8/10
Growth must be accelerated to meet the demands of debt that can never be paid off.
7 April 2021
Hmm ... 'planned obsolescence' is a two-edged sword: one the one hand it is a redundant waste of resources and a creator of environmental damage both in extraction and disposal, yet it serves the economic growth paradigm that has allowed the historic economic growth of west (capitalism), now under attack under the aegis of the environmental movement, i.e. Global warming, that insists we must cut carbon emissions (decarbonization) to save the natural planet from its human enemies (depopulation).

I wonder: could it be that our privately owned fractional reserve banking system, its inherent debt-based, serial sector boom-to-bust, hyper-inflated nation-state and currency destruction be caused by the accelerated growth made manifest in 'planned obsolescence'; and a simple change in ownership of our banking system (public banking), using a fiat currency that is not debt-based, be a solution leading sustainable growth and product resiliency? Growth must be accelerated to meet the demands of debt that can never be paid off.
0 out of 0 found this helpful. Was this review helpful? Sign in to vote.
Permalink

Recently Viewed