Thursday, August 12, 2010

Implementing Goodwill Capitalism

This is a continuation of a series of posts on Goodwill Capitalism. So far, in the earlier posts, I have discussed the reasons to change the current economic systems in Prelude to Goodwill Capitalism. From there on I went on to Introducing Goodwill Capitalism, Earned and Borrowed GeeCees, Pros and Cons of GeeCees. Please read these posts before continuing on here:

  • Goodwill Capitalism will be implemented as a networked computer system - on the same lines as VISA or MASTERCARD - with a few crucial differences that I will not go into detail here. The technology to develop such a system is already in place. In fact we can even reuse most of the hardware and software technology that is already well tested in the market. Most of the transactions will take place online using kiosks, GeeCee Cards, Tokens and Notes. But there will also be instances where a manual system will be needed to be implemented if there is no access to computers and internet or network systems.
  • As a first level of action, we must start identifying produce, products, services and roles that are to be flagged as Life's essential. Care should be taken to respect regional, religious and cultural preferences. This will be just like configuring the system with procedures, roles, products and services that for all practical are essential to maintain basic standards of living. Think of this as similar to a digital code book of a large HMO for its qualifying procedures, physicians, hospitals and the subscribers.
  • A manual system needs to be in place, to support communities where there are no communications lines or power will be first developed - in the form of configurable implementation procedures and development kits. They must be able to capture and transmit data (manually or digitally) to a central system from physically discrete places and to be set up to post and save transactions. The system must be able to print out GeeCee notes and checks or stamp out GeeCee tokens for every member. The Notes and the Tokens will either have the picture of the bearer or the ID number. As with Cash or bills or checks the GeeCees may be exchanged physically. But they do not take into effect unless the transaction is entered into the system by taking the earned GeeCees into a bank and depositing them. At which point you may get Earned GeeCees notes, tokens and checks of your own that you can use. You may use different color coding system to differentiate between Earned and Borrowed GeeCees.
  • Pilot run or Test Run. There is already a place on the internet where we can try out the concept of Goodwill Capitalism. We can piggy back on any one of the many virtual worlds like Second Life or Kaneva or better create a new one configured for Goodwill and Traditional Capitalism just to try it out through a couple of economic life cycles. It would tell us much about citizen behavior in adapting to the new economic system.


The current infrastructure for financing, producing, delivering and managing healthcare services, food products and services and educational services will continue as before without any change. This is because, the money based system will continue as before without interruption or changes. Even in a Goodwill Economy, people will still be able to purchase health insurance and companies still may provide retirement benefits. Current investments in the insurance industry infrastructure will continue to be used in the parallel economy.

You don't need to stretch your imaginations very far to understand that everything will continue to work just the same as now, even in a Goodwill Economy. But the big difference will be that almost everyone will get the opportunity to thrive, prosper and contribute in the GeeCee Economy - many times more than the those fully participating in the money based free market economy.

Finally, I would like to invite everyone on this forum to participate in a healthy dialog. More often than not, economy has played a central role in wars, revolutions, disruptions and motivation. Whenever a new idea is presented on that subject, the least we can do is to deliberate on its merits and demerits and continue to innovate and discover new ways to live.

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