User:Mike.Parziale/Financial democracy

The definition of financial is relating to the system that includes the circulation of money, the granting of credit, the making of investments, and the provision of banking facilities. In democracy the supreme power is equally vested in (give into the possession of) the people and exercised by them directly or indirectly through a system of representation and delegated authority in which the people directly choose their officials and representatives.

Power is the capability of acting or of producing an effect. Money is something generally accepted as a medium of exchange, a measure of value, or a means of payment. When money is spent it has the power to produce an effect (including operative force ). Having the ability to spend money is having power.

A vote is a formal expression of opinion or will in response to a proposed decision. In a system of financial democracy people formally express their opinion by choosing to spend or exchange their money. They exercise their power directly by exchanging their money in response to a proposed decision and in the process choose a representative who has provided them with a service/good.

Spending money in the market is voting and the more you have the more powerful your opinion is. The market is the course of commercial activity by which the exchange of commodities is effected. Capitalism requires exchange based on prices in a free market. Free is defined as not being in the position of a slave or serf, not subject to a particular ruling, authority, or obligation, having no obligations (as to work) or commitments (as to duty or custom), not given over to one's customary employment or occupation, having no trade restrictions : open for commercial purposes to everyone : exempt from liability to duty, tax, or toll, not being under an arbitrary, despotic, or totalitarian government : subject only to reasonably fixed laws that defend from encroachments upon natural or acquired rights : enjoying civil and political liberty.

The market is free in a system of financial democracy because the power is vested in the people thus freeing them from a position of a slavery. Slavery is hard work : DRUDGERY, LABOR, submissiveness to a dominating influence : SUBSERVIENCE, control by imposed authority : SUBJECTION.

Financial democracy gives people the power that they need in order to be free in the market (the activity of exchanging services/goods for a profit.) This free market is the basis for capitalisim and is the substantial difference between capitalisim and socialism.

Capitalism without a market in which all participants are free is socialism. Both are political and economic systems that govern people with rules and regulations and administer the production and distribution of services/goods, respectively. Both can have prices set by supply and demand, and the private decisions of those with power. Capitalism requires freedom for all market participants to barter on equal ground while socialism requires those with less power to be employed by those with more power. Socialism allows some people to maintain the majority of the power and with it decide what services/goods get produced (industries get supported), who produces them (who they hire) and to whom the services/goods are distributed (what the price is and other rules for acquisition). The powerless are reliant on the wealthy for the money that they need for their base sustenance (to stay alive) and will work in submission as employees for it. Socialism is a stage of society that in Marxist theory is transitional between capitalism and communism and distinguished by unequal distribution of goods and payments to individuals according to their work. The authority decides what roles deserve a high salary and what roles are rewarded with little power/money/voting ability. Socialism is a plutocracy: government by the wealthy : the rule or dominion of wealth or of the rich Socialism is oligarchy: despotic power exercised by a privileged clique Capitalism is financial democracy: the system in which power/money/votes are equally provided to the people and spent by them to directly delegated their authority to officials, representatives, and entrepreneurs of their choice.