The Last Generation are young adults that arrive into their twenties unable to buy a home, nor a car; they cannot afford rents with their available wages. Unable to get into academic programs as they wish, unable to start families at a young age if they choose, and unable to pursue careers that are worthwhile or interesting to them.
Lost – as they begin adulthood with the short end of the stick by most reasonable measures of opportunity.
Last – because this is the Generation that creates Revolution. This is the generation that arrives into each economic cycle’s end unable to make a life easily, until first we see social anxiety and social problems, and then suicides ,and desperation as scarcity continues and societies collapse, and then finally – groups of people get angry.
This Last Generation, born around 1995, is also the group that emerges from an Economic Reset to begin a new economic cycle as well; so they are literally, the Last Lost Generation of a sixty-year Longwave Economics Cycle.
The previous Last Generation would have been the young adults of the mid-1930s – born around 1918; we call them the Greatest Generation today because they took society through our last Reset – World War II – and on to economic success in a society filled with opportunity and equality.
We also happen to be living in a mature nuclear-weapons era today. Nuclear arsenals are designed to keep the peace – ironically; to deter us from self-annihilation through war – or to ensure our own end should we decide that war is a more desirable alternative to devising thoughtful, peaceful solutions to our problems.
So, is this latest Last Generation going to be the last of the Last Generations as well? They very well could be, and not because of nuclear holocaust, but because of Education.
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Transition Economics is the Science of profiting from automation while setting social policy that corrects the naturally occurring financial cycles in Capitalistic economies. Ensuring that people have incomes and that those incomes have renewed spending-powers in a tax-neutral climate is critical now, and this is the goal of transition economics “throttles” and TE Maturity Modelling as well.
Transition Economics Maturity Levels
Maturity Models are standardized measuring charts that help direct the services offered by any leadership team within a topic industry. These models are commonly seen in Construction, Technology, and Transformation Project Management Offices and serve us well in Economics too.
Maturity Models often discuss five or six major steps, which are usually just a series of building-block projects that must be implemented in order to take a group – from Immaturity – as a reactive fire-fighting organization; to Maturity – a pro-active, professional, transparent and successful Economic engine.
Highest-level maturity countries have transcended their cost-center beginnings by offering policies and solutions that make them a sustainable profit generator and a strategic differentiator; a business-enabling force for their country.
What would a TE-Mature Transition Economy look like? Surely it would be running the strongest policies that their business cases and ongoing monitoring confirms are sustaining a healthy, advancing economy. GDP reports would confirm that citizens have strong incomes and renewed spending-power too; and more than this, the most mature countries will have the time, resources and best-practices to help other countries achieve TE-Maturity the same.
A TE-Immature Country will be using policy that is inappropriate for our current K-Wave Winter Economy. These Polices are proven to extend social problems, financial collapse trendings and even threaten lives via homelessness suicides or revolution. We gentrify “Revolution” by calling it Popularism in media today… and surely Trudeau, Brexit, Trump and Podemos (Spain’s two-year-old Anti-eviction Socialist Party that is sweeping to leadership) were examples…
And, more lives will be lost – and more risk of Global conflict will arise as temperatures drop and interest rates rise.
There is a very real urgency warranted for the correcting of Government Economic, Social and Business Policy globally today. There is also very little to worry about in that a Global “Right Plan” and #TEMature Policies exist too.
Developed by observing policies proven to work in 95% of countries that adopt them, #TEMature Policies spell-out a responsible approach step-by-step. See the discussion of TE-Throttles and TE-Throttle Rates in Transition Economics books to understand that these changes can happen quickly and responsible as well.
Isaac Newton and Gottfried Leibniz solved the timeless problem of how to determine Instantaneous Velocity by inventing limits (called infinitesimals back then) and Derivatives in Calculus. Leibniz went on to develop Differential and Integral Calculus as well, and both men could be easily regarded as giant contributors to science who made enormous advances in not only a new mathematics field, but also in physics, science, philosophy, and economics.
Calculus is an advanced field of mathematics, which is based on a very, very simple solution that allows us to calculate rise-over-run slope at point so small that there is no delta; at an instant.
Similarly, the measure of Aggregate Performance for the many policies deployed within one country’s economy, is suggested to be determined by TE-Maturity. We accomplish this measure by normalizing an arbitrary definition for Trending and then establish a baseline called “Collapse Trending”.
Consider that Transition Economics policies are driven and monitored by a business case empirically, measurably; this means that the many and varied ways of implementing any single policy are defined and can be controlled so that differences between one housing policy and another, for example, can be easily compared. If the policy aligns with TE Maturity policy, we can assign a statistical value reliably like 1 or 0, “Yes” or “No”, Like or Not Like, etc.
The new field of Transition Economics is an important read because our current economy must switch safely from a unsustainable status quo of policy that will absolutely lead to collapse; as it always has before every sixty years for 4000 years of our history. At the same time, we are transitioning from a Manual Economy to an Automated one – and this exciting development for mankind demands our smart support too. In Transition Economics:
Science solves Global and Social Problems
When Finance prevents Science
Transition Economics resets Finance
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Highlights of The Last Generation Includes:
“Imagine how foolish will we all look once we have permitted special interests to safeguard inequity – even at the risk of obliterating all in a nuclear war – at the very same time that humanity could have deployed our renewable automations to make money unnecessary.”
Transition Economics – Edward Tilley, 2016
Our Manual Economies are Automating, and this is a very good thing once our governments are ready with the guaranteed income programs that transition citizens safely with policy that renews spending power and gives us ever-more productive and worthwhile projects and lives.
Scientific Cycle Economists realize that for 4000 years, economic controls have been enforced successfully to manage Capitalism’s normal 60-year cycles of peaks and then troughs in one-after-another succession.
History teaches that when we fail to provide important supports for individuals and families at the end of an economic cycle, we create the underpinnings of social problems that lead to societal collapse, revolutions and world wars. We see collapse beginning in Venezuela, Greece and even Spain and the United States – a country with incarceration rates 5-times per capita than the next G7.
When these two cycles – automation and natural cycles in Capitalism – collide within a democratic society that is untrained in how to vote in support of policies that implement responsible financial controls that protect families, we arrive at the pressing need for the new science of Transition Economics.
Unlike 90% of books on the topic, Transition Economics explains very specifically HOW to transition to sustainable solutions in every facet of economy step-by-step. Countless other books, scholarly articles, and media reports stop at explanations of WHAT are the problems.
Transition Economics applies Scientific Method where most contemporary Economics theories do not. This means solutions are based on researched history and observable current fact – and a scholarly “Proof” as well. In this way, Transition Engineering is a study of more than Economics alone: drawing from History, Engineering, Science, Business, Strategic Planning and Epistemology. Strong strategy and planning backed by SUSTAIN Project Management Method provide the foundations of strong leadership.
Voicing problems without solutions that are planned, proven, implementable with clear directions and next steps – amount to platitudes at best and voicing’s of emotional frustration at worst. There can be no responsible leadership without a communicable plan and this is where Transition Economics begins.