All this focus on the economy may mean we take our attention off the real issue. All the focus on sectional interests and pressure groups that drive the climate change agenda, instead of actual planning to change things that must change is distracting humanity from its mission, its meaning and its life.
Real progress follows talking about it, only if plans are made real without all the political watering down of meaning that occurs.
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Showing posts with label Economic disaster. Show all posts
Showing posts with label Economic disaster. Show all posts
Friday, February 27, 2009
Friday, January 23, 2009
On the Brink of Economic Disaster
The last great empire builders - the UK and the USA appear to be on the brink disaster due to the collapse of debt financing.
Due to the mountain of debt compared to productivity mainly in the private sector, the banking crisis looks like it inevitably will move to the next stage despite the extraordinary generousity by Governments of tax payer reserves into the banking sector.
It seems that our addiction to capital is an addiction to “productivity free” capital - in other words the acceleration of capital growth over the past thirty years has been a belief system based on attributed value rather than real value. Notice how your house got more and more valueable?
Continued in End of Empire on DisturbingTrends: predicting future politics
Due to the mountain of debt compared to productivity mainly in the private sector, the banking crisis looks like it inevitably will move to the next stage despite the extraordinary generousity by Governments of tax payer reserves into the banking sector.
It seems that our addiction to capital is an addiction to “productivity free” capital - in other words the acceleration of capital growth over the past thirty years has been a belief system based on attributed value rather than real value. Notice how your house got more and more valueable?
Continued in End of Empire on DisturbingTrends: predicting future politics
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