The main cause of the economic crisis is the excessive cut in labor value. Reducing the value recognized to work, on one side concentrates wealth in few hands and on the other reduces consumptions, production, investments and employment.
This process has given birth to the phenomenon of making economy turn financial: the majority of the capitals is moving from real economy to finance, i.e. from production and trade to speculation.
The main means to take value off labor is legal tender currency, the same currency used to transfer capitals from real economy to finance.
It’s a process lasting centuries. The end of this process implies the end of legal tender currency.
That’s why legal tender currency must be disconnected from real economy and replaced with a work currency.
This is what e-cash has been issued for, to give workers their currency and use it to redistribute wealth and recognize work with the right value.
But how can the replacement take place?
e-cash mustn’t be offered in order to replace legal tender currency; e-cash must be requested as payment. The fastest way would be that the workers ask for e-cash as for payment of their job.
In fact, as e-cash is only assigned to physical people, the enterprises have only one way to obtain e-cash: sell goods and perform service payable in e-cash.
How to adopt e-cash?
100 e-cash are assigned to each one of our citizens at least 16 years old.
Beginning from a certain month, our workers of the private enterprises ask to receive their earnings in e-cash.
Enterprises will have to sell goods and perform services in exchange of e-cash in order to obtain the e-cash necessary to pay the job.
Being able to pay goods and services with e-cash, the e-cash assignees acquire goods and services.
Therefore, the enterprises receive e-cash and pay the job.
The following month the process repeats.
The assignation of e-cash in equal parts causes a real redistribution of wealth.
The possibility to pay goods and services with e-cash causes an increase of consumptions of the less well off without reducing the normal consumptions of the rest of the population.
So, consumption will increase.
Enterprise sales increase if consumption is increasing.
Enterprises increase their sales, production increases.
By increasing production also employment increases.
With the full employment of our workers in private enterprises, the salaries the enterprises have to pay to the workers increase and consequently the sales of goods and services payable in e-cash increase.
As the process works between private enterprises and workers, the same thing will happen with public institutions.
That means that at a certain point public institutions will accept taxes and contributions in e-cash by workers and enterprises and will pay the job to their employees in e-cash.
This way, gradually but progressively, e-cash will substitute legal tender currency.