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I was thinking more along the lines of trade collapse, plague, and religious zealotry, but in my more optimistic moments, I simply think we will be compelled to adopt many pre-industrial elements in order to build a sustainable economy and society.
by rifek on Fri Oct 24th, 2008 at 01:04:06 PM EST
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I don't see it - not for a few decades, anyway, and for other reasons. There is too much unified interest from those in power to keep this going to let it collapse. All that needs to be done to keep capitalism going for another five decades is to reenact the regulatory structures that were removed over the past few decades along with a few new ones (ban derivatives, etc).

you are the media you consume.

by MillMan (millguy at gmail) on Fri Oct 24th, 2008 at 01:29:02 PM EST
[ Parent ]
I don't doubt the unified interest of those in power.

But they can't hold back the tide any more than Canute could.

The system is absolutely, magnificently, mathematically fucked.

It doesn't matter who you are, you can't beat the mathematics of compound interest on a money supply created as debt.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Fri Oct 24th, 2008 at 02:26:42 PM EST
[ Parent ]
ChrisCook:

But they can't hold back the tide any more than Canute could.

The system is absolutely, magnificently, mathematically fucked.

oh man, that's tellin' it like it is...carved in stone.

 

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Fri Oct 24th, 2008 at 04:23:39 PM EST
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It doesn't matter who you are, you can't beat the mathematics of compound interest on a money supply created as debt.

You and I will soon go through that mathematical inevitability in some detail...

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Sun Oct 26th, 2008 at 05:05:51 PM EST
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You mean it's time to re-read Fernand Braudel's "Civilization and Capitalism" to see how they were doing it in the 14th and 15th century?
by Bernard on Sat Oct 25th, 2008 at 04:23:46 AM EST
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