tag:blogger.com,1999:blog-32931256.post6733558355529218937..comments2024-03-22T05:20:44.167-07:00Comments on The Disaffected Lib: An Economic System Incompatible With Life on Earth. Time to Move On to Something Better.The Mound of Soundhttp://www.blogger.com/profile/09023839743772372922noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-32931256.post-12018255602411377382017-02-11T06:12:15.408-08:002017-02-11T06:12:15.408-08:00As the economic crisis continues to unfold, the fi...As the economic crisis continues to unfold, the financial service industry faces serious challenges. The crisis is rooted in continuous imbalances, including long periods of low interest rates, rapidly rising asset prices, and massive credit and savings imbalances.Read more at:<a href="https://twitter.com/shenglin_group" rel="nofollow">Shenglin Financial</a><br />Anonymoushttps://www.blogger.com/profile/16088280437843966527noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-3160807493432328042017-02-05T23:42:07.203-08:002017-02-05T23:42:07.203-08:00This comment has been removed by a blog administrator.Anonymoushttps://www.blogger.com/profile/12717867043892918389noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-71983187083045944982016-11-07T10:34:40.443-08:002016-11-07T10:34:40.443-08:00Hugh, I think it's somewhat akin to a Ponzi sc...<br />Hugh, I think it's somewhat akin to a Ponzi scheme in that we're stealing from our younger generation and the three or four to follow to prop up excessive consumption today.<br /><br />Excess consumption of renewable and nonrenewable resources, like the overpopulation crisis, is not part of the political consciousness. We have largely capitulated on both fronts, our best efforts nearly exhausted with the climate change challenge alone and in isolation. <br /><br />The evidence is as tangible, palpable and concrete on these other existential threats but we deliberately ignore them. Why? Because acknowledging these threats would trigger some very unwelcome questions about population control and, worse, how we are to allocate or ration commodities (wealth) that are as scarce as they are essential. Could you imagine a leader seeking re-election on a platform to reduce his voters' standard of living by 40% or more? We prefer to stick with the tried and true alternatives - famine, plagues, pestilence and war. Sorry but that is the real default option.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-88125494919614181602016-11-07T09:07:52.707-08:002016-11-07T09:07:52.707-08:00This comment has been removed by a blog administrator.Dr Purva Piushttps://www.blogger.com/profile/05883980841903455890noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-80860297747108871272016-11-07T07:00:47.245-08:002016-11-07T07:00:47.245-08:00It feels very much like a ponzi scheme, which don&...It feels very much like a ponzi scheme, which don't tend to end well.<br /><br /><br /><br /><br /><br /><br /><br />Hughnoreply@blogger.comtag:blogger.com,1999:blog-32931256.post-41554501179215182352016-11-06T21:08:19.715-08:002016-11-06T21:08:19.715-08:00Hugh, Toby - the problem I see is that we're l...Hugh, Toby - the problem I see is that we're light years away from having this essential conversation on growth. There's not a party in Parliament that doesn't embrace growth. It's become their orthodoxy and they show now interest in looking behind it. Perhaps they fear succumbing to economic apostasy.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-45320552951103734492016-11-06T17:26:06.595-08:002016-11-06T17:26:06.595-08:00It is one thing for business and finance to use th...It is one thing for business and finance to use the GDP as a measuring tool but it is inexcusable for government to do so. Business and finance houses are only responsible to their share holders' greed; government is responsible for the common weal. Tobynoreply@blogger.comtag:blogger.com,1999:blog-32931256.post-16420296066416305872016-11-06T17:02:12.371-08:002016-11-06T17:02:12.371-08:00Govt thinks CETA will grow GDP. They're desper...Govt thinks CETA will grow GDP. They're desperate to grow the GDP, it's their primary goal.Hughnoreply@blogger.comtag:blogger.com,1999:blog-32931256.post-12503371960135453372016-11-06T13:21:38.313-08:002016-11-06T13:21:38.313-08:00Meanwhile, International Trade Minister Chrystia F...Meanwhile, International Trade Minister Chrystia Freeland was on CBC this morning blathering about how great the European trade deal is and how progressive the investor state resolution process is. <br /><br /><a href="http://www.cbc.ca/radio/thesundayedition/myth-of-an-independent-fbi-campaign-fever-chrystia-freeland-on-ceta-sir-simon-rattle-1.3832728/chrystia-freeland-says-ceta-trade-deal-shows-canada-is-an-open-society-1.3832790" rel="nofollow">Chrystia Freeland says CETA trade deal shows Canada is an "open society"</a><br /><br />What she means by "open society" is beyond me. Tobynoreply@blogger.comtag:blogger.com,1999:blog-32931256.post-69986195617113837562016-11-06T13:02:15.961-08:002016-11-06T13:02:15.961-08:00TB, I suppose that might depend on whether carbon ...TB, I suppose that might depend on whether carbon credits are negotiable instruments, directly convertible to cash. I really don't know enough about them.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-56469083386512797262016-11-06T12:23:25.677-08:002016-11-06T12:23:25.677-08:00If money is nothing but credit to be payed by futu...If money is nothing but credit to be payed by future generations are carbon credits nothing more than new attempts to create credit and the status quo?<br />Or am I just missing something?<br /><br />TBAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32931256.post-31908452419147558752016-11-06T11:39:55.669-08:002016-11-06T11:39:55.669-08:00@ Owen - there are forces, powerful vested interes...@ Owen - there are forces, powerful vested interests, that stoutly impede progress almost at every turn. Remember how GMC bought up all the electric trolley producers?<br /><br />http://fastfoodnation-pz.blogspot.ca/2010_02_01_archive.htmlThe Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-67696460880256427942016-11-06T11:36:31.505-08:002016-11-06T11:36:31.505-08:00Thanks for the link, Rural, I'll check it out....Thanks for the link, Rural, I'll check it out.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-79934897420482357742016-11-06T11:36:14.411-08:002016-11-06T11:36:14.411-08:00
Predictably enough, Anon, you have no better sugg...<br />Predictably enough, Anon, you have no better suggestion. All you do is whinge. You must have an exciting life.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-64313753185025768232016-11-06T11:05:29.269-08:002016-11-06T11:05:29.269-08:00There was an old farmer / rancher out west named E...There was an old farmer / rancher out west named Ed Deak (not to be confused with the professor of the same name) who after studying and commenting upon the “economy and economists” for many years put forward the view that ''Wealth is the temporary control of energy. Wealth can not be created, only taken from other sectors, the environment, or the future.'' . This view (with which I agree) is increasingly being shown as correct. It is well worth reading some of Eds many articles at The Tyee and elsewhere, Ed has since passed but is missed by many who read his considerable number of articles on this subject - see http://thetyee.ca/News/2015/08/01/We-Miss-You-Ed-Deak/. Its worth looking up his personal history, this was a common man with an uncommon amount of common sense and with a very low opinion of “economists”!<br />Ruralhttps://www.blogger.com/profile/11814103548500393628noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-20757093548755563862016-11-06T10:51:01.613-08:002016-11-06T10:51:01.613-08:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32931256.post-90300284321413297962016-11-06T10:23:15.832-08:002016-11-06T10:23:15.832-08:00Ir's interesting that some solutions -- like t...Ir's interesting that some solutions -- like the electric car -- have been around for a long time, Mound. But entrenched interests have done their best to keep them buried.Owen Grayhttps://www.blogger.com/profile/06464860078574618579noreply@blogger.com