OT but a welcome bit of brightness

You sell one, and buy materials to make 2. You sell 2, and buy materials to make 4. You sell 4, and buy materials to make 8, ect. Pretty soon you are looking at very big numbers. Capitalism is founded on growth. Even with planned obsolescence, an infinite amount of widgets requires an infinite amount of resources.

I'll be back.

Reply to
Billy
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you're confusing capitalism with some imaginary construct.

songbird

Reply to
songbird

Same here.

Hungry is a hard companion.

Certainly not in a contemporary context. Just look at his quotes. These days politicians just keep their heads down, and continue taking the money. Not a squeek about the Military-Industrial-Complex.

He wasn't good at playing games.

"War is a Racket", by Smedley D. Butler.

"I helped make Mexico, especially Tampico, safe for American oil intersts in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefits of Wall Street. The record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I brought light to the Dominican Republic for American sugar interests in

1916. In China I helped to see to it that Standard Oil went its way unmolested."

I find it despicable and worth fighting against. There are no more countries to colonize, so we are colonizing America. The outrageous treatment of people of color in America, will boon be visited on our paler citizen. The chickens will come home to roost.

As I noted in a different post, it is intrinsic to capitalism. The difference is now we are running up against the finite limit of resources in the physical world (cyberspace is something different). As with agriculture, we ran out of arable land, and now we are reaching the yield limits of our new cultivars. The only resource that we have plenty of is people. That said, keep one eye open when you take that nap.

The thing is that it's not the institutions. The most efficient, and beneficial government would be a benevolent dictator. The results of the institutions of government depend on the love in the hearts of those who direct them. If citizens are simply a crop to be harvested for their tax dollars, like wheat, the results will be different than if there was real concern for the welfare of the people.

The world is full of Asymptotes. Don't let them wear you down.

Yeah, but they bloat locally, not in Charlotte, New York, or San Francisco.

We had early warmth, and dry weather (fire season started a month ago), and even with the days still short here on the north side of the hill, the plants were jumping. Now weather has returned to seasonal (70F), and the tomatoes, and the peppers have stalled. The end of the month is supposed to return warm weather, and I'll be gardening again.

Onions and beets here today, and some landscaping for my Lovey.

Amen, brother, amen.

I'd settle for an afternoon lunchmeat and cheese plater, a fresh baguette, and a $10 bottle of French wine from TJ's.

It's good for my spirit, but anathema to my body. Classic double bind.

And sometimes it comes from being in on the joke ;O)

In any event,

Be kind; everyone you meet is fighting a hard battle. - Plato

Dibble on!

Reply to
Billy

In that case, it is a mass hallucination ;O)

Capitalism requires growth. A system that requires growth cannot last forever on a planet that is defined by ecological and social limits. Capitalism is therefore fundamentally unsustainable sooner or later it will run up against those limits and the system will stop functioning.

The current economic crisis which began in 2007 is unlike any previous crisis faced by global capitalism. In earlier downturns there remained a way to grow out of it by expanding production there were new resources and energy supplies, new markets, and new pools of labor to exploit. The system just needed to expand its reach, because there was plenty of money to make outside its existing grasp.

From an ecological point of view there is something crazy about capitalism. An ecological worldview emphasizes harmony, sustainability, moderation - rather like that of the ancient Greeks, for whom a constant striving for more was regarded as a mark of an unbalanced, deranged soul. Yet every capitalist enterprise is motivated to grow, and to grow without limit.

The root problem with capitalism is not that individual firms are incentivized to grow, but that the economy as a whole must grow, not to survive, but to remain healthy. Why should it be the case that a capitalist economy must grow to be healthy? The answer to this question is rather peculiar - and very important. A capitalist economy must grow to be healthy because capitalism relies on private investors for its investment funds. These investors are free to invest or not as they see fit. (It is, after all, their money.)

But this makes economic health dependent on "investor confidence," on, as John Maynard Keynes put it, "the animal spirits" of the investors. If investors do not foresee a healthy return on their investments, commensurate with the risks they are taking, then they won't invest - at least not domestically. But if they don't invest, their pessimism becomes a self-fulfilling prophesy. The lack of investment translates into layoffs - first in the construction industry and those industries dependent on orders for capital goods, and then, since layoffs lead to a decline in consumer-goods consumption, in other sectors as well. Aggregate demand drops further; the economy slides toward recession.

As we all know, a slumping economy is not just bad for capitalist investors. It is bad for almost everyone. Unemployment rises. Government revenues fall. Indeed, public funds for environmental programs are jeopardized - as mainstream economists are quick to point out, impatient as they are with "anti-growth" ecologists.

So we see: a healthy capitalism requires a steady expansion of consumption. If sales decline, investors lose confidence - as well they should. So, sales must be kept up. Which means that a healthy capitalism requires what would doubtless strike a visitor from another planet (or from a pre-capitalist society) as exceedingly strange - a massive, privately-financed effort to persuade people to consume what they might otherwise find unnecessary.

Capitalism assumes an infinite supply of resources, which is absolutely absurd. Infinite growth within a finite system is impossible. Real scientists understand this. However, many economists would have us believe that it¹s alright if we run out of something because there will always be a substitute. And when we run out of that, another substitute. Unfortunately, the planet we live on doesn¹t work like that.

There are natural constraints at play that are completely missing from our economic models. We are all living with our heads in the sand. It will be impossible for future generations to experience the growth and material wealth that we have now because we are using up our natural capital as quickly as we can with no regard for what will be left in the future.

It's capitalism or a habitable planet - you can't have both

Our economic system is unsustainable by its very nature. The only response to climate chaos and peak oil is major social change

Capitalism is not sustainable by its very nature. It is predicated on infinitely expanding markets, faster consumption and bigger production in a finite planet. And yet this ideological model remains the central organising principle of our lives, and as long as it continues to be so it will automatically undo (with its invisible hand) every single green initiative anybody cares to come up with. =======

In any event, it's not idiopathic behavior.

The only way to stay healthy is to eat what you don't like, drink what you loathed, and to do what you would rather not do. - Mark Twain (1835-1910)

Reply to
Billy

No he isn't. The way capitalism works in Western economies requires constant growth in the economy, not only that but it has to be at the correct rate. Our (Oz) federal bank manipulates money with the stated intent of maintaining growth within a narrow range - about 3% PA IIRC. I think yours does too. Politicians of most colours cannot keep from crowing when growth is 'good' and trying to blame somebody else when it is 'bad'. They have accepted that the people want higher standards of living (or at least as high as they have now) and that living standards are inextricably linked to growth. There are plenty of examples to support this where very fast growth or economic shrinking has produced horrid outcomes for the wider population. Very few publicly question the system that requires this but question it we must.

