in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up
Tuesday, October 15, 2013
Sequesters, Shutdowns and Defaults
If it is true, as I believe, that the core of any capitalist ruling class are its financial/banking people, then this otherwise brilliant idea will go nowhere under the existing system. It will take a revolution by the people who must take real democratic control of the economy to effect the changes to the money supply and the Fed which he proposes.
Another shortcoming is that Zarlenga, in his enthusiasm for this new arrangement, does not see the threat of dramatic climate changes and increasing cost of diminishing resources. However, his valid conception of money goes a long way to demystifying what money is. I highly recommend his book.