"Capitalism needs endless growth," Capitalism, the private for-profit money system, drives growth by issuing money as debt out of which interest is extracted. When banks stop lending, or loan payments (money destroyed) exceeds loans being made (money created) the system crashes. This happens every 8-10 years and is a transfer of wealth as loans default and the real wealth collateral securing loans is picked up for pennies on the dollar. Capitalism is a debt parasite on the back of free enterprise ever centralizing control. The capitalist money system has negative psychological consequences as well, alienation, unethical behaviors etc. With a positive public money system we can create a steady state economy and turn the economics of greed into the economics of care. monetaryalliance.org
"Capitalism needs endless growth," Capitalism, the private for-profit money system, drives growth by issuing money as debt out of which interest is extracted. When banks stop lending, or loan payments (money destroyed) exceeds loans being made (money created) the system crashes. This happens every 8-10 years and is a transfer of wealth as loans default and the real wealth collateral securing loans is picked up for pennies on the dollar. Capitalism is a debt parasite on the back of free enterprise ever centralizing control. The capitalist money system has negative psychological consequences as well, alienation, unethical behaviors etc. With a positive public money system we can create a steady state economy and turn the economics of greed into the economics of care. monetaryalliance.org
Someone said "you can't have infinite growth on a finite planet."
We are working at proving him wrong.