Capitalism is the product of the era of unrestricted human expansion across the globe. To maintain economic growth one simply increased population and found new resources and markets in foreign lands. Of course technology fuelled this expansion by enabling faster extraction, transport and utilisation of resources.

Economic growth requires goods, production of goods require materials. Thus as it currently works the system must continue to extract fuel, metals, fibre, timber etc from the earth at an ever increasing rate. Many of these resources are limited and will be consumed sooner or later. Thus, the present system embodies the seeds of its own destruction. The issue even has a name "decoupling". The aim is to find a system where maintaining a standard of living does not require constant growth, ie the two are decoupled. So far nobody has done it. What is worse very few seem to be concerned. We are generally restricted to peripheral arguments that climate change isn't real or that science and technology will save us. The fact that the core system was developed and succeeded in an environment that no longer exists, and can only continue to succeed when those conditions exist is widely ignored.

David

Reply to
David Hare-Scott

it sure is, because proving some point in an argument using really shoddy research sources is not going to convince anyone who's paying attention...

wrong. the production of goods/services requires nothing other than having the means of production, which in the modern case means materials and labor. there is nothing in the system which required profitability (but it is included in the definition i have in the dictionary, but i think that is a minor quibble compared to the greater flaw in assuming there must be growth).

capitalism won't cease functioning. that's like saying people will stop breathing of their own free will. not many can do it for long...

gah! utter crap. the crud just works as it does. if we want it to work differently then we need to convince a large enough number of participants to change their values. because values are what wealth measures and what people consider wealth will change. by definition in an enclosed system the rare resources will cost more as they become harder to attain. in a closed system where food becomes scarce then the costs of food increases enough to where more people will find it well worth their time to turn lawns into gardens (this is already happening) and to put some previously damaged lands back into production via cleaning them up and restoring the soil. this too is happening. rooftops in cities are well worth redoing if the structure is sound enough to carry the load. this too is happening.

ROFL! holy crap, that is so blazingly funny and not at all close to what history shows. the Greeks destroyed their topsoil and killed/plundered about as much as any civilization before them.

how can you quote a source that uses a word like "incentivized" without grimacing?

right. as values change (and they will and must in the face of more limited resources) they will find investments in sustainable and recycling materials to be more and more valuable. the shift will happen.

there are many companies which get along just fine on a steady product line. growth in some areas is offset by declines in other areas. in a closed system that is how it goes. we cannot escape physics or limited resources no matter how much money we print, but we can let the market function which will reflect a shift from consumption and destruction without proper compensation to one that does. that shift is going on and will continue to go on for many years.

quite false. what we are throwing away now in landfills will in the future become a source of valueable materials. as the concentrated metals/ores are depleted then it becomes high enough priced to make concentrating it from recycling and reclaiming it from existing marginal structures more valuable. when the price point gets right the market then works to shift the focus and it does happen. it isn't a question of anything other than energy and the will to do it.

our economic system is influenced by each of us making choices about where to spend our time and money. when the prices for food get high enough, when land and water destruction start feeding back into much higher prices for clear air and decent food then people will make choices to find different ways of treating the water and land. when it gets hard to breath and people start kicking off from poor air quality in large numbers then the system will self-regulate that ways too.

in a closed system there isn't a free lunch any more than in an active ecology there isn't much room for an unused energy source. dead bodies are decomposed, and from that life goes on. in our system, the abuse of the soil, water and air will eventually be corrected. all the other materials can be concentrated with the use of energy (paying the dues through entropy according to some physicists).

i'm not quite sure what i believe about that, because there is stuff going on in physics we don't understand yet. black-holes, plasma physics, dark matter, etc. still a lot to be learned... maybe we'll find a genie in a bottle...

capitalism as defined in the dictionary has the element of profit built in. an on-going business can get by without profit above enough to cover the overhead (call it the entropy tax because that is really what it is). most companies in business for very long of a big enough size have understand that they can increase their chances of going forwards are based upon making operations more efficient. i.e. reducing their overhead (or how much energy they use or how much materials or water or air or ...).

nowadays companies also reflect the values of their patrons and the people who run them. some make changes to use clean energy sources and reduce waste or improve the water quality. those are the ones any person would want to invest in because they understand that it is important to value these things. already, capitalism apart from governmental regulations will shift faster than the government itself will, because the government is weighed down by PACS and political contributions and embedded infrastructure costs. a new company can do a complete endrun around all that embedded overhead. existing companies can make that same rapid shift (how else could you explain a company buying hundreds of millions of watts of clean energy within a few years time?). there's no law requiring them to do it. there's no one investor of a large enough chunk to force it or even any large block combined. they just decided it was the right thing to do and they are doing it.

if more people elected to purchase clean energy through their utility it would force the utility to put more production into clean energy sources. already this has shifted things somewhat, but more people making the change would send a clearer signal and the companies will respond.

songbird

Reply to
songbird

oh, i know, it's an attempt to moderate the so called business cycle because there isn't a sufficient amount of a safety net for people. the larger problem is that the safety net is really people wishing that they didn't have any responsibility for taking care of themselves. which to me is a wider sign of how rotten the current system is, but that's a whole different topic.

as you have seen over a lifetime that even such attempts at moderating the business cycle are largely driven by entrenched interests in keeping the status- quo. when there are large events that gets thrown out the window (wars, natural catastrophes). so it is largely an artificial mechanism that breaks given the right lever.

surely, however, there's also a fair bit of evidence that efforts to limit the destruction only makes it last longer. so instead of taking the hit up front and getting on with things after shaking out the weak businesses we drag all these weak business along. eventually they do go under.

it will change as values change. values will change as resources become more limited. that's the nature of the beast. prices rise as supply becomes limited. people either produce their own (food, water, etc.) or conserve or find other sources. what drives the whole system is the many individual choices made, how they add up. when we start bumping up against hard limits like fresh water and food supply then people will start valuing water conservation and not wasting so much food. this type of gradual shift is already happening and will continue to happen.

the system also has seeds of its own transformation. we are the determiners of value, not the system, the system works because of the choices that people make. when prices rise then choices get made differently.

the profit requirement is only limited to being able to cover overhead of running any business. the more efficient a business is the more likely it keeps going. the smarter any extractive business is, means it knows it has to shift into renewables and recycling or becoming a service provider. many companies have research arms geared towards finding better ways of doing things and finding other uses for waste materials.

