joseph and his view of things and thinking tiriel and the economics and economics and we want to get over to think of bitcoin and chain whatever chainmail block chain block chain and yes chain mail is another matter like chain radio getting over talking to the material thing of economics and such things like that we're often does a lot of spiritual things last time so welcome back to gentleman and welcome in the audience to those who picked up on  this this talk that we're having and is that right we're talking about why don't you talk about that you had a little company you had a little statement about peter jones friend of mine i like him but i like people though moving forward and like i said it's a movement built around a number of documentaries that peter developed yeah and that's a long film but the st portion reviews  ologies of society and starts to look at it from a medical from a living point of view it's not what's good and bad what's pathological what's d broken in our society and draws the conclusion that the money system itself ok is broken and that among that economy the root of economy is economize and that we need to take a look at what is of value in society what makes a country rich and peter and his reference jock for us go from the venus project now answer that by resource exploitation the faster you exploit the resources if you have a fire sale on the resources that is that is improving your economy that's improving your  you focus on local resilient communities and and what can you grow vocally what is of value in your community and it's a total shift in the valu elements that weren't addressed there one was who's going to build the system and our our reaction to that is you cannot trust the governments to build that system you cannot trust business to bil s are fundamental to the commons and that starts in many ways as a copyright issue which is being replaced a number of cases with copy left out which is something that is created to be shared could most economic thinking and political if there's a thing has got geopolitics reporting geography and politics together and that's what i sort of came up that through everything that got interested  economics a theory are you know as a theoretical field in everything and you've got traditional economic thinking and so forth and like out of the nd world war we had the bretton woods yet the all it was the guy at chicago i forget his name now that the major guy at the chicago school but he said he said it went around and it was actually restated by the president w waters and all that kind of stuff the mountains the o l and everything are natural resources and everything but then there also has to be applied to that human relationship with the resources and that was applied through what they called labor and they developed at thinking that they're all production is really the result of labor and they developed a thing labor theory of value that all value ought to be ascribed to the labor that mankind applies to it and that being a labor they should get better ranges than they do and they should get out of the unions and the reason read the the the the benefits of labor are as sung by the left more or less you know in saying that the people on the asset are the enemy class as it were and they should be encouraging the people of the left to be emphasising the employment rights the right you know all the rights of the of the labor and the study they sing the praises of labor as what really produced as well now the labor period theory of value it seems to me i was talking to you before we went on camera earlier the labor theory of value is very important to many people on the left and say let's get a minimum wage a good minimum wage they should have right he shouldn't be able to discriminate against women all these kind of things in the name of ownership or private property or private sector the people from the left well we've got a problem we're going to get the left and the right together somehow and we haven't been able to do it very well but that's that's a different kind of take on things and i and then what you have with all this technology coming out we were talking about that the labor theory of value has served in terms of the way the societies have been set up mostly what it's been as been some guy with a club but yet another guy on the head with it and then got a couple of soldiers and then got some p r and got some you know writing about it and represent it set up a country and that's called political legitimacy it's called politic whoever's got the power to enforce their will upon the world and bring that to bear against other nations it's call real politic it still rules in terms of the way the nations relate to one another or in the picotee thomas piketty out of france they're all reading him with chagrin because he's saying it i think he he's a moderate a little bit maybe pragmatically or something i don't know over the last three or four years but he's essentially saying that the labor theory of value it is coming to an end because this extension of our technology into not only information technology is overflowing it's niagara and it was combined and you know what you can do with the technology and is over into the labor and it is essentially on a course to eliminate labor in the productive process because they can do almost everything with arrogance at a much better cost ratio and all that sort of thing and they're going to be able to eliminate the worker now most people get their identity fix by what they do i'm a butcher i'm a baker i'm a like candlestick maker and this kind of thing and the work ethic has been or the work principle has been very important and they're claiming that the distribution of income by labor criteria no longer applies because the laborers are going to be put out of the productive perch or labor labor input at all levels they can do it not only things like you know make of widgets and things like that morgue in expense and you don't need people to do it and it's going to be cost effective to just get rid of the people in the productive process of goods and services and that's something that we're going to be confronted with and it's not hardly being taken up at all that still if you look at the thing well we'll do a tax cut and that'll get a good productivity going and that's going to get jobs are going to be created here and there and each of the congressmen wants t jobs in