What would happen if some percentage between five and thirty-five per cent of world economic output were extracted out of commodity circulation and redeployed? It would be used as the base from which to free the world of severe wealth-deprivation. Humans suffer from malnutrition, lack of drinking water and so forth, in many countries. The number of such persons is large.
Even a five per cent extraction and redistribution might allow many of the deprived world food and water for their basic needs for physical well-being or health. We do not know what to make of this idea. It conforms to nothing currently being discussed in the intellectual circles. It is something we really have to think about, and then perhaps, we will be able to consider the notion.
Far from being a charity concern such a redistribution move is concerned with the nature of the interaction of capitalism and welfare. It is not a matter of charity. It would redeem the social character of capitalism. (See previous blog to get a better idea about this concept of mine that concerns a social side to capitalism.)
It would not be such a big change from the present system of capitalistic economics. For example, more or less the same commodities would be made. It would interrupt normal business only for a removal from commodity circulation and redeployment. I am quite certain that such an economic move would still be classifiable as being capitalistic. This is to be understood as a kind of clever idea within capitalism. It is an innovation within capitalism, or a new idea for the capitalist system, not aimed at supporting capitalism per se (ala "The Laguno Report") but simply aimed at the general welfare, and at basic moral principles. It also would coincide with the present system that we understand as being that of "capitalism." The notion of the definition of the term "capitalism" is beyond my scope here, but the move would help obtain that definition. In thinking this over for about eight years the present author has never found a compelling reason that I am wrong, and thus this, my idea, represents what might be a legitimate aspect of a more advanced stage of capitalism.
In thinking the idea over for around eight years another result is that I have come to a new understanding of capitalism. I believe therefore that we may be thinking about capitalism in the wrong way.
Thus, there are two basic tenets of this philosophical system and these are those of a new trading method or wealth-distributional method, and, a new understanding of what "capitalism" is.