it comes down to energy and not much else. all resources consumed can be recycled given enough energy. the only tax is entropy.

the limitation on the overall system is if the sun gives us enough energy to do everything we want to do given the materials at hand. when cheap oil and other fossil fuels run out then the shift gets made to recycling and renewables. there is a good chance by then we'll have viable space colonies.

widely ignoring how things change won't make any company likely to last long. companies, like the people that run them, have an interest in keeping going, in continuing, so they'll pay attention to changes. many can even drive the pace of change faster than a government or an individual can. like, in my lifetime i'll never buy several hundred million watts of clean energy or be a force to recycle huge amounts of materials that used to be aimed at landfills or incineration, but a large company can do that and many are.

the system can correct itself. it is gradually doing so. if embedded subsidies for destructive practices were removed and shifted towards supporting cleaner alternatives then the change would be even faster.

songbird

Reply to
songbird

really shoddy research sources is not going to convince anyone who's paying attention...

capitalism won't cease functioning. that's like saying people will stop breathing of their own free will. not many can do it for long...

gah! utter crap.

ROFL! holy crap, that is so blazingly funny and not at all close to what history shows. the Greeks destroyed their topsoil and killed/plundered about as much as any civilization before them.

how can you quote a source that uses a word like "incentivized" without grimacing?

=======

All that and not a single citation, hmmmm. ======

I'm reminded of the choir leader who happened to glimpse the pastors sermon notes for the day. What caught his eye was, "argument weak here, pound pulpit".

McArthur , and I will be back shortly.

Reply to
Billy

But get back to the main point. Governments and financial institutions acknowledge the system produces crap outcomes if growth is not in the 'good' range and they do all in their power to keep it there. Do you acknowledge that capitalism produces unacceptible outcomes if growth is not maintained?

If by entrenched interests you mean governments that don't want to see rioting in the streets as either goods are not available due to depression or money has no value due to hyperinflation then I agree. I also agree that these economic and fiscal levers are of limited value.

Let's not get too sidetracked here.

so instead of taking the hit up front

There is much more to it than weak businesses going under in bad times. But let's stick to the point.

There are three things wrong with this:

1) The assumption that market forces will eventually result in a satisfactory new equilibrium

This is a blue-sky imagination product. Either you have to show that capitalism with zero growth will continue without ultrahigh unemployment or that a new system that doesn't produce unemployment with zero growth will evolve. You have done neither.

2) The assumption that the transition will be gradual and orderly

The booms and busts of the last 200 years give the lie to this. If anything the global economy is less stable than individual economies. Shocks propagate through the system at light speed now. Once real limits to resources become apparent prices will rise very quickly, whole sectors that work on thin margins will go belly-up very quickly. The adjustment is not going to be pretty.

3) The assumption that it will happen soon enough to allow orderly transition away from dependence on diminishing resources.

We see as plain as day with the climate change issue people will stick to the old ways until the bitter end. They will not prepare in time for a new future. They will waste time, deny, continue to exploit limited resources until the last. The concept of finite resources that limit growth and require a whole new way of thinking is not one that people want to believe - therefore they don't - therefore they will not prepare for it.

Hopeless optimism based on nothing but faith in economics which have repeatedly been shown to be no better than voodoo. It isn't a matter of deciding what brand of conflakes to buy, it's take everything you know and rely on and turn it upside down. We are talking about changes that are way outside the scope of anything in the past happening much more quickly all over the world.

Profit shmoffit. We are not talking about keeping the investors happy at the AGM. Back to the main point. How do you maintain constant economic growth without matching growth in resources? You are just hand-waving the issue away.

In the long term possibly so. But saying that there is no scientific or technical constraint on growth but energy does not tell us how to organise humanity and its commerce to achieve this condition.

You have done nothing to show me that system will repair itself and that it will happen in good time. The system is facing the biggest changes in history and you just assume that the way it works in economics 101 text book will be just dandy. This is no better than those who say there is no problem because God put the world here for mankind to exploit and He wouldn't lie so all is right.

How do you decouple economic growth from resource growth? So far you haven't given any indication that you know how or that you can show that it isn't necessary.

David

Reply to
David Hare-Scott

Billy wrote: ...

since when in a conversation do you need citations?

arguments can be made quite soundly from reason and experience aside from quoting some dusty economics books or digging around on-line. if i'm not on-line i'm not citing anything. this is OT in a gardening edibles group and only tangentially related to sustainable agriculture so ... i guess i can't quite approach it as a scholarly research paper...

if my reasoning is unsound then pick it apart. David seems to be hacking at that angle tho, so perhaps you can be safe on the other approaches. :)

argument, we don't need no stinkin argument.

"You're fired!" Donald Trump.

is that quote enough?

ok, just kidding, you are not fired. have a good night.

songbird

Reply to
songbird

We don't need to show supporting authority? Great! I claim vindication, and suggest that we move on to more important things, like why is the Earth flat, and resting on the back of a turtle?

Did a little landscaping today, as well as planting some sunflowers and cucumbers. I also had to replace a Stupice tomato that got ran over by something. Three of 26 peppers also need to be replaced. It's supposed to rain tomorrow, but be back in the 80s by the weekend. =====

Capitalism

The socio-economic system where social relations are based on commodities for exchange, in particular private ownership of the means of production and on the exploitation of wage labour.

Capital is in the first place an accumulation of money and cannot make its appearance in history until the circulation of commodities has given rise to the money relation. As we like to say, "it takes money to make money".

Secondly, the distinction between money which is capital, and money which is money only, arises from the difference in their form of circulation. Money which is acquired in order to buy something is just money, facilitating the exchange of commodities. [Commodity - Money - Commodity.] On the other hand, capital is money which is used to buy something only in order to sell it again. [M - C - M.] This means that capital exists only within the process of buying and selling, as money advanced only in order to get it back again.

Thirdly, money is only capital if it buys a good whose consumption brings about an increase in the value of the commodity, realised in selling it for a Profit [or M - C - M']. ========

If Capitalism follows the above pattern, it will soon be dead, if it isn't already.

