There is nothing worse than hearing good ideas and knowing they will be ignored. This is from Microclesia’s A Debased Liberty.
One thing is clear – creating massive amounts of new debt to bail out a failed financial system is insanity. We are buying temporary relief, while further propping up an unsustainable future.
We should instead be focusing our efforts on creating a new kind of capitalism that seeks to immediately prioritize the fundamental needs of all stakeholders, creates airtight disincentive to personal and corporate greed, mandates leverage limits (ALL types of debt: individual, corporate, legislative, equity markets) at conservative levels – while encouraging human creativity towards the development of long-term sustainable systems and energy alternatives.
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