What if we could invent a system that makes people rich without work? There is such a system, the stock market. And, if your company sells stock instead of borrowing money, there can be a financial explosion that makes you a billionaire. Our financial markets are like the Capital in The Hunger Games, only the wealthy and connected benefit while everyone looses out with stagnant wages and rising costs.
The 2008 Crash was caused by collapse of mortgage-backed securities. Loans were given to non-credit worthy borrowers until the system collapsed. What is happening today that may cause a greater multi-level crash?
Question: What do inequity, billionaires, denuded landscapes, drought, over population, and homelessness have in common?
Answer: Economics. The very thing we rely on to sustain us is our Achilles heal. We need to change our view of Economics from the panacea for all of our ills, to severe skepticism.
I have spent the last 15 years trying to figure out how to save the world. What it comes down to is our minds are addicted and we have to let go of everything we know. Caution, this is guaranteed to blow your mind.
Forgiving debt is an ancient Hebrew practice that will benefit everyone and harm no one. We need to do this and much more to save ourselves, our children and our planet.
The business as usual period of society that we grew up in is beginning to come to a close. The change to a future we cannot see yet will be driven by winds of change.
Money seems to be better than sliced bread. You cannot get enough of it. Here is a quick read on some of the reasons we may want to consider alternatives to monetarizing the world.