Capitalism is nourished by growth. Without growth it can’t survive. It’s a function of the debt-based monetary system which requires growth to cover future interest commitments.
We cannot easily address climate change without threatening the capitalist system’s very existence. It could be done, but the status quo has its head up its backside and won’t acknowledge the extent of the problem.
Eventually things will change, the sooner that happens the better for your children.
I’m not holding my breath.
… but never mind, we’re good at rugby and it’s a great place to bring up kids.
Those are good points, except that hundreds of thousands of those kids are brought up in Australia. New Zealand’s economic goose has been gradually cooked by half a century of poor political decisions and short-sighted economic policies. Sadly, like the proverbial frog in the slowly heating pot, most New Zealanders aren’t yet aware of the seriousness of the problem. We’re teetering on the brink of third world status.
The reason this is happening is that we’ve lost the capacity to innovate. Our two biggest income earners are agriculture and tourism, two industries that produce lots of low paying, dead-end jobs. Our prosperity was built on innovation, then we stopped doing it. Sir Paul Callaghan describes this problem in detail in the video link I’ve provided below.
Continue reading “New Zealand’s been in economic decline for decades…”
You need to see this
This Academy Award winning documentary film narrated by Matt Damon is really important. If you wish to understand the full extent of the financial crisis and the cynical lying bastards who created it, you must watch this film. It was made in 2010 but is just as relevant today. These people have escaped all consequences and continue to plunder your assets with ever increasing avarice and to set up the next crash.
The link below is the best online version I can find. If the link is broken, have a version in my Dropbox right here
. You should be able to get it from a video shop, or you can buy it here
‘Inside Job’ provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China.
If everyone in the Western world watched this film there would be bloody revolution. My wife isn’t easily moved by the continual stream of information that I plague her with about the awful state of the world, unlike me, she’s a committed Christian and believes that man is incapable of ruling himself and that God will sort us out fairly soon. However, this academy award winning film stopped her in her tracks. She was stunned, astonished, outraged and profoundly depressed by it. Just as I was.
Maybe the deity should pull Her Divine Finger out.
How the Masters of the Universe betrayed us, how we paid, and how we’re still paying
Continue reading “Inside job”
How the money manipulators are ruining you
Here’s a full length documentary by Paul Grignon explaining how it’s done. It’s 40+ minutes long, but if you’re pressed for time the first 10 minutes or so will be enough to get you hot under the collar. If you’re not into video, read my summary below.
Money As Debt:
Feel better now?
I didn’t think so,
Most people have trouble believing this stuff. Here’s a recent brief article in The Guardian lifting the corner to look at the sorry truth. Generally speaking, the news media don’t expose this outrage. Too many big players are reliant on the system to flourish and to maintain themselves in the ranks of the 1%.
The Guardian article refers to this document from the Bank of England which, surprisingly, confesses to the hidden-in-plain-sight dirty secret.
Here it is in a nutshell
Continue reading “Where does money come from?”
Millions of people have watched Dr Albert Bartlett talk about arithmetic on Youtube. “Arithmetic!” I hear you cry! What’s the big deal?
Professor Albert Bartlett:
“The greatest shortcoming of the human race is our inability to understand the exponential function.”
It’s interesting and important. The conclusions are relevant to everyone.
If we all understood the easily grasped facts about unbridled growth and its consequences, we’d leave a better world for our children, and be better able to see through the nonsense fed to us by politicians, economists, and big business.
You’ll hear, in Professor Bartlett’s talk, the asinine views of influential people who believe that basic arithmetic, and the laws of physics, aren’t applicable in their patch.
It will help you to understand compound interest too. 🙂
Dr Martin Luther King:
Unlike the plagues of the dark ages, or contemporary diseases which we do not yet understand, the modern plague of overpopulation is solvable with means we have discovered and with resources we possess. What is lacking is not sufficient knowledge of the solution, but universal consciousness of the gravity of the problem and the education of the billions who are its victims.
Rather read about it?
Here is a transcript of Dr Bartlett’s talk
How economic inequality harms societies
Richard Wilkinson’s TED talk is a must see, it should be shown in schools, it should be understood by every voter, and by every politician and economist.
Inequality is one of the most important causes of the woes of the 21st century world. Its roots are embedded in our pernicious debt-based monetary system which allows the banking system to steal the wealth of the rest of us by charging interest on debt. That debt is created by banks, at no cost, out of thin air.
It’s worth noting that in the developed world, the most unequal societies are generally those of the English-speaking world and the most equal and most contented are in Scandinavia.
Annie Leonard’s been wondering…
The video which resulted from Annie’s deliberations is a must see for everyone who thinks it’s a good idea to keep our planet viable. It’s a must-see even if you don’t give a stuff about the planet but you just need an excuse to get off the madcap consumer roller coaster.
How did big business create a system that puts consumer products on the shelf for a fraction of their actual cost? We’ve all wondered about it. Annie went to find out and it changed her life.
She tells you in an entertaining and disturbing way how this obscene system started, how it functions, and why—one way or another—it cannot last. She’ll tell you the real cost of our addiction to stuff and why your grandchildren will pay for it tomorrow just as the world’s poor are paying for it right now.
Please visit Annie and The Story of Stuff
Click right here to go to the Story of Stuff website where there’s a lot more stuff about our obsession with stuff. Annie has become the Executive Director of Greenpeace USA recently, so has less hands-on role at the website.