
- The tax system is critical, as it feeds government and can encourage or discourage equal access to ownership.
- Government has legitimate roles to play, but it is not suitable for economic production, and choice and competition in the marketplace are preferred.
Technology
- Technology can bring about rapid changes and new opportunities, but its use must be beneficial for everyone.
- Technology can be a powerful tool, but its use must be managed carefully to avoid damaging consequences.
The Five Major Levers of Change
- The five major levers of change are education, politics and government, money and credit, tax system, and technology.
The Just Third Way
- The most succinct way of expressing the just Third Way is "own or be owned."
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
A comprehensive strategy for a sustainable society, based on Buckminster Fuller's systems approach, encompassing technological, economic, and social aspects.
