E M L

A Republic of Builders: A National Credit System for America’s Productive Renaissance - EXPLAINER:


Listen Later

In every era, the people face a defining question: Will they build a future worthy of free people or slip into the managed decline of debt, speculation and cultural decay? The answer turns not on temporary political moods but on the system of political economy a nation chooses as its operating philosophy.

There are two competing systems in modern history.

One system treats money as the measure of value, markets as the arbiter of destiny and society as an arena of consumption, competition and extraction. Under this system, banks and asset values are placed above labor and production. Financial engineering replaces physical engineering, and speculative gains masquerade as economic growth. This is the monetarist system.

The other system measures value not in money but in the productive powers of labor. It treats human creativity as the source of wealth, public credit as a tool of national purpose and infrastructure as the foundation for rising living standards. Under this system, progress is defined by increasing productive output, rising real wages, expanding scientific capabilities and improved conditions of life for each generation. This is the credit system, also known as the productive economy.

Every great advance in American development came from the credit system. Every major period of decline followed a retreat into monetarism.

The United States now stands at a decisive moment. Decades of financialization, offshoring, infrastructure neglect and cultural fragmentation have hollowed out the economic and civic foundations of the republic. We must again choose the system that builds nations, not the one that extracts from them.

This is a call not only for economic reform, but for civic renewal. It is the blueprint for a National Credit and Productive Investment Era—a return to building a high-wage, high-energy, high-technology republic.

Follow the conversation at https://politicaleconomyproject.substack.com

www.eml.media

...more
View all episodesView all episodes
Download on the App Store

E M LBy E M L

  • 5
  • 5
  • 5
  • 5
  • 5

5

3 ratings