Islamic society will bring about new innovations in Keynesian policy.
This innovation will be difficult for today's Christian society. The reason is that the people of Christian society are largely constrained by the professional ethics of ascetic protestantism.
Here is a supplementary mention.
This professional ethics was established by the interpretation of the Bible made by ascetic Protestants.
The reason why this professional ethics was established could be explained by Max Weber's "Protestant ethics and the spirit of capitalism".
Since it is an important theme, I think it will come later.
Here only one point is mentioned.
Future ascetic Protestants think it is possible to have a different Bible interpretation.
The new interpretation may be revolutionary.
Whether or not the Trinity theory is appropriate is an important subject in Christianity.
The child and the Holy Spirit will belong to the category of creator. However, whether or not the child and the Holy Spirit are equal to the father is another matter.
Future ascetic Protestants may change the interpretation of the Bible.
At that time, people in the Christian society will be freed from the constraints of the present ascetic protestantism based on professional ethics.
As a result, the Keynesian policy innovation mentioned in this article will be possible for people in Christian society.
I don't think it's easy. I think that the New Testament is a book written with brilliant genius intelligence.
And those who have interpreted the Bible must have had excellent intelligence.
The result of this excellent intellect is the interpretation of the current Bible.
Keynes policy is the idea of the people of Christian society. Therefore, the professional ethics of ascetic protestantism is strongly constrained by ideas.
Ascetic Protestantism interprets occupational labor as a command of God.
We interpret the profits gained through professional labor as evidence that the person is blessed by God.
An individual's assets are what the person entrusted with management from God, and the person is obliged to increase the assets as much as possible.
As an aside, “Protestantism ethics and the spirit of capitalism.” States that this professional ethics resulted in positive aspirations for individuals.
Because of this restriction due to professional ethics, the main body of the Keynes policy was limited to the government in Christian society.
I conclude that the essence of Keynes policy is as follows.
Policy implementers raise money from finance. Policy implementers use the funds to carry out investment projects.
Policy implementers hire workers to engage in their business and pay wages.
Workers purchase goods from the income they earn.
This establishes an economic cycle.
Economic growth depends on how actively the products produced by a company are purchased and paid for.
Innovation in the industry is realized by a company that has achieved business results by achieving technological innovation for its own growth.
A strong economic cycle realizes this economic growth.
In Christian societies, the execution of Keynesian policy is limited to the government due to professional ethics restrictions on ascetic protestantism.
And funding is limited to buying operations by the central bank.
The government issues government bonds.
The central bank issues a new currency and purchases its government bonds.
The government carries out public works using the funds from the issuance of government bonds as financial resources.
There is a way for asset owners to buy government bonds, but it will not be effective enough.
In the Christian world, it seems to rely on market principles to solve economic problems. Perhaps because of the idea that "I leave it to the invisible hand of God."
The government's policy is essentially monetary easing.
Reduce interest rates as much as possible. Furthermore, the central bank purchases government bonds held by asset owners and companies.
In exchange for this, a new currency is issued and paid.
We expect companies and asset owners who have received funds to actively purchase products.
In reality, however, a strong economic cycle may not be formed.
A few wealthy people may concentrate the world's wealth and expand the Poverty class on a global scale.
As a result, the world economy enters the Great Depression.
This has been mentioned several times in previous articles.
In this regard, people in Islamic society are free from the restrictions of professional ethics of ascetic Protestantism.
An original Keynesian policy will be realized.
Saudi Aramco, a state-run company in Saudi Arabia, has announced plans for an initial public offering.
Saudi Aramco has not disclosed the purpose of the initial public offering, but speculates that it is Saudi Aramco's intent to be an implementer of the Keynes policy.
People in Islamic society carry out this original Keynesian policy with a sense of religious mission.
Because the motivation is a sense of religious mission, they will gain the power of a strong spirit and succeed in innovation.
Their Keynes policy objective is the construction of Dar al-Islam.
Muslims have an obligation to spread Islam.
The purpose of the mission is the construction of Dar al-Islām, as mentioned several times in previous articles.
For Dar al-Islam, I use the following as the sole basis:
I examined jihad at Wikipedia, the free encyclopedia on the Internet. I will quote below.
This article was a turning point from the World Encyclopedia of Japan's Heibonsha.
We have determined that the copyright issue has been resolved.
“In the Islamic law philosophy, the world must be an established Islamic sovereign Dar Al-Islam. An unestablished world is defined as Dar al-Harb (war world). , Where Jihad is needed until Islamic sovereignty is established. "
Jihad's etymology seems to be “effort”. In order to realize world peace, Muslims must make constant efforts.
This effort seems to be of a character that must be continued forever.
Efforts to realize and maintain world peace must be maintained as long as mankind survives.
This is a rule of history.
Letter to White House at Google Blogger My Linkedin Hatena Blog Japanese Blog TOP 叙事詩(になればいいな) KeitaYamada’s diary English Blog TOP Odyssey(wow!) Blog of keitayamada This Google Blogger blog "Letter to White House "is writing Japanese articles with an effort to make it suitable for google translation. This makes it difficult to read Japanese sentences. This "Mail to White House" is translated by Google translate from "Letter to White House". So My English in "Mail to White House" may be unnatural. For that reason, I decided to write a Japanese article on the Hatena Blog that does not care about Google translation. I wrote an Japanese article on the Hatena Blog that summarizes more than 20 Google Blogger blog articles. And I made an English article same as Japanese article on the Hatena Blog. I link to Those English article at below. I'll link it. If it is easy to read, please read it. I hope that G
No.311 Gov bond with zero interest. Allow only central bank to buy. Gov execute new projects using this funds. This bond redeemed only when inflation rate exceeds upper limit. Solve problem. Please judge.
Expansion of industry and economy. State will execute projects that private industries do not. Economy expands by that size. Circulate currency to society according to the scale of economy. Inappropriate to use taxes for this national project. Private industry shrink as much scale as the project. With right funding, NASA projects, for example, will revolutionize everything in the world. Government envisions the project. Central bank will issue new currency to supply necessary amount to the project. Gov issues zero-interest gov bonds in the amount necessary for project, and let central bank buy them. Let me explain. Industrial production is value-added production. Value-added is creation of monetary value from zero. Currency must be provided to there. Purchasing decide value-added of product.So, Executing natinal project always produce value-added. If product is not used, it's consumption. Pyramid construction is huge consumption. Supported ancient Egyptian economy. Let'
No.308 Potential in India. ・・・“God prepared India for the crisis of the world.” Some Christians may think so.
India's potential・・・My guess, from speculation. Japanese people who visit India suffer a culture shock from the caste system. They choose to be Indian friends. Hindu laws govern everything. When the upper caste and the lower caste come into contact with each other, an undesired "Cause" is created in the upper caste. "Cause" causes "Result". "Result" is the result of the dynamism of reincarnation. At this time, an undesired cause is not born to the person in the lower caste. In Indian society, the upper caste does not touch, for example, tableware that the lower caste touches. This causes culture shock to visitors from Japan. I think it is inappropriate to describe it as discrimination. It is a requirement by Hindu law. The highest level of the caste system is Brahmin, and below the four-step caste, there is a caste that is an outcast such as Dalit. The people of Dalit are all free. All are permitted under Hindu laws. I think the Brahmin peo