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I understand your argument, and it is a good one.

Money as Debt is one driver of Growth: and it is possible to imagine scenarios where "intensive growth" - built upon whatever base we are about to plumb - sets us off on a more sustainable course for a while. That is what the Kondratieff Wave is all about, as I understand it.

But the sticking point is "the Corporation". The Cooperation and transparency that is, I think, necessary for "intensification" is programmed out of Corporations in favour of "Commercial in Confidence" and the great God of "Competition" (and don't get me wrong, I'm all in favour of people competing on Quality).

The other "driving force" in the economy is the drive for "Profit" (which is, IMHO, almost by definition, one of the root causes of inflation, Money as Debt being the other). Until you replace the Corporation and a "Profit and Loss" economy with something better, then "intensification" will be difficult, if not impossible.

Within a Partnership there is no "Profit" and no "Loss", merely creation and exchange of Value ("Money's worth") in all its forms - and deficit "Money as Debt" is not Value, but a claim over it. People collaborate and share information etc in a Partnership, because they share in the gains if they do.

One of the best illustrations of the negative effect of Corporations - and the instiable appetite for Growth in Profits - is in the UK right now, where, because we have privatised Gas and electricity supply, our energy policy will always be directed down routes which do NOT lead to reduced energy consumption.

Reform rather than revolution

I prefer transformation.

The system cannot be reformed from inside.  But, as I bang on about on ET, I believe that partnership-based alternatives are emerging to the dinosaur Corporations, and that if they do not use such collaborative models they will be "out-competed" by those who do.

It's because they have the "Cooperative Advantage" of not having to pay returns to rentiers.

In a networked society there is no place for intermediaries. The defining moment of the necessary transformation is the ongoing collapse of the financial system and its transition into something else.

IMHO that will occur during the next four years. Maximum.

Napsterisation happens fast.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sat Jan 26th, 2008 at 07:46:13 AM EST
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