• Economics,  Politics

    Free Market Economics vs. Capitalism

    Free market economics is about competition between businesses, and it operates under the assumptions of a closed system in which wealth can be redistributed, but the total wealth must remain constant. Capitalism is the contrary idea that the economy is an open system in which wealth can be infused, in order to create a net growth for the economy. The wealth infusion is carried out by the wealthy using a business model that is stripped of risks, and the lender is certain to gain wealth over time, making the rich get richer and the poor poorer. This post discusses how free markets are different from capitalism; in the former, wealth…

  • Cosmology,  Economics,  Philosophy

    The Varna System of Social Organization

    Several of my previous posts articulated the conceptual basis of an economic system different than the one that presently exists. These foundations include: (1) the real economic value lies in the objective properties of matter rather than in its human perception, and an economic system when organized around this objective value tends towards stability, (2) the problems in the current economic systems—both socialism and capitalism—arise from the existence of middlemen either in the form of global corporations or governments, and (3) the economy and government should be localized in a geography to administer the exchange of goods and services, while the exchange of knowledge—ideas and methods—must be globalized, thus creating…