Manifesto of National Economics: The Essence of Money is Labor-Power - The banking monopoly over money is the root cause of national economic hardship
Abstract
The current global economy is generally sluggish. China's economy also faces numerous difficulties and challenges, and Since 2017, the birth rate has continued to decline.This paper thoroughly adheres to Xi Jinping's people-centered development philosophy and, through logical deduction, reveals that Currency is not a liability certificate of banks, but the substitute and soul of labor commodities. Its essence is Labor-Power(LP), the crystallization of people's reproductive labor, and its rights belong to the people.Further empirical research finds that currency issuance is essentially the primary distribution of a nation's economy, matching its economic growth. However, it has been monopolized and appropriated by banking sectors worldwide, leading to insufficient consumer purchasing power and diminished public benefits, which in turn cause difficulties in sales, employment, and marriage and childbirth. This is the root cause of the country's economic difficulties. This deep-seated, structural contradiction has long gone unnoticed in human society because traditional mainstream economics systematically upholds and conceals the banking monopoly on currency.This paper proposes a "fertility-based currency system," advocating that the state issue currency solely through childbirth subsidies. By continuously raising people's income levels, this approach can stabilize the number of children, generate genuine consumer demand, address the shortfall in consumption, and establish a stable anchor for economic growth. This will dismantle the banking monopoly on currency, resolve the current economic predicament, and perpetually drive social reproduction and full employment, achieving thriving production and sales and ultimately building a truly developed nation.Based on this, the paper adopts a "manifesto + thesis" format to establish National Economics, presenting a systematic theoretical framework and actionable reform pathways. It aims to construct a new paradigm centered on the people for currency, employment, and economic growth, offering a fresh solution for global economic governance.
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