Capitalism:
In principle and in etymology,
an Economic System that Optimally Rewards
One for Using One's Capita (head)
to Solve Time-Wasting Problems.

Capitalism implies rewarding a person for using one's head (capita) to solve a time-wasting problem. First and foremost is producing the daily needs to live.

In solving a problem the universal, abolute, objective wealth is the time saved.

Throughout history there have been mnay variatrions of symbols that represent the current value of time to reward the problem solver. The word "currency" derives from "What is your time currently worth."

If one wants to live in a world with fewer time-wasting problems, one wants true capitalism that rewards both the problem-solver and problem-sufferer. How is this equality achieved? Profit-sharing.

1. If the problem-solver wants more time than the time-waste of the problem, the problem-sufferer will say "Thanks, but no thanks."
2. If the problem-sufferer refuses to pay then the problem-solver will say, "Live with the problem."

True profit-sharing is the golden mean of equally splitting the time-savings between solver and sufferer regardless of the current symbols of time. This is the economic perspective of Timism: The Morality of More Time, that is, profit-sharing leads to more free time from time-wasting problems.

Government is the #1 time manager of its citizens in all its laws, regulations and judgements. Activities that are over-paid attract the best and brightest resulting in less problem-solving of real problems. Too often people with the money and time buy politicians to enact privileges(private laws) for the wealthy.This is a legal transfer of wealth from working to the non-working. Claims that tax benefits for the wealthy will trickle-down is a blatant lie. The wealthy do not come up with better mouse traps. Instead, they buy politicians for more symbols of wealth.

The Federal Reserves 2% acceptable inflation rate partially indexes wealthfare. Every dollar of unearned income is a dollar of inflationary pressure. The biggest bank robbery in history is the 401k. In the form of dollars, workers retirements were stolen by Wall Street without any new or better mousetraps. In fact, the process of cooking the books so a corporation looks better in market share valuation eliminates many basic, low profit items, e.g.,. Lava Soap. This is not capitalism.

Funny numbers on funny paper obscure the debasement of capitalism, that is, the time created or saved by solving a problem. Symbols of problem-solving worth are divorced from the time-saving substance of solvng a problem.

The recipients of wealthfare are like wellfare recipients: worth less. In between the wellfared and weathfared is the muddled  well-welled class, that is, the "Well, well, that's too bad." The well-wells are worth less because on weekends they watch players instead of the politicians who legislate and legitimize legal thievery.

Capitalism per capita.

1. Capitalism is a victim of identity theft. Wall Street, bankers and economists have hijacked the terms of capitalism to decapitalize companies and to decapitate jobs.
2. Democracy is the ultimate form of profit-sharing. In a zero-sum world, democracy liberate the under-privileged from the over-privileged. The latter bribe politicians with campaign contributions and bribe judges with expensive off-the book swag.

Decapitalism:

1. Profit-taking, not profit-making or profit-sharing.
2. The wealthy do not create wealth . For more unearned wealth, they hire habitual politicians and tenured economists.

Concomittant with the continuum of profit-sharing to profit-taking are rights/freedoms and pride/proud. A bank robber may have more symbols of wealth but he does not have a right to be proud, just false pride. This analogy applies to more educated individuals as one can steal more with a computer than a gun ... even more with an accountant but not as much as buying a politician ...but for the most return, buy an intellecutal streetwalker to obscure your massive theft--an economist.The more wealth one steals, at a certain point, one ends up worthless when the rabble rises to re-set the legal  laws to reward the wealth creators.

Capitalism is a victim of identity theft. Wall Street has hijacked the terms and tools of capitalism to decapitalize businesses and decapitate jobs. Decapitalism: Economic Bloodshed.

Timism: The Morality of More Time

1. The quality of money reflects the quantity of time it will buy of others' goods and services.
2. The quality of one's free will depends on one's ability to will freedom from time-wasting problems which corelelates with one's relevant knowledge of problems. All have free will but some have more freedom than others.
3. The quality of free speech is the quantity of time created or saved by speaking. Hate speech is not free speech as it enslaves the speaker and listener into the prison of igknowance. Demagogues practice Gresham's Law.
4. The quality of love is the quantity of time given to the beloved to have fewer problems. Love without time wastes the time of the beloved.
5. The quality of happiness is the quantity of time free from problems. Igknowance is bliss only until the igknowed problems blitz your life.
6. The quality of creativity can be quantified in the time saved or created by one's actions. Afterall, the biblical god created time. As 90% of human activity is climate-cancerous so is 90% of human creativity nothing more than useless mental masturbation, e.g., MacArthur Genius Grants that like most foundations is a tax-dodge for conservatives to conserve their wealth.
7. The quality of daily life (civilization) is quantified by the amount of free time to smell the roses, to question the meaning of life and to learn from the past. The lack of the latter means a growing lack of free time from repeating the time-wasting problems of the past.

Related Readings

Currency: Symbols or Substance (231 pages) Indices: Capitalism ... Currency ... Lifehours (nutshell) ... Profits/Pride ... Rights/Freedoms YouTube: