Showing posts with label GDP. Show all posts
Showing posts with label GDP. Show all posts

Thursday, May 2, 2024

War, ignorant politicians, Eco-Crisis, famine, and what to do

Various wars around the globe are making the Eco-Crisis worse and placing more people on the path to starvation. One billion people already are on the brink of famine.  

Meanwhile, ignoramuses like Netanyahu, Biden, Putin, a bunch of minor tin-pot generals all over, and others ("The Establishment", including Trump) would rather pursue WAR than global common sense.  After all, war is great for the private war-machine industry, and such is a boon to the almighty secular god - an ever-growing GDP.

C'est la vie in an ecologically ignorant world.  Overall, anyway.  Here and there are some strong pockets of eco-ethics.  People in those areas will have a somewhat easier time of it when the 100mph freight train hits...which will be in large and scattered areas (in the beginning) most likely within ten years (or so).  Many places along latitudes closest to the equator probably will be the first to experience forced, massive migrations away from the heat and failing crops.  [Either from selling their crops or eating them, HALF the world's families get most of their food from subsistence farming on less than one acre per family.  At the same time, only twenty-six Super-Rich individuals have more wealth than that HALF of the world.]  

But, HEY, let's keep pouring $$$ into war machines, and electing politicians who think nuclear war is do-able, and the polluting & killing resulting from conventional war is required, eh?  That will help the Crisis soooo much.  ðŸ™ƒ   [It's both tragic beyond belief, and hilarious in its total ignorance.]

So, what can we do?
1)  Stop drinking the Propaganda Kool Aid supplied by Oligarchs and their puppets.
2)  Be more tolerant of opposing views.  Stifle hate in yourself.  Hating each other is not helping anything.
3)  Stop electing to office those politicians who are divisive, or warmongering, or hateful, and lack compassion, civility, and statesmanship.  We need people in office who understand how great are the gifts of Mother Earth and humanity.  We don't need those who are bent on pitting one group against another, and who fail to grasp the sacredness of Earth.  Main Street is fed-up to the hilt with Leaders who have no integrity or vision.
4)  If you're short of knowledge in the following areas, educate yourself in the history of nuclear weapons, the principles of ecology, the history and/or the importance of nonviolent dissent, and Edward Bernays style propaganda.  [Yes, I know: that's a lot.  At least pick one topic:]
5)  Live an intentional, purposeful, peaceful life.  Don't be distracted by "bread and circuses", or consumerism and overconsumption.  Such only benefits the ruling Oligarchy.
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Not only my opinion.  Happy Trails

Friday, December 15, 2023

WOW, "Beyond Growth": Jason Hickel on Capital, GDP, the Global North, EU's Green Deal, Economics+

[You may have to adjust it back to the beginning.]

Prof. Jason Hickel is a comprehensive, holistic thinker who grasps the value and complexity of the systems approach to problem-solving.  In this short talk (introductory remarks to a "Beyond Growth" Conference in Europe), he wows and inspires the audience with a concise no-holds-barred view of the human predicament and the best choices for moving forward.

As Hickel verbally unpacks multiple crucial issues in his rapid-fire delivery, I'm again reminded of how Europe (in general) is light-years ahead of the USA when it comes to sustainability considerations.  Here in my country (which I love & never would leave), it often seems as though the overwhelming majority of adults are mired in the dogma of infinite economic growth.  It's sacrosanct.  It's a given, never to be questioned.  It's a secular religion.  Such must change if our species is to survive and thrive.

On the bright side, I'm encouraged by the interest developing online in the ideas of not only Hickel, but also William E. Rees, Nate Hagens, Simon Michaux, Brian Czech, Vandana Shiva, Peter Kalmus, Joseph Tainter, Steve Keen, Giorgos Kallis, Dennis Meadows, Josh Farley, Patrick Ophuls, and many other natural and/or social scientists.  As more people become aware of planetary boundaries and biophysical issues, the better our chances of successfully navigating through the current, multi-pronged Crisis.
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Not only my opinion.  Take Care

Friday, May 26, 2023

The Corporatocracy doesn't want you to know this about economics & the economy

In general, the Powers-That-Be (both public & private) almost constantly mislead us regarding whether or not the economy is doing well.  That's because they measure such all wrong.
Robert Reich tells it like it is---

