Capitalism must grow or die. Massive worldwide default would extend its life, but only delay the day of reckoning. That's because no matter what we humans do with economics and finance, if we don't repay the biosphere, we will find nature's debt collector to be unmerciful.
The problems of debt and wealth inequality are small compared to the problem of the complex infrastructure we have built that constantly drains the resources needed to sustain life.
China is now jumping on the development bandwagon with big plans to connect and develop eurasia. This will just add to the problem.
The more 10-story glass and steel malls we build, the sooner we will perish.
The problems of debt and wealth inequality are small compared to the problem of the complex infrastructure we have built that constantly drains the resources needed to sustain life.
China is now jumping on the development bandwagon with big plans to connect and develop eurasia. This will just add to the problem.
The more 10-story glass and steel malls we build, the sooner we will perish.
