Blog - Destined to Fail – Magical Thinking at the G20 - Jun. 27, 2010 - Blogs at Chris Martenson - Blog, Chris Martenson's Blog, G20, geithner, limits, Obama, Summers, The Three Es, toronto
Kia-ora
"Debt-based money requires growth. If we had a stable population engaged in stable and sustainable activities using non debt-based money as their freely circulating medium of exchange, then there would be no “need” for economic growth. Zero percent economic growth would work just fine".
Governments are still talking about economic growth as their main goal. It is our Governments only goal. Constrained only by the amount of wealth distribution towards big business they can get away with and still be elected.
The fact is in NZ we have the resources for all of us top live well without growth. The need for growth is a function of how debt funded capitalism works.
It is time we all thought about a paradigm change in our economic system as continual growth is not possible without taking from future generations,
Growth is not sustainable!
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