And we have done better? The game is lost when the plow hits the soil. However, the Greeks did realize that letting a field go fallow for a year was a good practice. So, yes, the Greeks lost their topsoil, but it was in a more enlightened system than used by others. ======

Prominent interpretation, as well as criticism, of Smith's views on the societal merits of unregulated labor management by the ruling class is expressed by Noam Chomsky as follows: "He's pre-capitalist, a figure of the Enlightenment. What we would call capitalism he despised. People read snippets of Adam Smith, the few phrases they teach in school. Everybody reads the first paragraph of The Wealth of Nations where he talks about how wonderful the division of labor is. But not many people get to the point hundreds of pages later, where he says that division of labor will destroy human beings and turn people into creatures as stupid and ignorant as it is possible for a human being to be. And therefore in any civilized society the government is going to have to take some measures to prevent division of labor from proceeding to its limits." =====

Time is up for me. I'll return as soon as possible. Don't be a stranger ;O)

Reply to
Billy

no. i think deflation or steady state on prices is as preferable to some people as inflation is to others. i think the policy of pushing the system to have some inflation is actually destructive in the long term, but the governments/social tinkerers at present like to hide all sorts of inefficiencies by using this. also it is a transfer of wealth indirectly (not very efficiently either) from savers to debtors (usually this means from the elderly to the young).

the crap results are crap because the system is crap front loaded from the start. garbage in, garbage out.

as for sticking to any one point, heh... i'm in a rambly mood tonight.

but it isn't the capitalist system that makes hyperinflation, it is the governments and the managers of the money supply that abuse their powers and then the reaction of sane people to that abuse.

riots are a whole different matter, a response to injustice in some cases is the desire to correct the injustice.

i couldn't give you any system other than complete behavior and emotional control which eliminates riots or unsatisfactory outcomes to some people.

i don't know if it really is a side track to point out that one of the possible crappy outcomes of tinkering is prolonged pain and poor economic performance. it isn't a hard science any more than medicine is. the Japanese real-estate bubble, when it finally burst, is pretty much still on-going in being corrected. they've dragged their fixes out for close to 15 years and they've pretty much had the poor economy, market and close to a depression as a result.

i think in the future many economists will call that the Japanese Great Depression.

that capitalism requires profit? well how many times can i disagree with that as it's pretty clear to me that the system doesn't magically stop when companies go non-profit or have a bad year. even in the worst parts of the Great Depression there were still companies in business, there were still people buying and selling things. it really wasn't a problem of capitalism, but many failed policies and the lack of banking regulations. then about 80 years later we ignored the lesson and made banking regulations too lax and once again the economy took a severe hit, but in that mess there were a lot of opportunities for the smart person willing to take risks.

no, i only claim the system keeps working. it is a dynamic system that also has many conflicting forces just like there are many different actors with varying degrees of influence.

i suspect the future is going to be full of many unsatisfied people. we're not a species geared towards contentment. it's not a skill that is taught, valued or explored by many. i think i've done fairly well on that count though, perhaps others can learn from what i'm doing...

i think you ignore the fact that for the most part actual production of real things is a very minor part of capitalism these days. i.e. the values have already shifted. most people could be considered unemployed or under-employed because most of what they do is shuffle information, provide entertainment to others, they really aren't producing tangible things. there are millions of workers who simply have given up looking for work. anyone over 50 has a very difficult time. these people aren't included in the unemployment statistics in the USoA unless you happen to find someone who's really looking at the whole trend. that is just one example of how the system shifts as the values shift. this has happened several times in my life-time. i don't expect this process to disappear.

(for a good example of how the current numbers are being jiggered take a listen to a program from This American Life called Trends that was on about a month ago)

i don't make that claim either. i've been a student of the markets and history to know better. the only argument i'm making is that the system continues to function without growth. we've had many periods of deflation or stagnation and in those cases the markets worked, people bought and sold things and the world did not end. yes, it hurt some people and was painful, but that doesn't show that the system didn't function. what it did show is that people don't normally have any long-term thinking for retirement or very much discipline when it comes to savings and investing.

we have a government that has been running on debt for eons, and it's still chugging along. we have quite a few companies (public and private, non-profit or not) and organizations that will continue along quite fine even if they continue to lose money for a period of years.

i do agree that the speed of things has greatly increased, but that negative also has a positive in that the whole system can react to new values much more quickly. we are building a world-wide system because the kinds of problems we are now having to solve are world-wide. not that i'm saying it is perfect by far. there's a lot to be said for needing better regulations and some stops in place for when it oscillates too far out of kilter. people who put in automatic trading are simply nuts as far as i'm concerned.

no, there is no assumption of orderly because you are talking about people here. people panic and freak out over all sorts of things. all i assume is that the system continues to function.

i agree with you about the lack of many people to plan for the future. i don't know how this is going to play out. it may not be very pretty, that i do agree with. yet, through it all there will be economic activity that continues. it won't be based upon resources which no longer exist. it will be reflecting possibilities of exploration for new resources and also likely increasing values of recycling technologies and work in that area.

the longer term, simply put, is very similar to what happens if you read about the history of science and some of the really long-fought dragged out disagreements. the scientists died out and the rest of the scientific community went on with what actually appeared to be working. they still don't have the full answer in many areas of science so in effect there are many avenues still open for arguing about physics and cosmology and ... this is what will be happening with respect to climate change deniers. eventually they die out and are replaced by more aware people.

in the USoA a great number of farmers are quite old and will be retiring. some of that land will be put to use by younger people who have a better idea of how to do things to preserve the topsoil and produce food in ways that don't rely upon so much inputs. it may take 100-200 years, but it will happen. it's just how it goes. farmers who destroy the land will eventually be forced out of business. then there will be a chance for remediation. techniques exist for pretty much any circumstance if you have the time and patience.

i'd say that you didn't live through the Crusades in the Middle East or many other times of rapid change. we're in for it. no doubt. i still say that the capitalist system will continue on in some form or another and it won't require growth. it just requires people buying and selling. that's not faith. that's facts. people trade things for other things. as long as people exist they're not going to stop trading. i don't understand where you come up with the idea that entire economic system disappears. we have plenty of examples from history that show that empires rise and fall, but trading/commerce/markets/money/exchanges/etc. all continue. for many years after the effective end of the Roman Empire in Europe they still used the Roman coins and tables of values for many purposes. it worked well enough and so it went on.

no, i'm simply stating that it's pretty clear that economies continue to function even when they are not growing. we've had recessions and depressions yet the economy still worked. yes, it wasn't what everyone desired, but it didn't vanish either. what did happen is that new values were created and then the market follows those forces as people act on the new information and make different decisions. it's not hand-waving away when we have plenty of historical examples.

if you want to see the most recent example look at how the shift in the world economy has gone from manufacturing goods to the information and services. what it took was people putting enough value on information and entertainment. the change happened.

