This is staggering

[eleos1954]

Global debt hits a new record at $247 trillion. Global debt has hit another high, climbing to $247 trillion in the first quarter of 2018, according to a report published Wednesday. ... The debt-to-GDP ratio has exceeded 318 percent, marking its first quarterly rise in two years. Jul 11, 2018

Good Grief!

 

[timothyu]

Those who give permission to print money for a fee are raking it in.

 

[Sam91]

And people think capitalism works? It just wastes the world's resources, pollutes the world so that people can buy the material goods that they have been convinced they need. All this in order to make more profit: madness.

Matthew 6:24

 

[eleos1954]

And people think capitalism works? It just wastes the world's resources, pollutes the world so that people can buy material goods, that they are convinced that they need to satisfy the want they are told to want, in order to make more profit. Madness.

Matthew 6:24

This is the world (entire globe) economic status ... not just countries that have capitalism.

 

[timothyu]

And people think capitalism works? It just wastes the world's resources, pollutes the world so that people can buy material goods, that they are convinced that they need to satisfy the want they are told to want, in order to make more profit. Madness.

What good is money if they can't convince people they need it for something? Money itself is worthless but the power behind it and the wealth made licensing the right to print it is quite lucrative. Money is the concept of a wealth that does not actually exist.

 

[Sam91]

This is the world (entire globe) economic status ... not just countries that have capitalism.

Yes, but capitalism is the dominant system and exploits the world. To keep it afloat, goods need bought- hence more 'debt'.

This debt keeps people in jobs and generates profits. The system doesn't work and it is destroying the Earth.

In the UK, we have had the dryest winter on record. Yesterday was the warmest February day I have ever known. It was 20°C. That is a summer temperature in winter. 16 out of the last 17 years have been the hottest ever. Mostly due to CO2 emissions because of this need to manufacture pointless goods that we don't really need.

It doesn't look like anything will improve. Climate change will increase. Debt will rise. Poverty will rise and so will famine, disease, sea-levels, migration- as parts of the world become unliveable. I could go on, but I probably shouldn't.

 

[eleos1954]

What good is money if they can't convince people they need it for something? Money itself is worthless but the power behind it and the wealth made licensing the right to print it is quite lucrative. Money is the concept of a wealth that does not actually exist.

well ... it's a way of conducting commerce ... when we and other countries went to fiat currency and off the gold standard ... then it became fairy dust.

 

[eleos1954]

Yes but capitalism is the dominant system and exploits the world. To keep it afloat, goods need bought- hence more 'debt'.

Capitalism - an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

"rather than by the state" - haven't really had true capitalism for a long long time.

There's no perfect system because mankind is corrupt.

 

[Sam91]

Capitalism - an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

"rather than by the state" - haven't really had true capitalism for a long long time.

There's no perfect system because mankind is corrupt.

The ethos still stands. We are still consuming just to make a profit. The masses toil and have no real benefit from it. Alienation is rife and people tend to think materialism will make them happy.

 

[eleos1954]

The ethos still stands. We are still consuming just to make a profit. The masses toil and have no real benefit from it. Alienation is rife and people tend to think materialism will make them happy.

well ... yeah ... our worst enemy is self ... selfishness. The sooner the Lord comes back and ends all this ... the better.

 

[timothyu]

Or the earth could just spit us out, restoring order and controllable numbers and the beat goes on.

 

[jkjk]

And people think capitalism works? It just wastes the world's resources, pollutes the world so that people can buy the material goods that they have been convinced they need. All this in order to make more profit: madness.

Matthew 6:24

It's also lifted billions of people out of poverty, resulted in tremendous technological breakthroughs, given people a choice to live their lives in a way that they believe will maximize their personal utility, etc.

People rightly point out many of capitalism's faults. But name another economic system that has actually resulted in as much good in as many places in as short a time as capitalism has facilitated.

Also, not to be pedantic, but capitalism can take many forms. We should be precise about what we mean when we say "capitalism." Adam Smith's capitalism is not Gordon Gecko's capitalism, for instance. We should be careful not to throw the baby out with the bathwater.

 

[eleos1954]

It's also lifted billions of people out of poverty, resulted in tremendous technological breakthroughs, given people a choice to live their lives in a way that they believe will maximize their personal utility, etc.

People rightly point out many of capitalism's faults. But name another economic system that has actually resulted in as much good in as many places in as short a time as capitalism has facilitated.

Also, not to be pedantic, but capitalism can take many forms. We should be precise about what we mean when we say "capitalism." Adam Smith's capitalism is not Gordon Gecko's capitalism, for instance. We should be careful not to throw the baby out with the bathwater.

Yes, I agree ... nothing is perfect ... like you stated ... more have benefited from capitalism than from any other system ... by a long shot.

 

[eleos1954]

Really interesting article about the US Debt

5 Reasons Why America Is in So Much Debt

 

[Sam91]

It's also lifted billions of people out of poverty, resulted in tremendous technological breakthroughs, given people a choice to live their lives in a way that they believe will maximize their personal utility, etc.

People rightly point out many of capitalism's faults. But name another economic system that has actually resulted in as much good in as many places in as short a time as capitalism has facilitated.

Also, not to be pedantic, but capitalism can take many forms. We should be precise about what we mean when we say "capitalism." Adam Smith's capitalism is not Gordon Gecko's capitalism, for instance. We should be careful not to throw the baby out with the bathwater.

It's probably too late to throw the baby out with the bath water. A more apt metaphor would be that we are leaving the baby in the bath water unattended. Climate change is happening and it seems unlikely the three major pollutors (China, USA, and India) will change their ways. The Earth is being destroyed, all for the sake of profit and the science backs it up. Billions more will suffer because greed is more important than our children's futures. In the next few years water poverty will be increasing for millions.

We managed to live on this Earth without too much of an impact until 150 years ago when the industrial revolution really took hold.

We have the technology to make the change, greed prevents it.

 

[timothyu]

We have the technology to make the change, greed prevents it.

The plume of soot from China settling over the Arctic and absorbing heat from the sun to melt ice would not be there if the nations using China for cheap labour moved elsewhere. But then the pollution would start somewhere else. Greed is the reason outside nations are there, but an unwillingness to follow pollution regulations is what forced them out of home in the first place. It is a vicious circle.

 

[Mountainmanbob]

It doesn't look like anything will improve. Climate change will increase. Debt will rise. Poverty will rise and so will famine, disease, sea-levels, migration- as parts of the world become unliveable. I could go on, but I probably shouldn't.

True this old earth with all of its sin is destined to wear out someday just like God said it would. And then there will be a new Earth with no more sin. Finish the good race examine ourselves and look forward to that.

This one is turning to rust and dust.

M-Bob

 

[Sam91]

Opinion: The climate strike is a source for hope – but it might be too late

 

[Tone]

Global debt hits a new record at $247 trillion. Global debt has hit another high, climbing to $247 trillion in the first quarter of 2018, according to a report published Wednesday. ... The debt-to-GDP ratio has exceeded 318 percent, marking its first quarterly rise in two years. Jul 11, 2018

Good Grief!

Sinking sand...in an egg timer...eggziled...

 

[Tone]

The plume of soot from China settling over the Arctic and absorbing heat from the sun to melt ice would not be there if the nations using China for cheap labour moved elsewhere. But then the pollution would start somewhere else. Greed is the reason outside nations are there, but an unwillingness to follow pollution regulations is what forced them out of home in the first place. It is a vicious circle.

Yeah the fiscal cycle...not His cycles.