Menace of Contemporary Global Capitalist Economy

Discussion in 'Economy & Infrastructure' started by Menhit, Jan 8, 2014.

  1. Menhit

    Menhit Regular Member

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    Excerpt from an article by David C Korten: Life after Capitalism | Living Economies Forum

     
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  3. Sakal Gharelu Ustad

    Sakal Gharelu Ustad Detests Jholawalas Moderator

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    Seriously, I am surprised how people come up with such weird illogical shit!
     
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  4. gokussj9

    gokussj9 Senior Member Senior Member

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    I am more surprised at fellow Injuns lapping it up.:lol:
     
  5. Known_Unknown

    Known_Unknown Devil's Advocate Stars and Ambassadors

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    Great article. A reminder to us that real wealth is not having countless pieces of paper with funny numbers and symbols on them, but being enriched by things like family, friendships, skills, character and the like. Money will always come and go, so do not sacrifice your lives, morals and principles for the sake of a few pennies.
     
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  6. Sakal Gharelu Ustad

    Sakal Gharelu Ustad Detests Jholawalas Moderator

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    Usual commie gyan!
     
  7. Known_Unknown

    Known_Unknown Devil's Advocate Stars and Ambassadors

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    So you're proposing that funny pieces of worthless paper are more important than family, character etc?
     
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  8. civfanatic

    civfanatic Retired Moderator

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    Paper is worthless. I'd rather own land, and lots of it.

    Land = real wealth. Timeless and valuable in any age. More valuable in some ages than others.

    Of course, family and friends are important too. But so is (real) wealth.
     
  9. pmaitra

    pmaitra Moderator Moderator

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    @Sakal Gharelu Ustad believes in Fractional Reserve Banking, i.e. printing money out of thin air. :D We have sparred a lot on this issue.
     
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  10. PredictablyMalicious

    PredictablyMalicious Punjabi Senior Member

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    "Fuk bishes, get money" -- Nietzsche
     
  11. Sakal Gharelu Ustad

    Sakal Gharelu Ustad Detests Jholawalas Moderator

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    Having more pieces of worthless paper does not necessarily mean you have a bad character or screwed family. Actually there is no linear relationship. But yes, people at the bottom of pyramid have neither funny pieces nor anything else.
     
  12. Sakal Gharelu Ustad

    Sakal Gharelu Ustad Detests Jholawalas Moderator

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    Please give me your paper since it is worthless.

    Funny, people do not understand it is just a medium of exchange!
     
  13. Sakal Gharelu Ustad

    Sakal Gharelu Ustad Detests Jholawalas Moderator

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    And you predicted doom of US economy. I have already been waiting for a year now!
     
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  14. Menhit

    Menhit Regular Member

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    Medium of exchange for what? Resources, some of which cannot be renewed once depleted. The article is about the rate at which we are losing our real wealth to money for example, fifty years ago we were poor because we had less money but, we had access to safe drinking water at no cost but, today almost every house needs a water purification system because of fall in quality of water (real wealth), we have more money but, not more safe drinking water. It was just an example but, the fact remains same we are depleting our real wealth to money in every aspect of life and if we continue this way then one day we will lose our species too to money.
     
    Last edited: Jan 8, 2014
  15. Sakal Gharelu Ustad

    Sakal Gharelu Ustad Detests Jholawalas Moderator

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    I drink water from the tap here in France(most people in the west do that. Something which was impossible 50yrs ago). Don't make useless arguments like the guy in the article. Growth has both good and bad impacts and here it has nothing to do with paper money.
     
  16. Menhit

    Menhit Regular Member

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    You live in France which goes to Africa and Asia for dumping its nuclear and electronic wastes so, you won't understand the crisis of drinking water that LDC's are facing and will face in future in the name of foreign investment. Blind growth at the cost of natural resources has a lot to do with the desire of accumulation of monetary wealth by a certain group of people who run corporates.
     
  17. Sakal Gharelu Ustad

    Sakal Gharelu Ustad Detests Jholawalas Moderator

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    It is just a phase of growth, something you fail to comprehend. Read articles about how filthy the western rivers and ecosystem were 4-5 decades ago. It is easier to blame others for your own problems.

    Yours is a typical syndrome of bleeding heart jholachaps, who do not want to understand the bigger picture.
     
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  18. pmaitra

    pmaitra Moderator Moderator

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    I don't recall giving a timeline.

    Have you heard about the US government shutdown?
     
  19. Sakal Gharelu Ustad

    Sakal Gharelu Ustad Detests Jholawalas Moderator

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    If you let the time go to infinity then it would definitely happen!

    I did. Republicans were smoking pot!
     
  20. pmaitra

    pmaitra Moderator Moderator

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    Infinity is indeed important in an exponential function. It will happen much sooner than you would think.
     

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