ABSTRACT

An economy structured to eliminate subtle monopolies siphoning wealth to the powerful and creating fictional values would provide these societies with a quality living standard with a fraction of the per capita resources, energy, and waste used in America. Most developing world countries have the resources and labor to build their own social infrastructure. They lack only the tools of production (efficient industrial capital) and the training and experience to use them. These developing nations could, then, assuming they had fifty years of peace and cooperation (cooperative capitalism), produce their own social capital: homes, roads, bicycles, business, schools, libraries, recreation. At that ratio, the developed world would have to provide to the developing nations only one-thirtieth of their needed wealth, those all-important industrial tools with which they would produce their social capital. Developing countries cannot compete in world trade until such time as their internal communication, production, and transportation systems are equal to those of the developed nations.