a great deal can be said that this is a temporary change and at some point in the future there will be some return to a more reality driven system. i sure hope so. in the meantime we have the system that reflects the values of the people in a large part if they continue to stick their heads in the sand and consume more than the planet can support then there will be a backlash, a collapse and a great deal of pain and likely some wars, death, diseases, starvation, etc. all through that there will still be a market, there will still be trading and there will still be losses.

constant economic growth reported right now is often false if you actually figured in costs of the pollution, destruction of the environment, diseases, wars, debt, etc.

if you really want to get critical, go there and do the analysis. it's all manipulated by governments bent on ignoring the known costs.

that is where values come in, and those values drive the choices and those choices drive the market (all to some extent, it's not perfect, there's conflicts and false information).

right now the values needed for a sustainable future are not widespread enough that all the people carry them and act on them. but as time continues the older population dies out and the newer population carries on with better information. it may not be fast enough in many cases and there's going to be a big mess in terms of wrecked infrastructure and changed coastlines and losses in land/topsoil, but eventually the system does correct itself, as a closed system, if we're going to survive, it's a certainty that is how it goes. how many lives lost, how much damage is done to the other species on the planet and how that may cause further collapses is hard to say with certainty, but it's not looking pretty. still the market will continue, people were trading long before modern industrial capitalism came along, it will continue long after. as long as people are interacting it's almost guaranteed.

i don't know. i can't prove anything about the future. get a few nutjobs and nuclear weapons running around and suddenly we have a whole different set of values (clean air, filtered water, perhaps living underground in some form or another, dunno).

good time, the planet has been going on for millions of years. it's not going to disappear. if we have an entire collapse it's pretty likely there will still be some people left to keep on going. hopefully they'll be smarter.

i'm not saying that at all. if you've read what i've written here you know i have a lot of concern for the environment, for how people will figure out how to feed themselves, etc. i don't have any claims for how the transformation comes about. i do know that markets will be a part of that. i don't see them disappearing as long as people are around.

it's been done to some extent as an example already (the shift to information technologies and entertainment) as values and desires shifted to these intangibles. i'm not sure to what extent that kind of intangible creation of value is possible, how far it can be pushed from actual reality and what it will be like as forces to drive the market or how that will all play out in the longer term. i suspect reality will be the stronger force in the end and that more people will have to grow their own food and find ways to conserve energy and other resources. an accurate accounting of pollution (in all forms) will be critical in getting the market to reflect what reality is showing us. as we have more observations and scientists (and regular people involved too) involved we get a better chance of making progress.

what the absolute closed system population of the earth can sustain, i don't know. i also don't know what size economy is needed to make sure that everyone gets most of their actual needs met (ignoring the argument about desires vs. actual needs).

there will also be very hard fights to be had over expending resources for space flight, colonies on other planets, doing research on pretty much all sorts of hard to immediately justify science. these will be fights for the future of humanity. then there will also be fights over wild spaces, species diversity and conservation vs. human needs, etc. i don't know how these will work out. i hope they work out that we have a planet still full of wild areas and a more limited population that knows how to live in a responsible manner. one that also has enough resources to get into space and pressing on with getting to other planets and solar systems (perhaps we'll never actually have to live on a planet again if we learn what it takes to live in a closed system smaller than a planet). it's too early to know. i'll be long dead before the answers to these questions are in, but i'll put my values behind the choices i can influence now (treating the land well, conservation, etc.) that can reduce the pressure on the rest of the planet. as best i can. with what i learn. like anyone else who's paying attention.

i do have both hope and faith that humans will be around, where there are people there will be trading of one kind or another. not all trades are profitable to all. not all economies will do well. some people will be unhappy and others will be just fine. the assumption that an economy must grow is false. in a closed system an accurate market will eventually be fairly fixed. what is lost as friction is made up for by advances in knowledge or efficiency. at least until the sun runs out we have at least a large source of energy to draw upon and a lot of recyclable materials to work with.

i've written elsewhere that i support taxes inversely and exponentionally related to how much a produced item is renewable/recycled/recyclable. that adjustment to any of the large economies already (even if phased in over a period of years) would do a lot to offset damage done. that money could be spent on reclaiming and restoring areas for environmental needs. we have a lot of space that is currently being wasted that can be reclaimed and put back into soaking up CO2 again and providing more habitat for wild species.

if it comes to a great collapse then the wild areas return and the topsoil regenerates at some rate. any bare spots that can support life will get used in one form or another. life is pretty tenacious.

i don't consider what i have as faith, i have both science and history that show what happens after collapses. it's not pleasant, sure, but some survive and carry on. short of complete nuclear blasting of every weapon and short of large comet strikes and super-volcanoes and the sun burning out, i'm pretty sure some form of humanity continues. it may be the case though that we find other forms (if genetic tinkering gets to be widespread we may take on all sorts of strange forms

-- i dunno the future exactly) and that gives us more chances to continue too.

c'est la vie,

songbird

Reply to
songbird

Billy wrote: ...

ummm..., okey... :)

we also are due for rain tomorrow. good, it's much better than well water.

i guess i must be using some archaic meaning of capitalism because it doesn't say anything about these kinds of distinctions. capital can be all sorts of things. it varies as much as the meaning of wealth or money can vary (social conventions, whims, fads) apart from the actual supply and demand curve.

i don't see commodities or wealth disappearing any more than i see a lack of new fads. the recent one to gain steam is gluten free. on top of the Greek yogurt. whey silly.

not in the whole, but in parts yes. at least we know things are made of more complex bits than air, water earth and fire.

just depends upon how it's done. like many things, it varies. forms of no till use of an area can deplete it just as much as tilling. overgraze a pasture and it will fail in time. return to more appropriate grazing and it will recover (faster using some methods than others).

the Hebrews also had their fallow seasons. it didn't prevent the wide scale destruction of their topsoils either.

in other parts of Europe there have been farms and gardens for hundreds or thousands of years. those are what we should be paying attention to... likely they are organic as much as possible and also likely to be manured in some manner. crop rotations, etc. all likely.

heehee, ain't that the truth. thank goodness very few people actually work those kinds of jobs. some people actually do quite well with a limited task. they pretty much go on auto-pilot for hours at a time and they can think about other things or just play songs in their heads. sometimes when i'm weeding i can go on quite a while without noticing what i'm doing in specific because i'm listening to the birds or thinking about some philosophical point or what i've recently read or been arguing about on usenet. :)

dude! i got a few more peas and onions planted. increasing the variety of plants in the auxiliary strawberry patch. we'll see what happens. got plenty more to do. needed to take a break before round 2. that is going to be weeding and sitting and listening to the birdies and windchimes out in the green manure patch. i've not spent much time there this season and some grasses could use a bit of trimming back or digging up. probably pick a few bugs off the rhubarb. those are some wild looking critters. plugs with a sharp snout and not much else.

songbird

Reply to
songbird

I was taking the day off, and thought I'd embroider on your conversation with David. Below is my abbreviated response.

