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RE: FALC, RICH, & LSD: The Stride Towards Freedom
Hi! I like FALC, particularly. I'm in South Africa. Do you think it will gain traction / work in the 3rd world? The prevailing view here is more to get people into employment. Can a 3rd world economy realistically try leapfrog the developed market stage and go straight for something like FALC?
No, not exactly. You probably can't get FALC to work there. However, universal basic income will work there, which would propel 3rd world countries forward and put them on the path to FALC in the future. You could go for the Abba Lerner style of socialism, with land and industry owned by the State and everyone getting a share of the profits as a National Dividend. It's the next best thing to FALC.