The economics of a kakistocracy might well be called 'Pelfonomics'...

 

I'll introduce the philosophy of Equalism here as expounded by m.c. macq...

Pelfonomics would be the modus operandi of predation economics.

In this video, he talks about the four foundations of contract law:

Good Faith...

Consent...

Full Disclosure...

Mutual Benefit...

Yes, this term is my creative effort for today:)

One of the primary concerns that has been swept off the table of conversation in recent decades is the issue of unmerited wealth. It should be obvious why this happened.

It's no more important than within the parameters of currency creation or the means of exchange. Who gets to create it and how? And why do they get to create money out of thin air? Why not you? 

Why can't you do it? And why can they?