Excellent article (PositiveMoney) - economics and ecology

[UndercoverElephant]

http://www.positivemoney.org/2013/01/money-and-ecology/

[Little John]

I was particularly struck by this quote at the beginning of the article:

“Debts are subject to the laws of mathematics rather than physics. Unlike wealth, which is subject to the laws of thermodynamics, debts do not rot with old age and are not consumed in the process of living. On the contrary, they grow at so much per cent per annum, by the well-known mathematical laws of simple and compound interest … It is this underlying confusion between wealth and debt which has made such a tragedy of the scientific era.”

–- Frederick Soddy, in Wealth, Virtual Wealth and Debt (1926).

Some people understood the essential problem way back it would seem.

Also, it's entertaining to see an article on website like that essentially pushing for a socialist solution to the problem in terms each receiving according to their "needs" instead of "wants". The guy's a socialist, but he just can't quite bring himself to use the word.

[biffvernon]

So nice to know that I agree with both of you.

[emordnilap]

Looks good, I'll study it, thanks UE and happy new avatar.

Charles Eisenstein has a lot of interesting stuff to say about money too, such as the need for a system which discourages hoarding of the stuff.

[peaceful_life]

I was particularly struck by this quote at the beginning of the article:

“Debts are subject to the laws of mathematics rather than physics. Unlike wealth, which is subject to the laws of thermodynamics, debts do not rot with old age and are not consumed in the process of living. On the contrary, they grow at so much per cent per annum, by the well-known mathematical laws of simple and compound interest … It is this underlying confusion between wealth and debt which has made such a tragedy of the scientific era.”

–- Frederick Soddy, in Wealth, Virtual Wealth and Debt (1926).

Some people understood the essential problem way back it would seem.

Also, it's entertaining to see an article on website like that essentially pushing for a socialist solution to the problem in terms each receiving according to their "needs" instead of "wants". The guy's a socialist, but he just can't quite bring himself to use the word.

And yet, positive money, doesn't propose a monetary system without usury.

[peaceful_life]

Looks good, I'll study it, thanks UE and happy new avatar.

Charles Eisenstein has a lot of interesting stuff to say about money too, such as the need for a system which discourages hoarding of the stuff.

David Graeber, is worth a read.

[biffvernon]

And yet, positive money, doesn't propose a monetary system without usury.

Now what was those religions that objected to usury?

[biffvernon]

Talk to the bear. About Positive Money
https://www.youtube.com/watch?v=bmR4qtEdu0I

https://www.positivemoney.org/