Product Description

Any economically viable region can create a currency viable only within its borders, use that created capital to build infrastructure and industry, and the circulation of that money will operate a prosperous economy. Simultaneous with the 800-year evolution from plunder by raids to Plunder by Trade, wealth and power established Western property rights law. Those laws appropriated massive sums of money which became capitalism's financial engine. But its efficiency is an illusion. Not only are those laws the foundation of poverty and wars, full and equal rights--as laid out by America's premier economic philosopher Henry George--creates an economic engine half the size with twice the power. The causes of war are eliminated, poverty disappears as technology spreads quickly across the world, a quality life for all the world's citizens can be had in two generations, and the employed labor time for each world citizen drops to 2 to 3 days per week.

Product Details

• Amazon Sales Rank: #2485692 in Books
• Published on: 2006-05-02
• Original language: English
• Number of items: 1
• Binding: Paperback
• 196 pages

About the Author
J.W. Smith, with a PhD in Environmental Economics from Union Institute and University, Cleveland, Ohio has written six books on the elimination of poverty and war. He has been invited, and has presented, his concepts in 10 countries. commongoodbank.com is establishing a local currency banking system based on his insights on banking with the intended goal of providing banking services at 1/3 the cost of monopolized banking. Through a professors lecture, his concepts showed up in Indonesia's major newspaper and they are being studied at that university. He has had many such compliments from all over the world.

Customer Reviews

Economics: The real story
If like me you've always felt a little unsure what those self-proclaimed financial gurus on FNC thought they were talking about, read this book. Because for every neo liberal platitude the talking heads on the tube mouth these days, while the economy is obviously going down the tubes, this book offers a rational, common sense explanation that reveals the deeper economic current underneath. Current monetary policy is exposed as a monopoly. The real story on money creation, public debt, and how private property rights are monoplized, is explained without resorting to abstrations or overly obscure terminology. So do yourself a real favor - as opposed to going on another diet - and find out why you're becoming poorer while the elite become wealthier.

Home Run
JW Smith's books have been an essential tool in my continued study of "how the world works". This outline of money's true value exposes the hidden monopoly structures that disenfranchise the majority of common people through the exclusive entitlements of a hand-picked minority. As a friend of mine is fond of saying: "It might not be right, but it is legal". Alternately, Dr. Smith presents a progressive vision of how the world might work under more democratic "terms and conditions" that eliminate legalized theft, also known as "unearned income". Neither poverty or monopoly can possibly exist in a world where labor is fully paid for their work. JW Smith steps up to the plate, swings the bat, and drives home the far-reaching implications of this truth. It's about time somebody did. Thanks for your work, Dr. Smith!