his district in the same old geo politics thing is going on in everything but the fact that they're undercutting the labor import and that's also the way most people get their sense of identity i'm a butcher damn good butcher i know how to cut up a cow or whatever the butcher thinks but you know or whatever or i'm good and i work hard in everything and that's the major glue that holds this side again or and the currency is money leftist viewers who are many of our friends write he wrote a book called the capitalist manifesto he wrote it was motor morat or one of our leading philosophers right and what he's saying is he could see this coming and he said we're going to have to not allow the formation of capital that is the capital formation where you make an investment that's going to pay for it so out of a future earnings most of the money that is gained is made out of the future earnings  capital investment and that's that vouchsafed buy a stock certificate or a piece of property legally guaranteed for the people who are able to put up past savings which is only just a small element of our society what they're going to have to do if the people are being eliminated at their work and and they're going to say well let's get better wages if you we don't need you anymore get out the door something what we're going to do nationwide is to do is to go to the idea that property ownership the ownership of a piece of private property in the private sector should be democratically distributed as a means of distributing income buying power because the major problem holding seats capability of the economic system and its capability to take care of everybody which is staggeringly able to become available to us now in all fields and everything is being held up because the masses of people simply don't have enough money to buy what can be done the good stuff that can be done ecologically good things that can be done in there and they don't have enough money to be participating in it without this this thing called a job or a wage rather a leading edge people the occupy people and so it think those bankers are the bad guys now we're going to have to have the bankers see the wisdom of forming capital in a way for the distribution of the ownership goes democratically there everybody and it's in their own interest to do it because they're going to have to have customers that are able to buy the products that they can come up with and to preserve your otherwise and that's something that doesn't seem to be brought up they just keep to the same old left wing right wing kind of things of seeing thing i'm sorry i ran a little bit but it's true it's it's it's very important now because the conflicts between those who are the producers and then those who are kind of like creating the liquidity and the opportunity for people to produce because there must be financing for pete people to be paid well and when people are paid it's called the wage people are paid that's what it is that's what you're going to do and that's why people go and do something they don't go and do something because they want to go and do it they go there not all the time yeah they can't do that or are not thinking in a statistically meaningful way the thing that motivates the important in their lives and their community and how deep a path follett she that is in our system and has created the fact that western civilization itself is not sustainable you know we were talking in the last show about the changes that are happening now with the internet and we're now at the point where digital currencies crypto currencies have moved into their nd generation global computer system and the language so that the transaction if if you pay somebody a dollar you know you're paying them only a token of value and it's only to know that that's a truly dumb token it means nothing but what you agree on at the moment a smart cohen on the internet can execute contracts at any level determine who you are we're moving into a phase  kind of mincing words talk subject this is this is a massive technological change and and this is coming down the pike in the next four years  r all the all basically all global economic system will have changed over to block change yad l'achim you know the underlying technology by by two thousand and twenty one within faith and trust it can't be a counterfeit it can again be counterfeit and or you understand it all and he use it personally i'm i there's there are fundamental issues with how it's created that issues with how krista currencies are made that would because they're providing a certain service now that is so vital to the to human relations such as privacy and trust which governments are failing to related kinds of technologies are moving in and are being favored but there are fundamental flaws with how it's created that as it relates to resource based economy needs to be addressed is allowed if you can peter  own resource based economy as opposed to gold backed or what so there economy that we have is our federal reserve in that said that that black chains are a user and is incredibly energy intensive as well as computationally intensive there are more efficient ways to produce the same outcome that require less energy and actually align with that the the physical reality of earth they don't have to be done by computers they can be done by other processes that efficiently perform a task that the earth needs to reverse global warming they think that things were people from the currency has to be in line with the physics of the planet so the creation but it's smart element the the key aspects of it and we st of all the amount of processing power is going to be lowered in a major way within the next year to make it more scal e but the concept that this is money that is happening in a real time global d system not a single database some hidden in and somebody has claws it a global database so that if you make a change in one part that is reflected everywhere else right now on the internet since everything's and its own database if i if i take a document and i send it to ted and i take one and i sent the to you they could be two different documents will never know i can make as many as i want with block chain it's that one document you're you're either he has it or you have it or you both know you're sharing it there is no option there is one document in the global i'm sorry i'm getting all mixed up with siegel right