The challenge - what would a sustainable economy look like?
Like our global energy crises there must be economically sustainable as well. We assume that because a dollar circulates from your hand to Wal-Mart’s stockholders hands that our economic system is sustainable - but it is not.
The problem is not money - money is merely as unit of measure. Blaming a unit of measure for what drives the heart of man, well is the nature of man. Therefore the first problem of a unit of money is the human heart. The second and real problem with a unit of money is in the growth calculation used for compound interest. Compound interest is based upon the mathematical rule of 72. The rule of 72: the interest rate is divided in the number 72 and the result of the number of years required for the unit of money to double in value. For example: 5% interest divided into 72 results with 12, therefore every 12 years the principal amount doubles in value meaning 1 becomes 2 and 100 becomes 200 but in trillions such as our deficit - well you do the math but realize that the interest will certainly change significantly by the time you completed a single calculation.
The challenge presented is that in a futuristic society such non-sustainable rules would be restricted from education and healthcare.
If this program was from the World Bank - what would be your response?
Any ideas or comments?
Tags: bank, economy, innovative, knowledge, qaaba, system, world
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Replies to This Discussion
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Permalink Reply by Stephen Israel on -
i call it: "holistic
market principle."
it could also be called
"conscious capitalism," or,
"collective capitalism." dr. chopra calls it
"just capitalism,"
taking shape through a
social movement called:
"OCCUPY
YOURSELF."
BE THE 100%.
have a look, and let us know what you think:)
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Permalink Reply by Robert Short on
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These are all fine labels or slogans but they merely lend a social brand that identifies a collective. Although labels pull the attention of collectives, labels are not frameworks that can mechanize a results oriented initiative. Such initiatives must mechanize in order to establish change and manifest a social resilience that maintains the change into the future.
We all strive to articulate a method to unify our system systemically in exploration to resolve our most dramatic needs as a human race; this is good as a growing awareness needs to reach a critical mass; meaning the strife should not result in creating the challenge, those are already provided, but rather focusing the challenge to creating the result oriented solutions.
My research supports the exploration of models that require top-down solutions such as - what would a sustainable global banking system look like! What if compound interest was no longer calculated by the rule of 72 as part of a new global banking system for financing certain life sciences?
© 2012 Created by David Woolfson.
