BEFORE2030 - A LIVABLE FUTURE For people, planet, and all life
REVAMP FINANCIAL SYSTEM
This is being forced to change as I write this. Unrestrained capitalism appears to have reached its limit, maybe as early as 2008, at the beginning of the Great Recession. It has been propped up in several ways ever since. Those who make the most from the ‘old’ system will fight tooth, are fighting tooth and nail to keep their pet dinosaurs alive, preventing the new world from birthing. By preventing the new world from birthing, by putting off what should be natural transitions, they will usher in chaos, frantic collapse and panic scenarios. And they will blame ‘flaming liberals’ like me for causing it, when in fact their draconian attitudes and refusal to evolve caused it. This is the refusal to accept feedback from the systems and then self-regulate (Permaculture principle). Nature does this automatically and so is always adjusting, it can’t develop attitudes like humans in a system and be stubborn!
Growth is essential for capitalism, but it’s fatal for the planet. Because we live in a finite biological and botanical world that is interconnected and interdependent, the whole system is self-correcting. If you insist on a growth imperative, don’t expect your grandchildren to bless you in your grave.
This Degrowth imperative leads to what’s being called a ‘steady-state’ economy. There are a lot of experts studying this subject. At the World Economic Forum website it says, “The idea is that by pursuing degrowth policies, economies can help themselves, their citizens and the planet by becoming more sustainable.”
In recent years, the financial system, above all other systems, has been the most volatile. So, no one can really argue that its form is the best we can hope for. We saw in the debacle of the financial institutions of 2008, how they immediately embraced socialization for their losses and privatization for profits. It was such a blatant show. The free market fell apart and public money had to pour in to save it. We saw during the Plague of the early 2020s some similar fancy work. Changes that were deemed impossible occurred overnight.
It’s a complex sprawling field to work in. But, from the world I’m presenting here, we can all see that the financial system will have to flex, bend, and kicking and screaming, fundamentally evolve to serve the new world of sustainability. This is natural – natural being something not often allowed to happen in human constructed systems. Perhaps some economist, with an open mind, could take this on and write a book about it, showing us what it might look like, a kind of future financial birthing manual. Perhaps, Kate Raworth has already given us it in Doughnut Economics, where she says an economy should be designed to thrive, not grow.
Further info:
https://mainstreetjournal.substack.com
https://www.youtube.com/watch?v=7h6X7WBANKY&t=5s (Kate Raworth: The Superorganism V. The Doughnut, Great Simplification #77)
https://www.kateraworth,com/doughnut/ (The Doughnut of social and planetary boundaries)
J.K. Gibson-graham, Take Back The Economy: An Ethical Guide for Transforming Our Communities
USE UP AND DOWN ARROWS ON YOUR KEYBOARD IN 'MORE' COLUMN IF PAGES DON'T SHOW
This is being forced to change as I write this. Unrestrained capitalism appears to have reached its limit, maybe as early as 2008, at the beginning of the Great Recession. It has been propped up in several ways ever since. Those who make the most from the ‘old’ system will fight tooth, are fighting tooth and nail to keep their pet dinosaurs alive, preventing the new world from birthing. By preventing the new world from birthing, by putting off what should be natural transitions, they will usher in chaos, frantic collapse and panic scenarios. And they will blame ‘flaming liberals’ like me for causing it, when in fact their draconian attitudes and refusal to evolve caused it. This is the refusal to accept feedback from the systems and then self-regulate (Permaculture principle). Nature does this automatically and so is always adjusting, it can’t develop attitudes like humans in a system and be stubborn!
Growth is essential for capitalism, but it’s fatal for the planet. Because we live in a finite biological and botanical world that is interconnected and interdependent, the whole system is self-correcting. If you insist on a growth imperative, don’t expect your grandchildren to bless you in your grave.
This Degrowth imperative leads to what’s being called a ‘steady-state’ economy. There are a lot of experts studying this subject. At the World Economic Forum website it says, “The idea is that by pursuing degrowth policies, economies can help themselves, their citizens and the planet by becoming more sustainable.”
In recent years, the financial system, above all other systems, has been the most volatile. So, no one can really argue that its form is the best we can hope for. We saw in the debacle of the financial institutions of 2008, how they immediately embraced socialization for their losses and privatization for profits. It was such a blatant show. The free market fell apart and public money had to pour in to save it. We saw during the Plague of the early 2020s some similar fancy work. Changes that were deemed impossible occurred overnight.
It’s a complex sprawling field to work in. But, from the world I’m presenting here, we can all see that the financial system will have to flex, bend, and kicking and screaming, fundamentally evolve to serve the new world of sustainability. This is natural – natural being something not often allowed to happen in human constructed systems. Perhaps some economist, with an open mind, could take this on and write a book about it, showing us what it might look like, a kind of future financial birthing manual. Perhaps, Kate Raworth has already given us it in Doughnut Economics, where she says an economy should be designed to thrive, not grow.
Further info:
https://mainstreetjournal.substack.com
https://www.youtube.com/watch?v=7h6X7WBANKY&t=5s (Kate Raworth: The Superorganism V. The Doughnut, Great Simplification #77)
https://www.kateraworth,com/doughnut/ (The Doughnut of social and planetary boundaries)
J.K. Gibson-graham, Take Back The Economy: An Ethical Guide for Transforming Our Communities
USE UP AND DOWN ARROWS ON YOUR KEYBOARD IN 'MORE' COLUMN IF PAGES DON'T SHOW
