patrick, can you explain 'closed loop'? On Fri, Jul 15, 2011 at 2:40 AM, Patrick Anderson <[email protected]>wrote:
This hybrid approach uses Imputed Production at it's core with optional funding from traditional Venture Capital.
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* Potential users pre-pay to fund the purchase of land and capital to form a vertically integrated, permaculture based system we call a Production Aggregate.
* This Aggregate is a set of carefully chosen plants, animals and tools required to create the solutions needed by all of those workers such as food/drugs, shelter, cloth, soap, sanitation, health care, dental, eyes, etc.
* If a payer has skills needed by the Aggregate, they can contract to work somewhere within the Aggregate in exchange for the Aggregate supplying them with Products they need.
* Those workers receive co-ownership in the Aggregate in a form we call "Use Shares" which are similar to full co- ownership, but with some initial limitations on selling or renting those Tools or Products.
* Use Shares are used by the holder to prove that he has the right to use the Tools (limited by schedule) or consume some of the Products (limited by % of holdings within that Unit) of any restaurant, apartment, bus, hospital, etc. operating within the Aggregate.
* The workers do not buy products from the investors, but own those products already because of their Use Shares in the Aggregate awarded for commitments to Work or from commitments of Land or Capital.
* After some amount of time, or after some series of events the Use Shares should vest more fully to the payer to allow for selling and/or renting of those Sources or the Products of those Sources.
* Initial stages of development might have some workers living in mobile homes and eating food the Aggregate bought in bulk.
* Later, after the agriculture is installed and producing, the system will become "self hosted", being able to operate without requiring any external inputs.
* Soon afterward, the system will be producing surplus that can be sold to outsiders to collect Profit.
* If Venture Capitalists helped fund the operation, part of the Profit will be used as their ROI.
* We may want to distribute part of the Profit to the Workers, since that is a popular thing to do.
* We may we to distribute part of the Profit to random charities, since that is a popular thing to do.
* But we MUST handle some non-zero % of the Profits as though that overpayment were an investment from the payer.
* We should charge Profit during those sales, for if we don't collect the Profit, a middle-man will buy all that we offer at Cost, and then resell it for a Profit anyway...
* So we will charge Profit against the Payer, but we will also treat (at least part of) that magic value as Payer Investment.
* This causes these late-coming users to slowly gain ownership and therefore to eventually stop buying that product too.
* Similar to how the GNU GPL enforces Copyleft through Copyright, we propose to create a PropertyLeft document enforced through Property Rights used to apply this requirement to the Aggregate.
* This social contract can be applied by co-owners of any material assets to insure freedom for all users.
* Notice this is also a literal form of Insurance.
* These users must cover all the real cost of production just as any owners do, but they do not buy the product since they own it already - and they don't sell the product because they need to use it directly.
* The product is not traded unless there is surplus, and in that case the Payer must cover all the Costs of that production so the owner of Sources can be compensated for paying when they didn't need to...
* The Payer will usually also pay Profit, according to how much the "market will bear". Some % of that overpayment must be treated as an investment from that payer so the growth of the Aggregate is incrementally autodistributed to all those willing to pay for that growth.
* At some point, and under certain constraints, and mostly to resolve disputes, subgroups must finally be allowed to fork from the rest while retaining property ownership.
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