A RADICAL POLICY FOR COMBATING UNEMPLOYMENT

The book describes a proposal for a new policy on combating unemployment. The full concept includes an innovative “entrepreneurial” activity, but without any business involvement of capital holders and, therefore, any risk. The state regulates the crucial issues, with the necessary institutions. There is a combination of funding: a major part of funding is private. The public co-financing is significant but minimal and partly returnable. The local authorities coordinate the procedure. All economic actors are active in this process. The unemployed persons work as autonomous workers. This policy includes the initial financing by the holders of capital (common deposit accounts are created within the commercial banks at a special interest rate). The citizens, as consumers of the offered services by the beneficiaries, participate to the financing of the program. Special securities are created for the payment of beneficiaries (from the pool of unemployed persons). The beneficiaries’ remuneration is absolutely included in the securities. The securities include the contribution to the social security system and the relative tax. The function of the policy creates dividends by its yields, for the beneficiaries and the stock holders. The implementation of this radical policy does not have any of the problems of the previous models of intervention. Unemployment could be an issue of the past for our civilisation.