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... monetary system can be "fixed" is to my mind the regulation question. We by and large fixed it already, and private interests in pursuit of individual monetary gain succeeded in a six decade long project to strip out the solutions and re-break it.

It may be that is just the human condition ... the a different type of monetary system will have its own strengths and weaknesses under its own appropriate system of regulation, and its own way to break it in pursuit of individual monetary gain.

OTOH, if there are incremental steps toward that monetary system that can be used to accelerate development of a more sustainable economy, we'd want to adopt them in any event, since to worry about those problems that crop up three decades down the track, we have to get three decades down the track with a complex society intact.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Sat Sep 27th, 2008 at 10:31:54 AM EST
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