Elimination of world poverty is possible:

The impoverishment of the developing world is understandable once one learns how “plunder by trade” locks the world into violence and war.

Eliminating poverty is not philosophically complicated;

• Eliminate the monopolization of land, technology, and finance capital through applying Henry George’s principles of full and equal rights, equalize pay for equally productive work both within internal economies and between trading nations, and sharing productive jobs through reducing the employed workweek to 2 to 3 days per week.
• Once all nations and all people have access to technology, their labor is paid equally for equally productive work, and the remaining productive jobs are shared, the productive capacity and buying power of labor in different nations, and within nations, will equalize.
• Eliminating those monopolies will eliminate their superstructures currently wasting half our current labors, will distribute a relatively equal share of the wealth to all members of society, will increase economic efficiency to produce more wealth, and all this while giving societies the time and resources to slow down, and hopefully stop, global warming. Henry George’s cooperative-democratic capitalism assures full and equal rights for all the world’s citizens.

— Dr. J.W. Smith, Founder of the Institute for Economic Democracy

Our primary research

JW Smith’s books, Money: A Mirror Image of the Economy and Economic Democracy: A Grand Strategy for World Peace and Prosperity form the institute’s primary research.

Before writing Money, the author felt he could not challenge capitalism’s economic classics. As the book came together, the savings in economic efficiency were so massive he realized those classics (and thus all their derivative works) were nothing but justifications for a system of theft (Western property rights law) the power brokers spent 700 plus years putting in place and that privatization process is still ongoing.

This knowledge will save serious researchers years of studying writings currently designed to hide, not teach, efficient and just economic philosophy. With those imposed belief systems—designed to protect wealth and power and, up to this point in time, believed—pushed aside, the developing world and every serious researcher can quickly put together honest economic philosophy.

Summaries of our most powerful points

Here are summaries of our most powerful points on elimination of poverty and war:

• The Simplicity of Attaining Full and Equal Rights for all Will Stun You
• A Summary of Plunder-By-Trade That All Can Understand
• Equal Pay for Equally Productive Work
• From Plunder by Raids to Plunder by Trade
• The Developing World Can Leapfrog the Developed World
• Developing the World to a Sustainable Level and Eliminating Poverty in Two Generations
• How the Developing World Can Attain Full and Equal Rights
• Regaining Your Full and Equal Rights to Land
• Reclaiming Full and Equal Rights to the Benefits of Technology
• Reclaiming Full and Equal Rights Through a Modern Money Commons
• Keynote Speech, Radford University
• Exposing the Invisible Borders of Adam Smith Unequal Free Trade Capitalism