Did you ever think as to how the world economy works? If you haven't, maybe it is time you take some time and research the basic principles. It would be good to find out why things are the way they are, wouldn't it? Knowing economics would also make you understand the cryptocurrency world much better. We decided to dedicate this post to get you started with your independent research.
The Keynesian model of economics consists of
various theories about how in the short run – and especially during recessions – economic output is strongly influenced by total spending in the economic system. In the Keynesian view, total spending does not necessarily equal the productive capacity of the economy but it is influenced by a host of factors and sometimes behaves erratically, affecting production, employment, and inflation.
Why is this important? Probably because this model advocates management of the state's economy by "higher powers" or
the managed market economy of the private sector with an active role for government intervention during recessions and depressions.
How does "government intervention" sound to you?
The Keynesian theory says that if:
total spending is volatile and unstable, a market economy will often experience inefficient macroeconomic outcomes in the form of economic recessions (when demand is low) and inflation (when demand is high).
These are to be mitigated by economic policy responses, in particular, monetary policy actions by the central bank and fiscal policy actions by the government, which can help stabilize output over the business cycle.
We are aware that Keynesian model of economics worked during Great Depression and World War 2 and all the way to the early seventies but its prolonged usage led to the oil crisis. It surfaced in a slightly different form again when crisis 2007-08 hit USA. However, there are other economic models based on labour which could prove to be much more beneficial for an individual doing the actual job, then in the Kensyan model.
The "Cooperative Individualism model" is the closest to what we do in ADSactly. In order to explain it as short and most accurate as possible, we need to explain "Co-operative federalism model", first.
Co-operative Federalism is the school of thought favouring consumer co-operative societies. Historically, its proponents have included JTW Mitchell and Charles Gide, as well as Paul Lambart and Beatrice Webb. The co-operative federalists argue that consumers should form co-operative wholesale societies (Co-operative Federations in which all members are co-operators, the best historical example of which being CWS in the United Kingdom) and that these co-operative wholesale societies should undertake purchasing farms or factories. They argue that profits (or surpluses) from these co-operative wholesale societies should be paid as dividends to the member co-operators, rather than to their workers
The concept a way closer to ADSactly is the following:
Co-operative Individualism is the school of thought favouring workers' co-operatives. Where the Co-operative Federalists argue for federations in which consumer co-operators federate, and receive the monetary dividends, rather, in co-operative wholesale societies the profits (or surpluses) would be paid as dividends to their workers. A lot of the Co-operative Individualist literature deals with these societies. These two schools of thought are not necessarily in opposition, and that hybrids of the two positions are possible.
If you believe that the person doing the job should be rewarded directly from the share of profits and if you believe the state should have no say in economic systems unless there are some serious crisis going on, then the economics of ADSactly society is something you might find very alluring. As to find out more about ADSactly, please read this series from the beginning.
In case you've ever wondered how to become a founder of the society and be involved in day-to-day operations, there is an easy way to do it. Owning 1 ADXFU unit will grant a place for you. You will be of great benefit to our entire society.
ADSactly society, as an independent issuer, has issued the following crypto tokens (society's units):
(all of our units exclusively start with ADX)
In the previous part we fully covered ADXCU, ADXDU and ADXWU and now we will continue with ADXFU (ADSactly Founder Units). This unit may be bought and sold on OpenLedger.io against BTS (Bitshares) but it represents way more and it is a highly coveted token within ADSactly. It isn’t likely to be sold on the free market, but it CAN be if a founder decides to do so. A member must hold at least 1 FULL UNIT to be considered a full ADSactly Founder.
There is only a limited number of 1000 of these units with no stealth supply. The token has 2 decimals precision. This token, along with all other ADSactly units, may be burned for to increase value over time.
In case you ever wondered how to become a founder of this society and be involved in its operations, there is an easy way to do it. Owning ten ADXFU units will grant that place for you and you will be of great benefit to our entire society.
The ADXFU unit is the ‘premier’ ADSactly token. These units are owned by full ADSactly members who have not only been invited into ADSactly but are usually also service providers as well. Members with these tokens not only get access to the services, consulting, training provided within ADSactly, they are also entitled to become service providers for ADSactly and invite other founders into ADSactly.
This is a highly coveted token within ADSactly, and isn’t likely to be sold on the free market, but CAN be if a founder would like to do so. A member must hold at least 1 FULL UNIT to be considered a full ADSactly Founder.
If you are interested in joining the ADSactly society, please read the series on ADSactly from the beginning. Have all of your questions answered in advance.
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Every honest individual with good intentions is invited to join and offer skills, knowledge, energy, time or resources for various ongoing projects within ADSactly society. The channel is here: ADSactly and you are welcome.