More accurately, from Main Street to Wall Street. The impoverishment of the elderly, and the young, moves ahead in tandem. What geezers lose in Social Security isn't going to education. It's going for more weapon systems to use against the enemies of business, foreign and domestic, and oil depletion allowances, rebates to G.E., and weaponized, agricultural subsidies.

By George, I think you got it.

The right lever seems always be handy. Since its birth 200-300 years ago as the dominant economic system, Capitalism has always been an unstable system; unstable in the precise sense that it suffers from a business cycle. A constantly recurring cycle of sudden breakdown distinguished by rising unemployment, mass bankruptcies of enterprises, idling of productive capacity [such as] tools, equipment, and raw materials, followed by an upswing. These cycles have never been controlled or overcome. They vary in length and severity. Some are short and shallow, while others such as the one we're in now are deep and long lasting.

And prey tell, who controls government? Lobbyists? Who controls lobbyists?

By weak you must mean all those that lack well heeled lobbyists.

Never the less companies must consistently grow, and have profits for their investors. This means reducing costs, and "increasing" market share.

When the markets are manipulated?

Manipulating the rules isn't a system.

It must be wonderful to be that naive.

Until we have price fixing between corporations, and lobbyists that promote loopholes for large corporations at the expense of small business. Lower taxes, means cheaper borrowing, which is an advantage to the large corporations over smaller ones.

Are you suggesting that victims of hurricane Sandy, or the tornadoes in Moore, Oklahoma, or the explosion in West, Texas, or midwest droughts, or developmental disabilities, or disabling accidents, or lose work due to cancer don't deserve support from the rest of us? Really?!!

In listening to the program, I didn't hear that there was any fraud involved.

(I've noticed in the past that you seem to think that there are many common citizens who are free-loading.)

[It isn't an equal market for all when one party can exert influence the transaction surreptitiously]

And then there were all those commercials from banks about tapping the equity of your home for renovations, a new car, vacations.

Americans' suicide rates up since economic crisis began ===== yes, it hurt some people and was painful, but that doesn't show that the system didn't function.

No it seems to have functioned just fine.

We are now in the 6th year of this global recession/crisis. Unemployment is at an all-time high in many European countries, while here in North America youth unemployment continues to steadily rise. All the while corporate profits have exponentially increased with little if any trickle-down to the masses. Uh-huh.

It sure would be illuminating if you could give a source for that pronouncement. What we have seen for an awfully long time is government running at a loss because of it's giveaways to large corporations. Whether it is the contract basis for weapons from our military-industrial-complex, or putting in new locks on the Mississippi, that will allow larger barges to supply Cargill, and ADM with their government subsidized grains a few cents/pound cheaper.

As for business failure, I an loth to offer a citation as this is not an academic paper, but merely a couple of cloth heads yacking at each other, BUT Scroll down from 1990 to 2010. You will see that in 2008, and 2009 a number of businesses didn't continue along quite fine. Those capitalist enterprises that did continue along quite fine got government welfare.

You mean like the stock exchanges?

I guess we need a definition of function.

Sorry, what are you talking about? Science is always open to amendment, based on the accepted "facts" to the most inclusive answer. The more questions your model can answer the better the model.

And many more who believe, may die as well, as fossil fuel extractors spend huge amounts of money to obfuscate the impact of "green house gases", as did the manufacturers of PCBs whose products destroyed the Earth's protective layer of ozone, operators of "acid rain" generating smokestacks, and the purveyors of cancer sticks. They, all, just wanted to squeeze out a few more billion dollars.

Out of time! The high water demands of agriculture in both India (where it accounts for 90 per cent of water usage) and China (where it accounts for 65 per cent of water) will lead to a drop in wheat and rice yields of between 30-50 per cent by 2050, according to the report. It said both countries would be forced to import 200-300 million tonnes of crops. Thailand, and Vietnam rely on river delta for growing rice. You know what's going to happen to those river deltas, don't you? We don't have no stinkin' 100 years to wait. A sane person would be running around like their hair was on fire trying to get someone, anyone in power to do something, because many are not going to go into that dark night softly.

Time out! Any system of economics isn't Capitalism.

Bartering isn't Capitalism. Food rots, animals die, art goes out of style. The experience of wars tells us that people will exchange a Picasso for a hamburger, because the participants aren't on a level playing field. This is called "Predatory Capitalism". Is gambling Capitalism? The commodities futures exchange will allow you to bet of the value of wheat or corn, or any other commodity. This is where we got into trouble with derivatives based on mortgages. This is also called "Casino Capitalism". Again, Capitalism is using capital to create more capital.

Thing is, Capitalism is only about 300 years old. What you are talking about is barter.

Because of labor laws in the industrialized countries. Try to talk an American, or an Australian into working for $3/day in a Bangladesh sweat shop.

in the meantime we have the system that

That's because it is marketed to us in slick advertising as being desirable. Processed foods made from refined ingredients aren't "time savers", if you include your hospital visits. Or the latest electronic toy made from rare earths, that cause wars from Afghanistan to the Congo. Feed your ego, the environment will take care of itself.

Sen. James Inhofe (R-OK) argued that his belief that global warming is a hoax is biblically inspired. "Genesis 8:22 says "as long as the earth remains there will be springtime and harvest, cold and heat, winter and summer, day and night." My point (Inhofe's) is, God's still up there. The arrogance of people to think that we, human beings, would be able to change what He is doing in the climate is to me outrageous."

And this is what passes for a leader in the U.S. today.

You say that like you don't have any descendants, no kids, or grandkids.

We do not inherit the earth from our ancestors, we borrow it from our children. ~ Native American Proverb

Because it is advantageous to their benefactors.

Entropy? Friction maybe.

Aw, the BIG "if". Have Pakistan, or North Korea lob a couple of nukes into that mix, and it will be tough, even on the cockroaches.

One hundred thousand years from now all the plastic beer can holders will have broken down, and life will get a chance to start anew, without us.

Again, bartering isn't Capitalism.

Your solutions seem to need a couple hundred years to realize themselves, but the problems will be very noticeable by 2020 as we run out of clean water. Did you happen to hear that news clip about "Fracking". Five years ago, "Fracking" was exempted by law from water pollution.

