What's going on with the world? It has been only eight years since the last global financial crises, but here we go again. They (the crises) are coming faster and faster. It's not going to be too long before recovery is no longer possible. Time to wake up and smell the coffee, or go down with the sinking ship.
What’s going on? Greece teeters on brink of financial collapse. Their debt is so bad that people cannot pay. The elites want to impose more austerity, but the people say no. As always, the elites ignore what the people want and they go ahead and, in a parliamentary decision, do it anyway. The people protest and suffer as a result, but The System continues on, and we keep our nose to the grindstone. You could be forgiven for thinking it is not a systemic event. If you listen to the mainstream media, they will paint it as a one-off thing, like it is the fault of the Greek people. It has something to do with their spending, or their growth, or their lack of discipline. The problem is, this is not a one off event. On the contrary, it is the beginning, in my humble opinion, of a total global economic collapse. First, it is Greece, and just today, Puerto Rico defaults on a debt payment! Check out the web and you will see that more and more countries are approaching the “debt wall”. If we continue business as usual, first millions, and then billions, of previously well off westerners are going to face the kind of economic hardship, poverty, and even hunger previously confined to the so-called developing nations. I assure you, if you stay sleeping, it is not going to be pretty.
But, what’s the problem? And, what’s the solution? The problem, as noted in my book Rocket Scientists’ Guide to Money and the Economy (Sharp, 2013), is the globalized regime of unfettered accumulation and the corrupted economies and debt it has foisted on this planet. More to the point, the problem is that the Regime of Accumulation has become so efficient, and the greed of the people who benefit from it has become so boundless, that there are absolutely no limits on the extent to which accumulation will not be allowed to run. Unless something is done, unless The System is immediately changed, cyclic economic crises will accelerate, debt will deepen, things will get worse and worse, and collapse will inevitably result (Sharp, 2013). There is good news however, and that is that the solution is quite simple. All that the people of Earth have to do to avoid cycling into total global collapse is 1) forgive all debt, across the board, immediately and without exception, and 2) regulate money, the economy, and accumulation for the benefit of everybody, rather than just a few. But don’t take my word for it. Even the richest man in the world knows there’s a problem (Stein, 2006) and if you look around you will see, more and more of this world’s elites are realizing it as well. Unfettered accumulation is not just leading to economic collapse, and it is not just the disempowered and disenfranchised masses that are going to suffer. If you think that hiding in a bunker in New Zealand protects you from category five hurricanes and tornadoes, out of control wild fires, or the total collapse of this world’s ecosystem, you are delusional. Rich or poor, our children are going to suffer. Hey, don’t shoot the messenger! Wealth can only buy you time; wealth cannot prevent the fall. If the masses go down with the ship, you do to. So if you want my advice, wrap your head around the core of the problem (i.e. unfettered accumulation), steel yourself for the solution (a fundamental revolution in this world’s economic system), and make the changes that we need to make before it is too late, too late, too late.
References
Sharp, M. (2013). The Rocket Scientists’ Guide to Money and the Economy: Accumulation and Debt. St Albert, Alberta: Lightning Path Press.
Stein, B. (2006). In Class Warfare, Guess Which Class is Winning (Vol. September): New York Times.
Support our Authors
The Rocket Scientists' Guide to Money and the Economy: Accumulation and Debt
How do you describe the Rocket Scientists' Guide to Money and the Economy? Is it demystification of this world's global economy? Is it down to earth revelation of the deep function and purpose of money? Is it an expose of dark heart of our economic system? It is a proposed solution to our economic, political, ecological, and psychological things. The answer is yes, it is all these things. But what it is not is a complicated esoteric treatise with a lot of big words. This book is designed to convey the truth to everyone, regardless of economic status, class, or education. So if you want the truth, here it is.
[ Kindle | Amazon.com | Book Finder Download PDF ]
Full Entry