As different from the capitalist economy’s free-for-all approach, the NATORZ economy will sort all economic practices into three categories, based on their priorities for appropriate resource allocation. The primary economic practices will consist of the critical services and industries with the highest priorities, like food, water, air quality control, shelter, energy, health care and medicine, sanitation, transportation, communication, finance, heating and cooling, public safety, law enforcement, climate change mitigation, adaptation and resilience, or anything we need to survive or else someone can die imminently.
The secondary economic practices will consist of the essential services and industries with the second level priorities, like academic and civic education, information and journalism, scientific and technological research and development, environmental research and monitoring, medical research and studies, waste disposal and reduction, climate risk assessment, ‘Reuse, Reduce, Recycling’ industries, or anything we need to keep monitoring and improving to ensure our sustainable livelihoods and adequate protection and conservation of our biosphere.
The tertiary economic practices will consist of the optional services and industries with the lowest priorities, which are everything else not included in the primary or secondary economic practices. They will include only discretionary services and industries, e.g. entertainment, leisure. No one will die because of the lack of such services and industries.
As shown in the previous NATORZ economy overview diagram, the NATORZ structure is relatively straightforward. It is divided into two compartments: a need-based compartment comprising of the primary and secondary economic practices which take precedence over a want-based compartment comprising of the tertiary economic practices. The two compartments are completely separate and use different currencies. Both compartments encompass only healthy and harmless (G.R.E.E.N. or Good for the human Race, Environment, Economy and Needy) industries with sustainable practices that ameliorate climate change. If they meet all these requirements, they are considered ‘natorized.’
In the NATORZ economy, everyone will have a job in the need-based economic compartment. Everyone is expected to work equal hours, contribute and share responsibilities as equitably as possible, with regular job training and job rotation, for backup, redundancy and emergency purposes. Ideally, the Eight-hour Day movement will be revived, with “Eight hours for work, eight hours for rest and eight hours for what you will.” In return, everyone will either receive the same living wage, which will cover basic living expenses and/or daily necessities, including food, shelter, utilities, medical care, transportation, etc., or they will be provided for free. In other words, everyone works to live and not lives to work, by serving each other’s and the community’s physical needs. Any productivity gains will be shared equitably or redistributed publicly in other ways, e.g. to boost employment, invest in other worthwhile causes, practice universal profit-sharing, etc.
Once the workday is over, everyone is free to pursue his/her own hobbies, interests, passions and avocations. In addition, they can also choose to engage or participate in the want-based economic compartment, or not. It will take the form of a marketplace, like Amazon, that offers all kinds of discretionary, whimsical or novelty products and services, as well as books, music, movies and other creative works of art. Anyone can become a seller or buyer. Ideally, people will be able to create their own want-based products and businesses, and pursue their dream careers that cannot practically happen in the traditional capitalist economy because the said careers do not pay enough to support their livelihoods. Most likely, products and services in the want-based compartment will be home-made, on-demand, small scale, creativity-based, free of charge or at a low cost and utilizing, reusing or recycling only waste, surplus or widely available non-threatened materials. There is potential for such a want-based marketplace to become a genuine capitalist free market because it offers everyone free access. The upside is that people will never lose their livelihoods even if they are not successful in their want-based ventures.
Moreover, such engagement or participation is purely optional and voluntary. That is why the want-based compartment is completely separate from and independent of the need-based compartment and will use a different currency, most likely modeled after a digital currency using the more secured, accountable and transparent blockchain technology like Bitcoin (which was created out of thin air, is now US$1 billion dollars worth and has not negatively affected the money supply of the hard currencies).
It is a deliberate segregation to prioritize physical needs over wants and to create work-life balance. When the NATORZ economy takes care of all our physical needs, we no longer have to worry about any financial burdens and obligations that can ruin our lives or our families, and we will be truly liberated from the ‘capitalist money leash’ to pursue what we consider as fulfilling in our lives, after work, possibly in the want-based compartment.
When the NATORZ initially launches, it will be introduced into the existing capitalist economy. By pooling the NATORZ members’ capital, NATORZ can buy up and operate existing businesses or create new businesses that fit the requirements of the need-based economic compartment and NATORZ will become the primary non-profit capital owner. By paying every NATORZ employee the same living wage or its equivalent, all the savings in the wages will go toward the profit margin. By adopting the NATORZ Doctrine and providing for their livelihoods, the NATORZ employees’ productivity will significantly improve, thereby also benefitting the profit margin. By utilizing the profit margin to either lower the price or reinvest back in the NATORZ economy, the NATORZ economic enterprises can outcompete the capitalist economic enterprises.
Let us imagine what if…