Amen, Brother, Amen!

Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God? ~ Epicurus

You don't seem concerned.

It's like your talking about the "Free Market". You don't have to know anything about the "Free Market", because it corrects itself. History shows that the so called "Free Market" is a rigged market.

How many people and observations do you need? Ninty-eight percent (98%) of climate scientists say we are in for a fall, yet we are told,"some say yes, and others say no". It's not like that. Ninty-eight percent (98%) say watch out! Yet, Inhofe, says "God is with US", and the fossil fuel extractor's shills tell us it's a hoax. It doesn't seem that observations and scientists influence us much at all.

The homeless, hungry, and the sick and the dead, who are of no concern to others.

It seems as if it is a closed, finite system with no room to grow, except to devour our own. As the rich get richer, the poor get poorer. Have an answer for that?

Pollyanna strikes again! A recitation of your beliefs doesn't encourage my hope. Maybe I'm just old school in that I like to prepare for the worst, and hope for the best.

Yet the business paradigm is privatize the profits, and socialize the cost, like with air pollution.

And it will happen just as soon as you can make it a source of corporate wealth.

At least on the single cell level, it is.

Other species have come and gone. Things like us, in one form or another have been around for about 2.5 million years. Homo sapiens have only been around 300,000 years. Don't let hubris cloud your Weltanschauung. The dinosaurs had it down pretty good, but then things went to hell very quickly. Yes birds survived that one. I wonder which mammal will survive the next?

That's all Folks.

It's the Best of All Possible Worlds.

Reply to
Billy

Rain yesterday, kept me out of the garden. The peas seem to be enjoying the 70F weather, as do the tomatoes (surprise, surprise). The peppers not so much. I've lost some plants to varmints, snail or cats, I don't know which. I had a back up plant for the tomato, but I'm down 4/26 on my peppers, and

3/16 on my corn. I'll probably have to buy starters for the peppers, as it seems too late to germinate fresh replacements. The corn was replaced by sunflowers. When the corn goes to tassel, I'll just have to get involved to make sure that the cobs will be full. Every thing is pretty much in except for the squash, and melons. That should be finished by today. To my taste making pesto from fresh store bought basil is a futile endevor. It just doesn't have enough flavor. Bought a couple of live basil plants from Trader Joe's a month or so ago. We had our second pesto from them last night. There were only 5 flowering tops in it, and it still lacks taste. I suppose it could be me. I've read that as you get older, your taste buds become less sensitive, and you need stronger flavors to get their attention. In any event, I'll be happier when the pesto is mostly flowering tops.

I'll be starting a new germination tray today with green beans, as well as mid-season replacement squash, and more lettuce. Can't ever have enough lettuce. So I;m down to trying to squeeze in whatever is left over. Whew.

Reply to
Billy

??? i'm banned for the evening offline so i can't look this up.

of course not, it is unpatriotic.

lovely...

at the moment around here most are more interested in killing each other. when i was a kid i learned hard lessons about racism. it may matter what people say, but i also pay attention to how they act. in my own family it breaks my heart often enough. i see a lot of "Christians" but not enough Christians, so it goes.

yeah, well i'll just say i disagree, but it doesn't matter if i disagree or not, because it's highly unlikely capitalism disappears.

i'm a light sleeper.

some people in government do actually care. i don't see the current system set up to select caring people though.

...

what are Asymps and why does they need a tote? anyways, my basket is full, time to hit the space bar and answer the next post.

so you're biased against the big cities? :)

...

some things are comfort foods even if they are bad for us. as a child of the tv-dinner generation about anything smoked, nitrated, salted or sugared used to be danger food to me. i've gotten away from most of it except a few weaknesses, but they are no longer regular or staple foods. luxuries a few times a year. funny how times change. in the old days hotdogs sausages were what was made from scraps (all but the squeal) and leftovers and sold for little. now a lot of these sell for as much as a steak...

heheh, much humor around here is rather raw/earthy -- about anything is fair game.

and God needs a vacation...

songbird

Reply to
songbird

songbird wrote: Do you acknowledge that capitalism produces unacceptible

Show me where there has been zero growth or contraction under capitalism for any length of time. Now tell me what the unemployment was like then. That is the boogy man the financial controllers and leaders are all scared of.

Sounds to me that you are not a true blue free market capitalist at all. You want it reined in. If it is a naturally correcting system then why is this necessary?

Because the ways that capitalism does its corrections if left unattended are not acceptable to you. You also point out that the controls that are used are not always effective. Wouldn't it be simpler just to admit that the system is broken?

values will

You are confused between the level of employment in a business sector and the resources it demands. Despite the swing from large employment in agriculture, then industry and now information and services all those workers who don't actually produce material goods still want them. The mechanisation of agriculture and industry have if anything added to the material resource requirements of the economy.

What you define as 'continue to function' would result in such social costs that no politician who wants to stay in office would say the situation was satisfactory. I would be the same as I wouldn't want to be lynched by an unemployed mob either.

But it will function so badly that you have bent the meaning of 'function' so far out of shape to be useless. I begin to think that in many ways you actually agree with me but you are too emotionally wedded to the American Dream (the one based on a high expansion, high consumption capitalist system) that you can't give up on staying with capitalism and claiming that it will 'work' no matter what.

David

Reply to
David Hare-Scott

...

we're up two more inches of rain. we aren't going to get any planting done today. so instead we're heading out in a few minutes to run errands/shop.

you're in a dry enough area that sprinkling corn starch around might give you a few clues as to the varmint.

the bees will like it better too!

yes, rumor has it tastebuds and smell fade along with sight, but i think a lot of it also involves how much you abuse it earlier. my sense of smell and taste are pretty good. i get a lot of off-tastes in almost any commercially packaged food if it is in anything other than glass. metallic off-tastes in almost anything canned in tin cans, even those with liner plastic coatings, then i taste those too at times. plastic wraps and left-over food containers (styrofoam is a big yick).

that's what i'm like with peas and beans. any empty spot is fair game.

:)

read about California Supercapacitor, 18yr old student comes up with a potential game changer for every rechargable device.

unfortunately, i don't have time to dig into the descriptions to see what it entails, but hey, i like when some unexpected discovery comes along and makes everyone go, "Hmmm...."

songbird

Reply to
songbird

Yup. Twenty second recharge on cell phones, near-instantaneously recharging a car battery, and rapid recycling of military lasers. Wait, what the . . ?

