OUR INITIATIVE – STRATEGY:
Turning St. Louis into a Green Growth Metropolitan Model for the world.
Among our initiatives, would be the establishment of a “St. Louis Council of Community Boards” to develop adult and youth grassroots leadership in support of “The Just Third Way” a new paradigm that combines the social vision of Louis Kelso, Bucky Fuller, Fr. Ferree, Martin Luther King Jr. and Wyvetta Young. (It would be modeled after our work with Ennis Francis, the Economic Development Director of the Central Harlem Council of Neighborhoods Boards (CHCNB) after the riots following Dr. King’s assassination.
DAS/ESJ launching a Green Infrastructure Development Bank for financing of America’s growing needs for advanced infrastructural development. This strategy would enable every man, woman, and child to gain equal future shareholder opportunities. Powers and profits. Universal citizen ownership opportunities would provide each teenager, student, homemaker, religious leader, teacher, professor, farmer, union and cooperative member, architect, home builder, police officer, fire fighter, consultant, banker, insurance agent, and small business owner – all citizens – with the financial means from local commercial and cooperative banks to purchase utility formation and growth shares using interest – free and insured loans repayable with the full pretax stream of future profits. 100% leveraged financing from local banks of enterprise shares has been available since Louis Kelso structured the ESOP in 1957 and today over 10 million workers in 10,000 U.S. companies have benefited from Kelso’s vision.
Each citizen would then have a voice in approving key management and key technical professionals of financially feasible infrastructural utilities they choose to invest all or a portion of their government – determined annual share acquisition allotment. We would use proven Kelsonian democratic financing for financing faster rates of non-inflationary and healthier growth of the infrastructural economy. Our Just Third Way approach offers a non- monopolistic alternative to continued monopolization and corruption of economic power through top-down government ownership and control over the operating enterprises that produce whatever goods and services meet the infrastructural consumption need of DAS and of all citizens.
All citizens could then contribute to the planning and development of democratized fossil fuel-free energy production and power grids, national highways and advanced transportation systems, clean water systems, scam-free communications etc.
In contrast to the corruption and productive failures under greed-based Monopoly Capitalism on the political right and the inefficiencies and corruption potential by politicians and bureaucrats of State or collective ownership of productive enterprises on the political left, a truly democratic, free and non-monopolistic market system would promote economic justice to enable DAS and every citizen, from the poorest to the richest, to share in the control, costs and profits of the nation’s infrastructure system.
On the other hand. The Just Third Way would also enhance, not eliminate, the legitimate role of government at all levels to “ establish Justice” to settle disputes, police injustices and promote the lifting of racial and social barriers that deprive DAS and every citizen of fundamental human rights to meet his or her fullest development and unique creative talents to work for the common good of civilization.
I Gene Gordon will reach out to the Mayor, key academics at Washington University and St. Louis University, hopefully to mobilize leadership backing to persuade the St. Louis Fed to approve the use of its rediscount powers under Section 13 of the Federal Reserve Act to enable local commercial and cooperative banks backed by capital credit insurers to advise on risks among infrastructure utilities in all loans to citizens interest in purchasing growth shares of infrastructure utilities around the country. Local politicians leaders, bankers and insurance executives would be asked to seek the support of Congress for tax reforms like those currently available to leveraged ESOPs e.g., tax sheltering for citizens shares held for retirement; deductibility from corporate taxation of the utility of profits paid out as dividends to enable citizens to repay principal on their share purchase loans; additional dividends available for spending would be treated as taxable income at the same rate as labor incomes of the citizen.