the charitable technology 

The End Of Poverty
Feburary 2015

Poverty is not having a reasonable range of choices. A lack of choices is tied directly to a lack of assets or property. Poverty is economic compulsion or a form of slavery imposed by ones economic conditions. Anyone who cannot do other than what they do is poor.

Money does not eliminate poverty by itself. Increasing incomes may work to a limited degree but unless production has also increased it is more likely to simply increase prices or require an additional job.

To eliminate poverty we need to lower the costs of the things we purchase relative to the work we do. This is done best by reducing waste.

We cannot increase Absolute Productivity we can only decrease waste.

Waste creates debt in that if a pie can feed 6 and we feed four and throw away the rest a debt relative to those who could have been fed but were not is created. So, anything less than Absolute Productivity produces debt and is something we ought to be cognizant of.

Increased Demand and static Supply or increased waste increases prices. These increased prices are social costs. They reflect the waste that has to be paid for.

Increased Demand and increased Supply lowers prices because of the economies of scale and the efficiences of Specialization. It means we are approaching Absolute Productivity.

Eliminating debt requires governments not box in creative minds nor hedge them in by regulation and law. We cannot presuppose how best to reduce debt. Creative minds increase Demand while also increasing Supply by making products more accessible and usable thus economies of scale are acheived waste is eliminated and prices are lowered.

High prices suggests the Supply is not adequate to meet Demand. There is a debt inherent in people needing what they cannot obtain. Pricing people out of a market does not mean they do not need what is produced. This is a social cost.

Inadequate Supply means the community is producing the wrong things or the right things in the wrong proportions. It means a community is creating too much debt manifested in too much waste.

Exchanges are private markets that do not waste resources because they are owned by those who use the facilities.

Pollution and unemployment are social costs created in the pursuit of personal gain. The cost of accumulating wealth is transferred onto society and future generations in the form of wasted lives.

Exchanges do not have debt and experience no bankruptcy because an Exchange is not benefitted when assets are transferred from one citizen to another without a reverse and compensating benefit. Trades are brokered only when they fulfill the conditions of a rational exchange, ie when the trade benefits both buyer and seller and therefore leaves no residual debt.






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