Yes, you can eliminate worldwide unemployment and poverty in less than 1 year, with no additional debt. Part 2.
The solution: Now, let’s change the model, using simple principles of Economic Democracy. Political Democracy => Everyone has the right to vote Economic democracy => Everyone has the right to a fair income earning job. This is surprisingly easy to achieve, based on the issues observed in Capitalism. Economic Democracy works on the following principles. Everyone gets at least a fair minimum wage. Accumulation is controlled: All income has to be spent in a month, to minimize accumulation and some accumulation is permitted with oversight. Income has a floor and ceiling, whereby the floor ensures a minimum fair wage for everyone whereas the ceiling ensures people are motivated to be more productive thereby ea...