Hi Tapas...we're not supposed to agree with each other, presumably. Disagreement is the ONLY form of communication, these days, and those who agree will be insulted & belittled.
ubercynicmeister wrote:Blind ambition, Greed and lust-for-power is noted amongst both the clever and the stupid.
The clever have the disadvatage of having to think about things. Either before or after they do it.
The stupid, au contraire, are particularly gifted to suit today's society - they do not think about long-term consequences, because they cannot think.
You have nailed it ubercynicmeister
Thank you thank you, but don't clap...throw coins, LOL!
Greed is the central force that got us into this mess. Greediness seems to be equally represented by the stupid and the clever. This whole monetary construct looks like the work of the devil, metaphorically speaking. The temptation of acquiring something before actually earning it is too strong for feeble humans to resist. Credit is the magic that lets a human enjoy more than what he rightfully deserves.
Why save your earnings for three years, when you can swipe that magic piece of plastic and enjoy that Plasma HDTV right away?
YUP, the must-have-it-now Generations have had it all, and now the bills are due.
Money, in the form it is practiced today under Capitalism, has opened the doors for unbridled growth. The idea of being able to purchase a chunk of 'energy' on credit without actually working for it thanks to the magic of 'loan' money has made us into voracious consumers.
It's a bit more than that - the modern system works only by having stuff made to such shoddy standards that it will fall apart in as short a time as possible, with NO user-fixable parts. For example, I obtain mince (well, it's all I can afford, unlike some) in packets that are wrpped in plastic and "contained" in these odd-looking polystyrene foam packaging.
Such packaging has only one use, then one (usually) has to throw it away. The bags I bring the shopping home in, are plastic, again with only one use.
Years ago, I could buy milk in bottles that were washed & returned to the milk "factory" and they'd be steam-cleaned & used again. But such processing interfered with "the bottom line", and - in spite of the milk tasting a whole lot better, and people still wanting to BUY it in bottles - they closed that down to force everyone to buy either plastic-coated milk cartons, ostensibly made from cardboard, or straight plastic "bottles".
At NO point was the end-consumer consulted about the changes, so the usual excuse of "the consumers wanted it" is rot.
Now, plastic is made from Oil...so what the heck - even if we magically find another easy-to-uuse concentrated enegry source to magically replace oil - what the heck are we gunna package foodstuffs in?
I'm assuming we will HAVE foodstuffs that will need packaging, that is.
My point? We have a system that now demands built-in "planned" obsolesence. Everything must be made so that it falls apart, requires expensive maintenance or wears out within as short a possible time to keep up "turn over".
Increasing "Turn over" = growth. Grow or die is now the motto.
Under a strict barter system, where you had to produce something tangible first to get something else, such speculative spending and consumption would never have been possible. Even a currency system back by precious metals, would have had checks to prevent runaway growth.
No, Arthur C Clarke (someone else we're not supposed to agree with, I presume) suggested the best of all alternatives, and that was not barter (here, Spot, here Spot, I'm disagreeing with Tapas! Is that OK by you, Spot?). The barter system, while keeping the greedy slobs from wrecking the place, is too cumbersome for us modern dopes to use again, in spite of it's obvious advantages.
Arthur C Clarke suggested, instead that the Unit Of International Currency & Exchange be the Megawatt Hour, instead of the "mess" we currently have.
For those who don't know, Arthur C Clarke wrote "2001 - A Space Odyssey".
Which means we're not supposed to agree with him, or each other, I presume.
I agree with you, the "fractional reserve + fiat currency" grow-or-die system we have had foisted on us is a mess and is the primary reason for Peak Oil.
Correct. Fiat currency plus Fractional Reserve as you mentioned has done us in for good.
Mankind will pay the price. It matters little what we end up owing to the bankers, a piece of paper, compared to the actual interest we have to pay to mother nature - real human lives that must be sacrificed in a die-off when she balances her check book.
Perhaps then we would agree to barter an ounce of greed for an ounce of wisdom.
I'm not so sure the massive die-off will happen, myself - sure those who rely on oil, like what we in the West do, sure, we're for it, we're finished.
BUT, after the Boxing Day Tsunami hit Sri Lanka, and the supplies of Oil were cut off completely (the same stands for the affected parts of Indonesia, and India and the other countries hit by the wave), the locals just dusted off their ox-carts (or cleared the wreckage from them) and went about their daily business.
Oil is not "vital" to them. It's at best a minor convenience.
I agree (Oh, I shouldn't do that, should I ?), China is ramping up, the same as the West to make Oil a vital commodity, without which the community (not just the economy) dies.
But it has not yet made the transition completely.
Now, Indonesia, India and China are where the "Third World" (can we call China a Third World Nation? I suspect not) has the Big Population - Indonesia has something like 255 million people (????).
MOST of them do not have direct (or even indirect) contact with Oil-as-a-vital-substance, like what we do in the West.
So, what they don't have, they won't miss when it's gone.
When Oil's gone, it's the West that's "for it", not the Third World.
I'm afraid the Meek really will inheret the Earth.
OOOPS, hey Tapas, we disagreed!
Goodness! D'you think we'll be insulted for that?
Oh, if we were insulted for agreeing, imagine the consternation caused by us DISAGREEING!
Head fer the hills!
Big John (erm, Spot 5050) is a-comin'!