Robert Searle:

The potential implications of Transfinancial Economics are vast, and outstanding in many respects. Alot of the Facilitation Finance would occur with the introduction of Electronic Transaction Monitoring, or ETM which would take into account in advance the productive capacity of relevant businesses in a commercial project. Thus, the production of the “right” amount of new non-repayable capital could be assessed without fear of serious inflation.

It is also becoming increasingly clear that funding via redistribution of financial wealth through taxation, and donations to NGOs using earned money will probably not be enough to bring about genuine global change. Hence, the pressing necessity of Facilitation Finance.

Anyway, let us now list some outstanding implication of TFE with some comments.

I. Democratic Governments.

They would find it easier to fund social, economic, and political projects as taxation is gradually phased out. Bonds could also be gradually replaced with alternative investments notably in a growing ethical/green business market replacing old “unsustainable” businesses.

II. Independent Grant-Giving Bodies for Non-Government Organizations, or NGOs.

These would have money from earned sources, and also most notably hold new non-repayable capital from FBs. The latter may ultimately replace the former as the sole source of funding. All this implies that NGOs, and other non-profit societies would be able to increasingly undertake more, and more social, economic, and political work for the betterment hopefully of humanity. Thus, organizations for example dealing with heart disease, cancer, AIDs, and the like would find this highly beneficial.

III. Ethical Takeover.

This is a controversial measure which could be undertaken in which companies regarded as being somehow unethical, and/or environmentally unfriendly (eg.the arms trade), or producing wasteful, or”unnessary” products could be taken over in a “hostile” bid. This could come about with pressure from campaigning NGOs possibly in partnership with certain democratic governments. Facilitation Finance could come from a government, or even a FB using extraordinary legal powers to create the new capital to finance the ethical takeover bid. This could have implications for the corporate world in general especially if it does not gets it act together by becoming more ethical, and environmentally friendly.

IV. Industrial Emissions.

Arguably, a better method than cap and trade is to try to cap industrial emissions by Facilitation Finance as subsidies. This could compensate any loss of profits, and at the sametime ofcourse reduce pollution which could lead to runaway global warming.

V. Green Technologies.

At present, governments find it difficult to fully switch to green technologies such as wind farms, and solar energy. They require subsidies of earned money from the taxpayer.However, with the right legal arrangement there is no reason in the world that Facililtation Finance could be used to speed the process forwards rather than have the installation of nuclear power stations.

Incidently, TFE does not believe in continous economic growth. But growth would be necessary for the initial mass financing, and restructuring of various businesses. With mass education by certain organizations society must learn to accept to live in a simpler, and less greedy world.. but one in which advanced technology exists.

VI. The Ageing Population.

Notably in the developed world people are living longer. With Facilitation Finance it could be possible to fund in full, or in part quality care homes, hospitals, hospices, and carers. This can happen with the help of private commercial providers, and the state.

VI. Adaption, and Mitigation.

With the probability of unpredictable weather changes which could threaten whole populations, Facilitation Finance could in full, or in part expedite adaption, and mitigation projects which could protect people.

VII. Mega Resource, and Environmental Projects.

Here, again Facilitation Finance could be created by FBs, and governments using extraordinary legal powers. It could for example be used in full, or in part for mining resources on other planets notably the moon. Such extraterrrestrial resources could be brought back to earth.

VIII. Inequality.

Be they poverty reduction projects in the developed, or undeveloped world there would always be funding from FBs, and in certain cases from governments for social enterprises that help to improve the economic status of people.

IX. Universal Health Care.

TFE raises the serious possiblility of quality universal health for everyone in the world, and not just in the rich countries. Facilitation Finance could in full, or in part create a business model which could be largely controlled by private firms, or mainly by the state.

Many other outstanding implications of TFE could be listed. The above should give us an idea of the sheer scope of what could be done with a revolutionary, and ultimately high-tech financial system. If its claims are true, and workable this new global paradigm could become the greatest revolution in the history of economics.

It should be added that “full”development of TFE would also need the help of experts notably in the law, economics, and information technology. Moreover, a largely pragmatic approach towards banks, and corporations would probably be adopted to ensure that the introduction of this paradigm becomes reality.

For more information about this “work in progress” project see http://www.p2pfoundation.net/Transfinancial_Economics