But all of this suggests that we should discuss our future rather than trying to judge Obama
Anyone wanna try this future thing ? keep to the Fen Causeway
Only global warming and lack of energy transformation is a sistemic problem. The rest can be solved with the proper technocratic people in charge....where by technocratic I mean an Eisenhower Republican (that is , a radical leftie today).
If the transition to a new energy order is taken as a World War type of effort, the rest, is peanuts and technocratic.
So the future does not looks good, becasue noone seems to consider global warming the catastrophe it is... and the solution to our aggregate demand problem that it is.
A pleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
an Eisenhower Republican (that is , a radical leftie today)
I will. Only global warming and lack of energy transformation is a sistemic problem.
Only global warming and lack of energy transformation is a sistemic problem.
thankyou.
it is only when we perceive this that we can be of any use, i believe.
it changes everything... ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
Anyone wanna try this future thing ?
kcurie is right as to priorities. But to enable us to address our problems with the alacrity which they deserve we need to get the millstone of debt, so much of which is the consequence of counterfeit, from around our necks. This boils down to confronting the political power of those who hold the debt. That is why I wanted to let them die back in late 2008 and early 2009 when they were on life support. We need another such opportunity but we need to take advantage of that opportunity if/when it occurs.
However bad the consequences of the collapse of the existing system might be, the consequences of it continuing are worse. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
Just not equity as we know it, Jim "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
Call me Javert if you will, but LLoyd Blankfein hardly qualifies as Jean Valjean, nor do very many of his colleagues and independent co-actors in our current, sordid spectacle. I do not think we can get beyond this until and unless we have confronted it as a society. In this way, what has occurred is comparable in monstrosity to other great crimes in our history. For purposes of social narrative, some of the most egregious must be prosecuted, some of the ill-gotten gains must be clawed back and some of the odious debt must be repudiated. Then it might be appropriate to deal with the rest via a debt to equity swap, as you propose. To make a debt-equity swap the only significant response would likely discredit the process. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
For purposes of social narrative, some of the most egregious must be prosecuted, some of the ill-gotten gains must be clawed back and some of the odious debt must be repudiated
As you say. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
