Grozny
27th May 2010, 02:24
I identify and evaluate the four premises underlying Mike Montagne’s Mathematically Perfected Economy™: (http://www.perfecteconomy.com/)
1) People trade things that are of equal value. If they trade things that are not equal in value, then one of them is being cheated.
2) Borrowers are trading more money in the future for less money now. It follows from premise #1 that they are being cheated.
3) Any monetary system subject to interest ultimately terminates itself under insoluble debt. It follows from premise #2 that, because the charging of interest is not currently prohibited, the world economy is destined to collapse.
4) There is class conflict between laborers and usurers as they battle over the unearned gain (surplus value) that is the proletariats’ due. By an argument similar to dialectical materialism, as the world economy collapses (see premise #3), the implementation of Mathematically Perfected Economy™ is inevitable.
Mr. Montagne denies that he is a socialist though I view his theory as being akin to Marxism and find fault with all four of his premises.
See my Critique of Montagne’s Mathematically Perfected Economy (http://www.axiomaticeconomics.com/montagne.php).
1) People trade things that are of equal value. If they trade things that are not equal in value, then one of them is being cheated.
2) Borrowers are trading more money in the future for less money now. It follows from premise #1 that they are being cheated.
3) Any monetary system subject to interest ultimately terminates itself under insoluble debt. It follows from premise #2 that, because the charging of interest is not currently prohibited, the world economy is destined to collapse.
4) There is class conflict between laborers and usurers as they battle over the unearned gain (surplus value) that is the proletariats’ due. By an argument similar to dialectical materialism, as the world economy collapses (see premise #3), the implementation of Mathematically Perfected Economy™ is inevitable.
Mr. Montagne denies that he is a socialist though I view his theory as being akin to Marxism and find fault with all four of his premises.
See my Critique of Montagne’s Mathematically Perfected Economy (http://www.axiomaticeconomics.com/montagne.php).