Artificial Intelligence., Capitalism, Capitalism and Greed, Capitalism vs. the Climate., Democracy, Distribution of wealth, Environment, Globalization, Inequility, Social Media, Sovereign Wealth Funds, Technology, United Nations, Visions of the future., World aid commission
( A Four minute Happy New Year read)
As David Attenborough once said.
” Anyone who thinks that you can have infinite growth on a finite planet is either a madman or an economist” I would add technology in the form of profit seeking Algorithms.
Infinite growth might have seemed possible when Captain Cook was around, unfortunately it no longer holds.
However we are all still lead to believe that GDP marks human progress.
Our world is rapidly changing. Markedly defined by the Internet.
We are now standing on the threshold of divorce between Money and State with natural systems under enormous pressure which I am sure I don’t have to high light here.
With the planet groaning, ever trade deal is a new frontier of accumulation a form of World GDP exploitation that was and still is promoted by the help of the World Bank, and the IMF.
We are now at a stage where GDP growth is beginning to create more poverty, and inequality than it eliminates.
Unfortunately the resources of the world have been exploited both for debt and profit rather than sustainability, and as long as GDP growth remains the main objective of Globalization we will see more and more countries going into irreversible debt, and war over freshwater, air, and energy.
These profound changes are emboldened by the evident failures on both levels of political control: Technological Regulations/ Laws and the growing power of monopoly platforms like Facebook, Twitter, Google, Microsoft, the Cloud etc.
Don’t worry say’s technology we can decouple sustainability and material throughput.
A beguiling vision of a future lightweight economy.
Facebook and the Cloud are gathering an unprecedented amount of power and allowing their business practices to be a disruptive force for democracy.
All pointers signaling the widespread decay of the economic and political frameworks in which our institutions operate.
With profit seeking algorithms rich countries are in fact increasing consumption, still producing stuff and by 2030 it will be in the 100 billion tons.
There is also a growing belief as we convert to renewable energies and begin to use negative – emissions technologies that we can change the damage to the climate.
However if we continue to ignore that energy use is only part of the problem.
It is what we are doing with it is the problem.
Polluting our sea, chopping down our forests, producing cement, creating land fills with waste, eroding our land, all contributing more and more greenhouse gases. Switching to clean energy will do nothing to slow this down.
The problem is much deeper than we are willing to admit.
We need a new consciousness for a different world.
Our crucial first step would be to get rid of GDP as a measure of economic growth/progress and well-being.
We need to have an open discussion about what we really value.
We are all aware of the individual problems, but the main problem remains the same – Inequality due to the distribution and exploitation of the world’s wealth.
Any rich country that has food banks, people sleeping on the street, is for me a failed state.
I have written many a post with a solution that to date has fallen on deaf ears.
it is my conviction that at this point and time its impossible to correct the imbalances of Capitalism. We can only ensure that Capitalism pays for the damage by introducing a World Aid Commission.
On all High Frequency trading, on all Sovereign Wealth Fund Accusations,on all Foreign exchange transactions over $50,000, on all Social Media platforms postings, on all Bitcoin’s, and other digital currency transactions.
This fund would be a perpetual source of money.
It could replace the begging Organisations.Re Establish the United Nations an effective world organisation that could address and react to world needs, where ever, when ever.
It could be managed under the UN umbrella, provided it was totally independent/ transparent of any lobbing and political veto interference.
Its funds could be granted with no repayments requirements.
It would change the world for the better, by spreading its wealth where it is needed most.
Of course the problem remains as to how we get our Capitalist Master to implement such a course of action.
Perhaps Bitcoin’s ability to promote the divorce between Money and State, might be a place to start.
All suggestions appreciated.
All human comments appreciated. All Like clicks chucked in the bin.