Well WA is finally getting some decent rain so we are inside catching up on some reading.
I wanted to share some thought provoking words from "The Wealth of Nature Economics as if survival mattered" By John Michael Greer.
"To a very great extent, indeed, the last 300 years of economic expansion have been driven by a borrowing binge even more colossal, and ultimately more catastrophic, than the one that began its implosion in 2008. The difference is that instead of borrowing from banks we borrowed from the earths stockpile of fossil carbon, and squandered most of out borrowings on vaster equivalents of the salad shooters and granite countertops that absorb so much ficticious value during the late boom. By the time Nature's collection agencies get through with us, they may have repossessed everything we bought with our borrowings - which is to say nearly everything we've built over the last three centuries."
I wanted to share some thought provoking words from "The Wealth of Nature Economics as if survival mattered" By John Michael Greer.
"To a very great extent, indeed, the last 300 years of economic expansion have been driven by a borrowing binge even more colossal, and ultimately more catastrophic, than the one that began its implosion in 2008. The difference is that instead of borrowing from banks we borrowed from the earths stockpile of fossil carbon, and squandered most of out borrowings on vaster equivalents of the salad shooters and granite countertops that absorb so much ficticious value during the late boom. By the time Nature's collection agencies get through with us, they may have repossessed everything we bought with our borrowings - which is to say nearly everything we've built over the last three centuries."
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