To have an economics as if all people and the entire ecosphere matter, we must adhere to the parameters described/endorsed by Prof. Reich in the short clip above.  Anything else is mostly propaganda.
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Not only my opinion.  Take Care

Monday, August 15, 2022

Better Than Nothing, But Falls Way Short of What's Needed NOW

Commentary on the Inflation Reduction Act (IRA) by two fellows at inequality.org - 
https://www.newsweek.com/trillionaires-burning-planet-package-deal-opinion-1731955

The IRA is a paltry start on a few (certainly not all) major problems.  For example, while boosting development of renewable energy, it also greatly favors fossil fuels.  Now there's an oxymoron, eh?  As to taxing the Rich Polluters, forget it.  Health care - paltry, paltry, paltry.

On a related note---
Just as bad, there are no significant, proposed legislative bills which address toxic pollution, biodiversity loss, soil degradation, and more.  They all are just as much an existential threat as is climate disruption.

On a separate note---
Yes, despite what the elites are saying, we are in a recession.  The last Jobs Report is being touted as proof to the contrary, but is anyone asking the following?  How many of those jobs are part-time?  How many are temporary?  How many are low-paying?  How many are some combination of the preceding?  How many workers have two jobs, and still can't get ahead of inflation?  Why not? Because the jobs are relatively low-paying and have close to zero benefits.

Then, too, consider this:  according to the U.S. Debt Clock, the median income here is a tad under $36K/year.  That means half our workers make LESS than $36K.  Half.  So, how is the economy surviving?  On DEBT, massive debt - national, corporate, and personal debt.  Total U.S. debt is now over $92 trillion.  Our GDP is under $25 trillion, and decreasing every second.  [See usdebtclock.org ]  All Bubbles (including Debt Bubbles) burst sooner or later.  The whole situation is unsustainable.
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Not only my opinion.  Be Well

Sunday, August 12, 2018

"The Trump Slump" -Or- The Dollar, The Bust, & The Future


I didn't coin the phrase, "The Trump Slump"; that comes from a group of International Bankers.  It resulted from the fact that the U.S. Dollar fell consistently throughout all of 2017.  2018 is boding no better.

Below is a recent email I sent to family & friends.  The title of it was "The Dollar, The Bust, & The Future".
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And so far in 2018, price inflation has increased.

If the economy is "surging" (as stated by NBC), why is the median income here in the USA now only $32,110?  Compare that to the median income in 2000:  $31,514... a bare bones increase in 18 years.  I doubt it even covered the loss of purchasing power due to price inflation.  The economy is "surging" only for the upper 10-15% (or so) of income earners.

Just a reminder...be prepared...I'm guessing the Crash is no more than two years away.  Yes, it's only a guess, but the Stock Market is in a Bubble larger than the one just prior to the 2008 Crash; the same is true of today's Housing Bubble.  The Bond Market Bubble already has peaked & is slowly deflating.  Auto sales are down in 2018.  The PetroDollar is in its death throes.  In less than ten years, the Dollar no longer will be the world's reserve currency; the IMF is seeing to that with a program already underway.  Plus, Fed Gov't spending is increasing more under Trump & the Repub Congress than during the 1st two years of either Bush or Obama.  Our National Debt continues to increase at a phenomenal rate.  [See www.USDebtClock.org] Confidence in the Dollar is decreasing worldwide.

Corporate profits are at an all-time high, but where's the "Trickle-Down"?  Corporations are using those profits to buy back their own Stock, thus falsely inflating that Market.

The primary reason our GDP has increased is:  the Powers-That-Be still count income made by the Financial Sector as adding to the Gross Domestic Product.  In fact, though, the Financiers extract wealth from the economy.  Their income should be subtracted from the GDP.  This has been shown clearly by the economist, Professor Richard Werner.  [His interview clips/lecture clips are on YouTube.]

Finally, in the Boom-Bust Cycle since 1973, we are now overdue for the next Bust.  The only thing in question is:  how large will the next Bust be?

The good news is that it's highly likely that this next Crash finally will bring about meaningful reform in our corrupt, Crony Capitalist system...and very possibly an end to the privatizing of government.  We need to return to a Mixed Economy, like the one that produced the Golden Age of American Capitalism (1946-1972, or some say, '45 through the early '60s).
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Not only my opinion.  Be Well

"Don't Believe Him"

The Nazis in the 1930's and 1940's used exactly the same propaganda tactic as is used by Trump:  repeat a lie over & over, and m...