Outline of the New Social Economy

Here are some of the main principles of a future, post-capitalist society.

A. Earth’s available resources need to be managed in order to:

1– Guarantee economic and environmental sustainability


2– Provide comprehensive basic needs for all as a standard package:

a. Food
b. Accommodation (shelter, furnishing, power) including information services – TV and Internet (e.g.)
c. Public transport
d. Education and health care
e. Free entertainment


3– Provide non-standard services based on

a. Occupations meriting them as incentives
As elsewhere indicated, these are occupations particularly valuable to the maintenance and advancement of society and which can only be staffed by people, such as:
Scientists, engineers, programmers, teachers, project managers, medical professions, etc
Such non-standard permanent extras may also be awarded to those who have created an invention or other idea judged useful to society
b. Credits (for more, see below)

B. Occupations and incentives are to be regulated in accordance with:

  • a Merit System of incentives
  • a Credit System

1– The Merit System – based on occupation and position – afford such people with higher than standard accommodation, travel opportunities, access to entertainment.

Such “extras” are a permanent component of each occupation


2– The Credit system is to be a limited type of currency that people can use for one-off acquisition of non-standard services and products.

C. Occupation types and paths

There are basically 2 paths to and within an occupational field

  • by Merit
  • by Choice

1– Certain defined occupational groups (See A.3.a) are filled exclusively on the basis of merit.

a. Merit is determined by

  • testing and
  • performance
Such qualification begins in school and continues via adult training.
b. As a result of one’s performance in school, an individual may be presented with several possible career paths


2– Other occupations do not receive non-standard incentives. These are also chosen freely, affording all with the chance to engage in a personally fulfilling career or activity.

Those choosing a “non-merit” occupation, depending on their nature, can also earn credits (see below).

D. Credits and Wealth

1– Credits are allotted or can be earned.

Credits are allotted to Merit Occupation holders on a scale as a type of “allowance”.
Credits can also be earned by anyone, e.g.
  • An artist produces works or performs.
  • He may exhibit his art and allow free viewing.
  • He may, after acquiring some popularity, sell his works or access to performances for credits.

2– There is, however, a limit imposed on the credits one may accumulate. They are NOT intended to be used for accumulating wealth.

Credits are meant to be spent.

The Credits in circulation are to be limited and controlled.


3– Inheritance:

There are some Meritocracy Party platforms that call for a 100% tax on inheritance.
The idea here is also to prevent the accumulation of wealth.


For the sake of family tradition or other sentiment, certain items or trades may be exempted:
  • Heirlooms incapable of sale
  • Traditional family businesses and the property required to operate them
For example: such an exemption would allow a vintner to continue a family winery.
He could continue to produce wine – perhaps wine in great demand on account of its traditional production method (non-robotic)
Such a vintner could receive the means to operate his business and earn credits subject to monthly or annual limits and other restrictions.

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