Alternatives to the Growth Economy — Examples from the Real World
Economy | Information | History | Online | Facts | World | Global | Money
The growth economy is historically relatively recent, and is now consuming 1.5 Earths and growing. Compound interest is sucking the lifeblood out of the real economy, from households to countries. Mike Lewis, co-author of The Resilience Imperative, tells the story of the successful JAK cooperative Bank in Sweden, which is based on saving on behalf of others and uses only simple interest. It’s one example from the book which illuminates “alternate pathways to move from a growth imperative to a resilience imperative… It presumes we will transition ourselves back to one Earth and find a different way of dealing with a number of ways we meet our basic needs — whether it’s with food, energy, shelter, land, or finance (an important part of the problem).” Don’t miss his stunning hungry hamster example of compound interest at work! Episode 315 [http://communityrenewal.ca] For info on the JAK bank: https://en.wikipedia.org/wiki/JAK_Members_Bank Thanks for being in the Peak Moment viewer community! Subscribe to peakmoment channel on YouTube for more great shows on grass roots pioneers forging a post-growth culture. Subscribe to email news or donate at http://www.peakmoment.tv. Visit Peak Moment on: Facebook: http://www.facebook.com/pages/Peak-Moment-TV/113511867700 GooglePlus: https://plus.google.com/+peakmoment/posts Janaia on Facebook: http://www.facebook.com/janaia.donaldson Twitter: https://twitter.com/PeakMomentTV (handle: @peakmomenttv)
Comments
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I really, really, really wish they would get Peter Joseph from The Zeitgeist Movement on here... or even Jacque Fresco from The Venus Project. Then again, it would seem that their ideas are probably a bit more "extreme" than anything this show has ever delved into with anyone else... regardless if it's supported by science or not.
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Compound interest only makes the poor poorer because they pay for it, instead of it paying them. This is because of their misunderstanding of money and use of credit..
However, with a little education they can flip the trend and become wealthy, even on an average wage, by living within/below their means and saving/investing.
I have done that myself. In 2 years i have gone from 16k of debt to 5k of savings, just by working 10 more hours a week for that entire time and cutting my own expenses.
When i get 10k together ( pretty soon ) i am getting investments going ( including self financing a business i plan to start ). I only pay cash for things from now on, including my future home. -
Yes, i was shocked to find out how the money system actually worked a couple of years ago. The perfect design to suck all of us dry, just trying to mule along to make life work. Never took a loan since. None before either by the way. Still paying the banks regardless of what i do, with all these bailouts hidden in dirty constructions here in Europe. I don't care about what brilliant minds like Varoufakis say about keeping Europe together. The first chance i get, i'm voting Europe to death. It was never set up to be democratic and transparent and it never will be.
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