delicious if you look at this scenario here based on their lock systems based on where this is going you walk outside you pull out your cell phone and you say i wonder of is there a car on this block right now that i can read it and it's like well what do i want to do i live in this neighborhood i want to rent the car for a day i'll bring it back tomorrow i'll do this ok this is the great hero that car over there will it's like that the owner of the car and you just immediately can connect and make a contract they got a contract on the whole concept of some american governmental agency or something or bank represent should not have to be taxed but there is a whole lot of ethical issues and other things s he figured out but it boils down to the fact that people can make a transaction without having to pay a middleman and that's that's really where a lot of the exploitation is rooted a lot of the a lot of the market or the economy is middle men at least exploitation is very much dependent on middle men so if  they're going to have robotic cars they're going to robotic cars it'll go in your porsche your thing where you are where you're going to be the car would appear to take you there and they may outlaw driving straight because it's going to be based on grids that are going to be doing robotic what these other drivers cab see drivers and think and not and that whole lot of other things presently everything that people do bookkeeping things can all be cyber native right out of the need to have as much more security and so forth like that and the idea of working for what they call a job where you get money for what you do because you benefit the people who own all the assets of that money is going to go out of fashion and i'm going to go out of existence now that is the thing that's with this guy he said ten years this is coming so fast i think i did but now the idea of having a job is the major reason people go to school they're going to go they're not going to go because they love to sit there and listen to the d you know declension of latin irregular verbs or so they're going to because they're going to get a certificate they're going to let them make money make money making money money money money is the major thing that undercuts all of society and you're saying that this and he's saying and others are saying is undercutting a basic glue that holds the world together it is you certainly disrupting it  and but that i think without taking into account the progress of the human imagination and education and inspiration not falling behind right so that i mean if we have this huge material advancement with no intellectual or for the big shots who own all the assets they got the ability they got to have at savings so you've got what they call collateral yeah you can put collateral up the same as you're going to do in new year one is going to earn  one thousand percent profit by the year three of it's existence in the future so you get into tapping into the future value of the thing rather than being limited only to past savings  things like that but you know he said that you're going to have to have the system so that the people can become legitimately owners of what's producing the little shareholder which is the technology that's producing the well they have to become owners of the tech of the stock of that or part in how to do that and as a way and not as a way of getting production but that report of it but it is a way of distributing affected by the way it's produced the growth in production because the labor is going to be reduced to zero so you're not going to get it through wages in the left i said let's have a living wage and all these kind of things to support labor and they're tied in also because that's the way they get a sense of identity that's that's really serious what are we exacerbate the health of the world and people is going to go down the tubes and i don't know what that means automated food production is unbelievably toxic well i don't know what because from that i don't feel like a machine  made like machine agriculture there we need machines to do things like threshing to do things like grain but when we know if most of most food needs the most if this is like from the she thought would be good if i could go in there and sell or go out windsor ontario is just across the river for the detroit river detroit and she got friends who had a nice prior mob there and she said of the good you know summer you could go out there and get on the running around drinking out of a saucer of milk and they had you know all of that at all that kind of stuff and everything and so i was there on the farm and i wasn't there very long before i began to think about it because i'll tell you something you know what it does you know what it is it's hard work yeah i got bradley out of my that yes they gave me a hole in the middle of a field as far as you can see is corn and they give you a thing for your hole where you cut that we cancer that all of the chemicals that require that kind of farming in our body so there we can't get around what it requires i make this and we don't like the canned food there goes in the body what do you think the farming creates cancer where you could do just good old labor blah it's not about only doing when they were in the un it's yeah you don't you want to minimize it but the total the total takeover of farming in invest in an industrial new industry is not the same as farming industry commerce and farming are different things so you don't mix you know the bladder with you know your with your bloodstream there are other reasons that these things are that way so a human being can actually create new crops efficiently on their own observing all of the elements and all of the systems where the most whole system there is then any g m o system could and there's real research about this the children who grow up next times of the amount of energy and then there's multiple services that a mule provides a child it provides topsoil which we need now in order to reverse global warming so the amount of calories that it takes for a tractor and then the comp of the soil there's a whole physics of the earth that just because we're addicted to the blinky blinky of the of the automated system i like automated i love it but i thought it had very little ring but without the grounding of what that natural elements commons and out of that there will need to be a guaranteed income