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Index Entry
Economic Accounting System:
"Conversion of World Accounting System: The world accounting system must be converted from annual agricultural metabolics to an eternal world-around accounting which includes all generations to come, and which is consistent with the cosmic economics of an eternally regenerative physical universal system. The accounting system would include a redefinition of wealth with the scarcity model of economics to be made obsolete by the magnitude of man’s participation in the irreversible amplification of the inventory of information: i.e., know-how. This eliminates economic competition.
"As a by-product of the new accounting system, competition for the monopoly of affection may also be surrendered along with the onerousness of ownership.
"We must advance from an inherently depreciative to an inherently appreciative commonwealth.
“The Universe is not operating on a basis in which the Star Sun opines ignorantly that it can no longer afford to let Earth have the energy to keep life going because it hasn’t paid its last bill: ‘We Stars have got to make a profit!’”
