Sunday, March 4, 2012

Economists having wrong debate

Economists are arguing about how to deal with the financial crisis. Some say cut, some say borrow and spend. Both are correct that inequality is getting worse, debt bubbles only delay collapse, and capitalism is a trickle-up, not a trickle-down system.

But both sides have a blind spot when it comes to growth. Growth must stop.

Our current system depends on using natural resources. These resources are running out. The human die-off is already occurring in some areas, giving us a heads-up on what is to come for all.

We need to go back to a simple theme: "waste not, want not."

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