Tuesday, July 5, 2016

On the Vital Role of the Knowledge Donor

Put simply, a newly constructed equilibrium corporation wouldn't be possible without the assistance of knowledge donors, so this post also serves as an informal appeal to those who may eventually consider the offer. However, some readers might reasonably wonder: why am I discussing such an important subject in a blog post (i.e. digitally) instead of via the normal social circles?

There are several reasons. Health and related issues contribute to a present inability to travel on my part, and I can't be certain whether these circumstance will change. Also: without a college degree, I lack some of the qualifications to approach this matter with others at the level of, say, international summit settings where such issues are ideally addressed. I need to be clear as possible in the years ahead as to what this ongoing project would benefit from, so that others could fulfill similar functions in my stead, should they desire to do so.

On the other hand, I do hope to be able to take part in the organization of domestic summits, eventually. In these summits, other citizens such as myself would be involved who don't necessarily hold advanced degrees. Once my work is finally organized in a viable and understandable form, I'll begin efforts in earnest to reach out (digitally) and share it with others.

Either way, summits would bring individuals together from all walks of life, to explore the possibilities of a directly generated services and time based marketplace for the 21st century. For the participants of domestic summits, college degrees would not be necessary to participate, just as this form of institutional recognition would not be necessary for active participation in knowledge use communities, afterward.

However: in terms of setting up organizational capacity, knowledge use systems and the corporate structure they rely on, would greatly benefit from the personal attention of professional donors. My fondest hope is that this new structure can eventually provide a stronger link between a professional world which is increasingly burdened with society's hopes, and populations everywhere which seek to be a part of progress and prosperity.

While an equilibrium corporate structure would reach out to institutions of higher learning in multiple capacities, professionals are particularly needed to assist with some basic elements in three areas: economic, medical and legal. Many problems in these areas have become difficult to address through general equilibrium means - a factor which helps to explain the name of equilibrium corporation as an alternative equilibrium construct for broader economic access.

Today's healthcare professionals are overwhelmed as governments pressure them to expand their services, even though these professionals often don't have the resources (or backing) at the ready which would allow them to do so. Knowledge use systems could eventually relieve some of this pressure, by making it possible for medical professionals to preserve some of the most important facets of healthcare for broader use.

I mention healthcare first, because of its direct links to issues which so many nations now face. Among the reasons nations are compelled to turn back immigrants at the border, is the fact immigrants require healthcare which local citizens fear is already in short supply. And governments are facing new struggles in their efforts to support present healthcare obligations, as well. For instance, John Taylor reminded his readers that the CBO no longer reports U.S. debt levels higher than 250% of GDP, even though the upcoming fiscal projections are not substantially changed. Knowledge use systems would provide an option, for future generations who remain uncertain about the role of government entitlements for services generation.

Just as basic elements of healthcare would be built into the educational structure of knowledge use systems, so too an understanding of economics, as a basic educational component. Regular readers know that I'm particularly concerned about economic education which includes not only the vital role of money, but also the role of the individual as an integral part of supply and demand. It is the ongoing intersection of time value with resource value, which matters most for populations of all sizes in terms of economic outcome.

Tight money conditions since the Great Recession have led to a relative loss of tradable sector activity, in relation to that of non tradable sector activity. Even though this circumstance is difficult to address in general equilibrium conditions at national levels (especially without a nominal level target), an equilibrium corporation would approach non tradable sector activity through innovative means which gradually diminish its costs, as contrast with those of tradable sector activity.

Several aspects of the equilibrium corporate structure are unique in nature, hence would benefit from legal assistance. Local participants would contribute to a direct marketplace for time value, through a process of mutual employment for ongoing activities in services formation. Incremental forms of ownership make it possible to own building components and land components separately, and time value serves as means to accrue asset formation through mutual educational assistance from a young age. By creating the most flexible forms of ownership possible, the equilibrium corporation can quickly respond to changes, whether those shifts in conditions are environmentally induced such as global warming, or even of a political nature such as secession.

As more individuals find themselves on the short end of economic access, the burdens on those expected to remain responsible, only continue to grow. Today's economic and social issues exist at a level which no longer readily responds to reason or persuasion. Further, asymmetric compensation (through discretionary income and revenue) alone is insufficient for full employment in an automated age, and fiscal measures such as basic income are completely off the mark. As technology substitutes for many of the old work roles, it will take time to restore faith in a future with new marketplace challenges.

Even though symmetric compensation is hardly an ideal substitute for merit based compensation and ability in the workplace, it could nonetheless provide a way for many among the marginalized to regain their hope for a better future. Knowledge donors would provide a most valuable service, through helping to define the original framework where knowledge use systems can begin. At stake is the preservation of knowledge for the foreseeable future, and also, the preservation of time value for all citizens.

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