Tim Jackson: An economic reality check

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1. aahh, good ole unce ted, making people feel better about themselves without having to do anything :)
   so we can keep talking about being "nicer" in our economy and promising to do better...or we can get into permaculture, producing our own food, power and drinking water.
2. As the population increases and finite resources decrease, each human being's value decreases. The labor produced today will receive a smaller amount of resources tomorrow from the same amount of labor. Competition for survival will increase. The 'family' will no longer be looked at with the same sentimental nonsense attitude it's given today. Children are future competitors for resources. I have NO responsibility whatsoever for the survival of anyone else and I'm sick of ignorant 'bleeding hearts' telling me to 'share' with mentally ignorant slobs and irresponsible slackers. The greatest threat to humanity is obvious - overpopulation.
   The dependent urban social model is the next greatest threat. It is an artificial environment that breeds unnatural behavior and has become parasitical upon the rural social model. The urban social model and its adherents are incapable of self-sufficiency and are drowning in their confused artificial lifestyle. The complexity of what they've created baffles their ignorant unnatural mentality and will collapse into simpler, more natural systems.
3. we will simply colonize space and humans will merge with machines. All of this talk of limits with look silly. Eventually we'll colonize the known universe and simply move into other universes. too many people assume industrial society has to look like the 1960s, they can't imagine that we'll move into a system beyond suburbs and fast food.
4. When the "real" Peak Oil hits after the shale boom fades, people will be forced to conserve again on a more permanent basis.
5. People like Paul Ehrlich have been saying the same thing for decades (with a focus on human numbers) but the inclination is to "debunk" anyone who questions growthism. As long as money can be made, the average fool will chase it.
6. CONDOM
7. In the beginning there was nothing...Then dark matter made itself...Then it exploded into everything! ~ SCIENCE!
8. 'i want to kill everybody in the world' -skrillex
   'i want to kill everybody in the world - except Noah' -God
9. Wealth distribution from taxing on riches population giving it to the poor with under earning etc. Thats like my dream of retirement. But I hate to say that wages doesn't increase in correlation with inflation. 
10. Its wierd how if you think back to 2008 when banks got bailed out, nobody from the top of bank managing the system knows what will happened. But I think the greedy banks knows how banks really work, because no one say anything. Let alone the stupid both government and politicians.
    
    If they borrowed the loan in form of credit, thats means the real money never left the banks. But how the heck they were borrowing if they haven't got the money?
    Who actually monitor this system?
    
11. separate church from state, separate status from wealth
12. One of the best I have ever heard. Sincerely To keeping the giraffes out! 
    Cheers
13. the materialistic way of life is gonna be our end.
14. This message by Tim shows the need to make accommodations for all stakeholders and beneficiaries in an ever changing world. We should participate, not just look amused from our office windows. Thank you, Tim.
15. Brilliant talk and nice to see something like this on Ted and have so many people cheer :) Thanks Tim 
16. would be nice if you would at least quote Tyler Durden, asshole
17. Almost everyone is aware about how current monetary system is unstable, unfair, not economic at all and very dangerous for every country in the world and actually to planet earth it’s self. For those who are not aware of current monetary system and how money is created – there are plenty of materials to look at – you could start with this one – (youtube: How Money is Made / Created: Ben Dyson Explains the Debt Crisis).
    But is there any other monetary system out there that could be used instead that would create stable harmony between economic growth, social stability, state and good welfare for everyone, logical and economical processes and of course protect planet earth from pollution? Well, I offer you – Green economic – my opinion how to get all that good stuff for every country and every human being.
        I now will describe what should be done to achieve this.
     
    New global currency
    Every country (or at transition period – those countries that are members of Green economy union) should be using only one currency – let’s call them „GREENS”. This doesn’t mean that there will be one central bank for this union but that every central bank of each country will be able to create money – GREENS. It’s not that they will be able to create it as much as they like – no.
    The amount of GREENS created, reserved and used by each country central bank is calculated and allowed by taking in account of these factors:
    How much amount oil, gas and it’s materials (petrochemicals, etc.)  are created, reserved, imported, exported, used;
    How much amount of green energy and it’s bio materials are created, reserved, imported, exported, used.
    So the more country is going away from oil & gas (or using it less) and is producing green energy and bio materials/services – the more money they are allowed to create and have to use for their (and others) economy.
     
    What would be consequences
    1.) There would not be any economic bubbles anymore – because money is not created out of thin air – debt. Money would be backed by real material resources (green energy and bio materials) that every country and everyone needs. It would be also more fair for every union member because every country can work to create green energy and bio materials – so it would not matter so much (and in time absolutely) does country has oil & gas resources or it doesn’t. This means that of course there is no need to go on war just for the resources as it's now.
    2.) Pollution reduction would be significant and in years it would be eliminated almost completely. No country would be economically interested in pollution by using oil & gas and it’s raw materials – because then they would have less money in their economy. So pollution reduction and using green energy make your country richer.
    3.) Every country will invest to develop new technology (or use those who where kept as secret by oil industry) that would make more effective green energy and it’s products/services. This would be major technology advancement for all countries in this new monetary union (which should be world wide).
    4.) There would be new Banks – as they would not be able to create money out of debt – Banks would be only allowed to loan money using funds from depositors. So this means that they would have to think how to earn more money from projects that creates more money in economy. Because as more money is there in economy – the more money banks will have from depositors and so more will they have in revenue. This eventually means that these new Banks are interested in giving loans and financing project that either create green energy or creates products from green energy and/or creates bio products/services (as you remember than central bank will be allowed to create more money). So Banks would be in direct interest and action to speed up green projects which creates actual jobs for people and so creates more consumption for green products and energy and so country central bank is allowed to create more money... and so on and on by spiral up way till we can go to next point.
    5.) All created money - GREEN is created by country central bank and given to  country government to decide where to use it and invest it. So as now governments has money they don’t have to tax people. So in time as more and more there are GREENS in country economic – at some point governments will stop Tax at all, because there will be enough GREENS to supply all necessary government services. As almost everyone would be rich - everyone could pay for services. Only small amount would be necessary to support those that doesn't have necessary money to buy services.
     
    Is in this great - more  technology advancement, more jobs, no taxes and more money and more bio products/services and green energy and clean earth?
     
    Summary
    This new monetary system would be stable, logical, economical and make everyone much richer and increase people of the world welfare many times making this a golden age for humans. It would make us think how to spend less resources from the planet and to create re-usable materials using green energy. It would remove all the taxes and lower the prices just to accumulate more green products so that there would be more money to work for more technology advancement.
     
    Actually it's very simple - you back the money by what you want the world to be working to - either it's debt, oil and financial bubble or it's something else.
     
    It’s all possible and after such monetary system implementation no-one will want to go back to this nonsense we have now.
    So – let’s go for this!
18. Is it profound arrogance or supreme ignorance which leads man to believe the environment can be controlled?  The environment was changing long before man and it will be changing after man has become extinct.  In fact, the only constant that pertains to the environment is that it is constantly changing.
19. He talks great, he talks about economics and what our future will hold. Must watch, please get a better understanding of our environment! 
20. Common future! Had no beast on the way, what a beauty it'd be.