Trade Deal Quotes

“The "Push to Perfection Mechanism" is a vital component of a Permacapital Economy. In this type of economy, there is a strong emphasis on timely and voluntary exchange of services and payments between employees, suppliers, and customers. All parties involved expect accountability from businesses, although their expectations differ.”
― Hendrith Vanlon Smith Jr., Principles of a Permaculture Economy

“Productivity is a crucial economic driver in both capitalism and Permacapital Economics. However, the frameworks differ in their approach to its purpose and the ethical and social considerations that surround its pursuit. Capitalism often prioritizes productivity as a means to maximize profit and economic growth, while Permacapital Economics seeks to harness productivity for sustainable value creation and equitable distribution within ecological limits.”
― Hendrith Vanlon Smith Jr., Principles of a Permaculture Economy

“A core element of Permacapital Economics is the voluntary exchange of products and services between people, businesses and governments. Each economic participant is free to choose who they will buy from and sell to. There is no force, collusion, or coercion determining the exchange of products or services.”
― Hendrith Vanlon Smith Jr., Principles of a Permaculture Economy

“A core element of Permacapital Economics Is the price mechanism. Whereby, individual economic participants determine the prices of the products and services they sell and buy, according to supply and demand. Supply and demand is based on individual choices. Supply and demand determines the production of and prices of products and services.

Prices naturally strive for equilibrium, as if being led by an invisible hand. Because buyers will always have a highest price point beyond which they are unwilling to pay for a given product or service, thereby making it unprofitable for sellers to attempt to sell those products or services beyond that price point. Similarly, sellers have a lowest price point beyond which they are unwilling or unable to sell a given product or service. This generally eliminates the existence of products or services which provide no net gain to society. The price system is the most efficient mechanism for ensuring that the needs and desires of buyers and sellers are adequately met among people in society, and that members of society at large has access to the highest quality and quantity of products and services.”
― Hendrith Vanlon Smith Jr., Principles of a Permaculture Economy

“In a Permacapital Economy, the patterns of production, the uses of private property, the delegation of resources, the regulation of industry/commerce, and the movement of prices are all based largely on the desires and demands of the consumers, within the reasonable limits of regulation.

Too much consumer sovereignty will result in the pursuit of low prices and convenience Being at the expense of good wages, harmony with nature, social cohesion, etc.

Too little consumer sovereignty will result in the dominance of government and industry to the extent that the freedoms (liberties) of the people are infringed upon and the efficiency of the whole economy is reduced.”
― Hendrith Vanlon Smith Jr., Principles of a Permaculture Economy

“Because Permacapital Economics prioritizes profit for each individual, it therefore respects the life, liberty, and the pursuit of happiness of each individual.”
― Hendrith Vanlon Smith Jr., Principles of a Permaculture Economy

“Permacapital Economics, as a framework, places a high value on ensuring that each individual has the opportunity to earn a profit or achieve economic success. In doing so, it acknowledges the fundamental principles of life, liberty, and the pursuit of happiness.”
― Hendrith Vanlon Smith Jr., Principles of a Permaculture Economy

“It is a matter of efficiency, practicality and productivity that labor as a whole be divided into specialty jobs that come together to produce greater value than could be produced without such division. Businesses will tend to create new jobs which serve a special function. Therefore, workers will be incentivized to skill themselves such that they may be employed in certain functional roles according to their availability in the marketplace. This phenomena contributes to efficiency at scale, in the economy. Any law or policy or cultural trend which inhibits the division of labor will consequently inhibit efficiency in the economy.”
― Hendrith Vanlon Smith Jr., Principles of a Permaculture Economy

“In a Permacapital Economy, businesses are born and businesses die. When businesses are providing value to customers and society, and doing so with fair prices, better than their competitors - they remain alive. When businesses are unable or unwilling to provide value to customers and society and are overpriced and worse than competitors - they die. The process is determined by what is best for society, naturally, by the various mechanisms at play in the Permacapital Economy.”
― Hendrith Vanlon Smith Jr., Principles of a Permaculture Economy

“In a Permacapital Economy, the life and death of businesses are natural and essential components of the market’s self-regulating mechanism.”
― Hendrith Vanlon Smith Jr., Principles of a Permaculture Economy