for people guaranteed from the government is that what is because you're going to tax this business and i wouldn't care and i would definitely guarantee rights to have a certain number to the things we need in order to survive housing yeah but not necessarily money because the whole the spiritual relationship you know it was a store that sold like food and stuff and all these things and they had to have somebody put them all on the show and then next door there was another place where they had to put all kinds of things on the shelf and there's people all across the world are putting things things on the shelf to make it possible for use in the store and get cornflakes somebody put him on the shelf and they had to come across the world or something and you have fifty three dollars big supply chain the whole world is like a big supply chain you have fifty choices of corn and you have yeah and you have two choices for president and that is kind are you saying we have fifty people running for president at least at least but the point i'm trying to make is that that the american economic system americans use if you were to look at the usage of all people around the world if everybody used the amount of material that we use milk for the kids i live down the block from a dollar store and that's not rich people but that dollar store is filled with almost nothing but disposable plastics that nobody needs purchased and thrown away on with toxic and toxic plastic is a big problem that they just pollute in the ocean but they have a thing called a guy or something and it's conducting in the ocean and doing really deep large with especially our food with our with the fisheries of the world you know that if we can just have this unhinged selfish self centered economy needs to be so i mean it's it's the human nature is not about being selfish not about not needing them and why don't you are you great about the people who want who want them through exploiting others as a problem the people who would like to enjoy those things through their own work is a different situation so there it's those are false dichotomies everybody deserves and has a right to housing everybody has a right to be able to use it every day but it doesn't have to be through money that they have those basic things that don't got money that's immediate following but the value because everybody can actually make money it's very easy to make money it depends on whether you want to take care of yourself or be dependent on others so this is just a hole in the middle easy to make money it's it's not lord comfortable the it is better standard of living and and you don't want to do a better standard of living not for you and your kids you can stay on groom well we have money they've been telling you how many humanity and still do great that's and that's really that's sort of as you said this puritanical controlling the lie and but there is that there's a much higher vaster sort of field of the risk of what's possible and is seen in other places other examples debt collectors and courts it's row you out on the street if you don't pay the rent well it won't happen without sacrifice and people being real community you know people just want to be individuals on their high horse and work ethic they think their work is so great it sucks by and large you have to go out and pick up garbage or something and you can stay home with your little baby you're a mother and you can at the unrelieved value so how how we get their work ethic socks well  it's the value it's what we place value on the well i mean it's what is of value in your community if you do what you want to do and you should do what you want to do you should do i mean how much we're going to limit the spirit or elemental things like that is for them to have a job to be served on a feudal estate when all of the resources are not really shot by the capital assets of the people who own all the capital assets and you're not i'm not talking about what i'm saying now are you going to get real money and security that comes with it like a good automobile one that starts when you do it not just you know leaving the leaving the one for the poor or the degree of freedom which which helps create it's never ending but actually weak humans evolve to create that's what distinguishes us so we always innovate our way out of our conditions that is being a definition of a human you think where is the fire for that's where it is a course lock in and so forth within twenty years and in the lifecycle of cars all cars basically on the road are replaced d in the twenty one year life cycle and cars that are being built now are driver and actually the know they're going to have that yeah that's a number why the tape i want to play he said i think they're going to outlaw driving you're going to go and you're going to say i'm here and i want to go there and you go boom boom and the car piers and you go and there's nobody driving  which is that's exactly what's happening entrepreneurialism are doing it and it's coming they're going to do away d with the labor theory of value as relevant to his or that's incredibly disruptive it's disruptive and also it also will   and the tolerance of of exploitation will also go down and that's where there needs to be new and new economy so that people can scale their innovation in communities so that they're not dependent on such oppressive issues in the ones that are going to be will be inclusive of a lot of conflicting issues and conflicting views and that you can be going to lose so you're going to have to you're going to want to have something that is going to be not only liberating of the masses of people it was james joyce's history nightmare suffering or the mass of the people from which we're attempting to awaken but  the georgia system is your jase and henry george and his that's where private ownership passed to compliment in advance the comments that our common earth must to be accounted for for private we've run right out of time for this segment of the program but one of the best notices in terms of the economic thing on a systems all that they should get to would be i combination of polar and this guy louis  who's kelso wrote the book the capitalist manifesto capitalism should be advanced to everybody as a way of distributing buying power when the labor is not needed that if you can take their labor away as a way of getting a reasonable means of milk for the