The Optimal Political Economic System

In Socratic dialectics, a dialogue between two sides occurs and over its course it may be resolved with new insights. Aristotle argued for the correct, virtuous optimum as being a balance between two extremes. In Hegelian dialectics, a thesis gives rise to its reaction, the antithesis. The two conflict and are resolved in a new synthesis. And then ... Bunkerman in his two posts on "The Way the World Works" (see October 27, 2009 and January 28, 2010) argues the world - microscopically and macroscopically - is an optimal combination of two or more states optimized considering all possible paths in space and time and ... people.

After four days of posts that critically analysed Capitalism and Socialism by examining and describing the Good and the Bad parts of each system, now is the time to synthesize the findings into a golden mean - a virtuous system that is created by combining the two systems into one that can optimize the aggregate happiness of all people. That is the object.

By breaking down Socialism and Capitalism into their extreme good and bad parts, the reconstruction of a better system is rather easy. We simply take the good parts and eliminate bad parts. As the old Bing Crosby song goes, "... accentuate the positive, eliminate the negative ..."

1. Start with Capitalism - we extract its pure Libertarian core as a starting system. This gives us its economic freedom to find the best way to do & combine resources of people and things, and its motivational and innovational strengths. The Good of Capitalism is kept.

2. Add governmental restrictions - limits, taxes, intergenerational (temporal) transfers - on the wealth and power of persons (natural and corporate) at some high level. This firmly prevents aristocracies from forming. The Bad of Capitalism is eliminated.

3. Use the funds & resources from #2 to fund help to the poor, unlucky or marginalized persons and for limited common shared benefits. This gives us the Good of Socialism: a sense of community support and reduced the risk for all.

4. Add hard, legal - including constitutional limits - on the power of government and its ruling classes. This eliminates the Bad of Socialism.

That is the optimum system of political economics - and lo and behold, we see it matches Fraternal Libertarianism as derived independently from simple axioms - see blog post of January 29, 2010. The robust nature of the superiority of Fraternal Libertarianism to both Capitalism and Socialism is strongly supported by the fact of our having derived this system from two different, independent techniques.

Fraternal Libertarianism is the goal we all should work toward ... bit by bit ... incrementally. Fraternal Libertarianism is complete freedom for the common man, tough restrictions on the rich & powerful ruling classes, and support for the poor, unlucky and marginalized people - a strong safety net - and limited common shared benefits. If we can get momentum and keep it towards national and worldwide Fraternal Libertarianism, the US and the world will become a better place for humanity and all its peoples.

Word of the Day

"Conflate" - verb [$10]
Conflate means to combine into one whole (two variant texts for examples).
Sentence: Conflation of the Capitalism and Socialism and concomitant nullification of their Bad parts, leaves the Good parts of both; the resultant unified system is the optimal system for human political economics: Fraternal Libertarianism.