The non-existent economy

The value of everything present on planet Earth does not go above 10% of the money, the shares and the real estate values. In other words, 90% of the presumed wealth does not exist. The reality is that our houses are worth a quarter, the shares of the quoted companies are worth a tenth, the public stock can be worth nothing and be no longer reimbursed. What has been happening since the beginning of the new millennium is a gigantic bonfire. A fire of colossal proportions that is burning the waste paper that we have printed. It was just an optical illusion. Dust it was and unto dust it shall return. Heaps of public debts, derivatives, currencies without value (like the American dollar), are continuously fed by governments without an idea for the future. A mad race by an out of control car. Growth is the solution, say the drivers, and press down on the accelerator. No organism in nature grows forever. They want to print money and sell debts for eternity. Inside this infernal machine, human activity is only of use in pushing the settling of accounts further into the future by a few years. The collapse of the planet. People work like slaves at the service of a non-existent wealth for a sick dream of a model of society in its twilight years. A hole is dug, a hole is filled up.
In the summer of this year, humanity had already used up all the renewable resources produced by the Earth. We are eating up the earth like an apple, only the core is left. Two planets are needed to keep up this rhythm. Mars could be the next frontier of consumerism. The human species reminds you of the Horsemen of the Apocalypse. When the natural resources don’t exist, virtual wealth is invented. We are working at the service of nothing. The engine is getting overheated. The so-called BRIC countries, Brazil, Russia, India and China, together with Turkey, the BRIC of the Mediterranean, will slow down their growth in 2012. For lack of customers. North America and Europe will go into recession. China’s strategy to continue producing is to buy up the debt of the countries to which it exports. Basically, it gives money in advance in order to be able to sell its goods. The deeper we go, the more we deny the problem. It’s not possible to create what doesn’t exist. Someone wake me up! AAAARGH!
![]() | Silenzio si ruba {Silence, there’s thieving}, by Marco Travaglio. |
Posted by Beppe Grillo at 12:19 PM in Economics
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(1) | Comments in Italian (translated)
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There is a solution. In place of measuring the GDP we should measure the GNH, or the Gross National Happiness. That's what they do in Bhutan. In that country material things and ownership don't determine wealth. Happiness determines wealth. In Bhutan surplus is about happiness minus pain experience. What's important is health, community involvement, relationship between work and other activities and the health of the environment. The people of Bhutan are the happiest people in the world. But then 90% of the people don't live with the fear that their next door neighbour might buy a car better than theirs. They believe in detachment from wants and desires. Reincarnation gives them serenity, and as far as they are concerned, death is not a problem. Death, for them, is only a springboard to another form of life. Imagine us always worrying about burning forever after we die? Just the thought ruins one's day. We should all become Buddhists. That should help us make better and different value judgements and put us on the road to happiness. But, I'm not holding my breath for that to happen any time soon!
Posted by: louis pacella | December 18, 2011 05:50 PM