Can Skynet be far behind? Hmmmmmmmmmm

Reply to
Billy

i'm not able to do that research at the moment, i'll put it on my list for this winter (along with Capitalism/Marxism and other related topics). i have a general recollection of periods of time in the late

1880s where the uSoA had a poor economy and some recessions and deflation, but i wouldn't be surprised if you couldn't find reasons to object to those examples (not suitably industrial enough, or poor labor statistics or no statistics at all).

i think periods of the Great Depression were deflationary and the unemployment numbers didn't change that much (the damage had already been done), towards the end, i just have no stats on hand here and i'm not interested in that kind of research ATM. i'm more interested in sustainable agriculture/gardening topics and the related sciences...

no as i find slavery deplorable, a true blue free market capitalist says all is market and all vices/sins are possible/exploitable and taxable. sometimes i find that leaning appealing as then the government can be turned into a more taxed approach to where all is permitted but it is taxed more highly as the evidence of damage accumulates. so the actual cost to those not involved in the practice is isolated or even the wider population has a better or improved life because the few who insist on the more damaging approaches to life pay a disproportionate tax. so they are used to advance society as they destroy themselves. unfortunately, taxes rarely go for programs they are intended to (c.f. the lotto or tobacco settlement monies).

i want it changed to reflect the costs of pollution and the depletion or destruction of resources. that is just encouraging the system to reflect the true costs so that it can work better at eliminating them.

it does not "correct itself" by direct fiddling, it changes by getting a large enough group of individuals (who make up the market) to change their actions. the government plays catchup most of the time. rarely are they out front in terms of policies. climate change being a large example in point.

given a free market i can invest in companies which do what i want (for the most part) and if i can convince enough others to shift their decisions in a similar manner then i can drive up the financing costs for companies which don't do things as i'd like. the more accurately i can make a polluting company reflect the damage the more likely it will change ways. make the cost high enough and it can't continue and we get a market response to a societal value completely apart from any governmental lack of decisions on pollution (this is pretty much what is happening now, but it is a slow process).

the companies already ahead of the shift are those that reap the rewards as the value of what they are doing is recognised.

it's not capitalism which does the corrections it is the sum result of the decisions of the market participants. so the market reflects the values of the people in various (and conflicting ways). if i were a dictator i could eliminate a lot of noise and wasted energy, but like you say i'd be lynched so what's the point of such a game other than kicking around ideas trying to find a better way.

my own ideas of a better way leaves capital markets in place, but forces all costs of pollution or lack of recycling and destruction or depletion of resources to be built into the taxes and prices of products (also allows for wild spaces and taxes to refurbish damaged areas, demolition of unused buildings and replanting with trees or other suitable species). if you manufacture an item, it comes with a built in recycling fee and a pollution fee (which gets adjusted as more information becomes known, as pollution improves, etc). also all products sold are returnable to the manufacturer (as long as they are in business (for no additional fee), once they go under then the recycling is covered by a more general tax). this way electric cars could be put into use more quickly and the recharging done with wind/solar energy as much as possible. getting off the fossil fuel burning route is critical right now. adding a carbon tax above the damage rate (so that CO2 remediation and removal projects can be funded and gotten going).

so yes, not at all a free market person as i would also rewrite chunks of the US constitution and make other changes to many laws i find wasteful along with many subsidies which damage the environment or topsoil (and increased enforcement of violations and remediations).

i don't claim it functions perfectly. so yes, that means it is broken in various ways. some ways i find pretty horrible (that a few people could cause wars that cost trillions of dollars and kill thousands). i'd put the bill for those at the feet of those who carried it out not the wider population or future generations.

i'd also redo much of government as wasted or damaging (river management is clearly destroying environment and groundwater along with topsoil depletion, we should be encouraging farmers to not put in yet more drainage (as that turns the ground water into the streams/rivers even faster leading to ground water pollution being even more concentrated or worse in terms of pollution from runoff). there are a huge number of changes that could be done right now that pay off over the long term. most of them shift labor from meaningless paper shuffling to actually doing something which helps restore species habitat and preserves topsoil. even simple stuff like cleaning up vacant lots, tearing down abandoned houses and getting the areas replanted with a variety of suitable species turns the land into a better climate for good things and reduces the negative impression and crimes around abandoned buildings. get that done sooner and we have an actual carbon sink being created as the trees get larger. it doesn't take long for a tree to be a net carbon sink. later harvest those trees and turn them into furniture or buildings for the poor and then the carbon gets locked up even longer (as compared to if it were used as fuel for heating or cooking or...).

and if the market reflected the true costs of having them i couldn't even object. it just means the future society has a much better chance of living a similar good life if we switch from destructive non-recycled production methods to more sustainable ones.

well sure as fossil fuels are behind a large portion of it. if the costs of all of that CO2 (and the damage it is causing already with much of the future damages also built in) were included in the taxes for such products then those material costs would reflect reality (unlike as you say it has decoupled currently). the thing is that reality will get it's due.

yet for some strange reason politicians continue to be elected and unlynched even now in most modern capitalistish societies. my changes would be to eliminate popular elections/campaigns along with pretty close monitoring of money going to representatives (regular audits of them and their contacts to detect any funny changes in income or savings or offshore accounts). but that's even further afield...

no, it's just history that shows me that. if something has happened dozens of times in various circumstances i'd be very silly to not pay attention to the information those events have provided.

my widest claim is that the system continues to function and reflects the values of the society, if the society changes enough and enough actors make different financial decisions then the market itself reflects those changes. the market can drive some effects and gets feedback loops, but those can be worked out in time. i don't see any other system other than benevolent dictator which allows such changes to happen without revolutions. yet we've had close to four revolutions in a few hundred years and the system continues on in some form or another. sometimes with more regulation other times with less, but i think generally it works well enough. not purely how i'd like, but it's got more going for it than the government does in terms of being able to change rapidly once new information becomes widely known.

i don't think you know me that well, but i don't have the time to spell it all out yet again how i live my life.

in terms of reform of the system i'd go for large changes in government (including rewriting portions of the constitution and several other laws). the market would shake and shimmy as people freaked out, but that is a short-term adjustment needed to prevent an even longer term catastrophe.

i don't see a viable alternative that can respond as quickly to new information. we'd need a revolution of huge proportion to change to something else. more likely we'll continue to jigger this one with policy patches and social tinkerings and the whole system will gradually change to reflect the values of the majority that comes along next. i sure hope that majority is more environmentally aware... at present i don't think it is as much as it needs to be that is why i aim my efforts at talking to people around things like gardening because at least they do understand that they can get food from a gardener.

songbird

Reply to
songbird

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