late wrote:You clearly have ideas about economics, but you are apparently too embarrassed to tell us what they are.
It has to start with valid definitions, including the definition of economics itself. Neoclassical economics accepts accounting definitions that have no economic validity, putatively because economic data are compiled by accountants according to accounting definitions, but actually because those definitions remove the possibility of distinguishing earned from unearned income and wealth.
This started in Renaissance Italy, because of international trade. Capitalism and the Modern World happened because of international trade. Now we have to make some adjustments to how we handle international trade.
No, international trade had gone on for thousands of years before capitalism emerged. IMO three key innovations led to capitalism:
1. The Roman innovation of appropriating land as private property, which created the dispossessed, landless working class that could be treated like slaves without the bother of actually owning them;
2. The emergence of credit-based banking using double-entry accounting in Renaissance Italy, formalized with the foundation of the Bank of England in 1694;
3. Newtonian mechanics, which enabled design of functional mass-production machinery and effective use of non-animal energy sources.
I don't know what flavor of kookiness you are selling, but I don't see anyone buying.
Uncomfortable truth is never popular.