Escaping Consumer Society!

Dr. Michael LaitmanOpinion (Kenneth Rogoff, Professor of Economics at Harvard University and recipient of the 2011 Deutsche Bank Prize in Financial Economic): “Many, if not all, of the world’s most pressing macroeconomic problems relate to the massive overhang of all forms of debt. …

“Aside from wringing their hands, what should governments be doing? One extreme is the simplistic Keynesian remedy that assumes that government deficits don’t matter when the economy is in deep recession; indeed, the bigger the better. At the opposite extreme are the debt-ceiling absolutists who want governments to start balancing their budgets tomorrow (if not yesterday). …

“Of course, there is an appealing logic to saying that governments should have to balance their budgets just like the rest of us; unfortunately, it is not so simple. Governments typically have myriad ongoing expenditure commitments related to basic services such as national defense, infrastructure projects, education, and health care, not to mention to retirees. No government can just walk away from these responsibilities overnight. …

“Above all, voters and politicians must beware of seductively simple approaches to today’s debt problems.”

My Comment: There is a solution, but not in the plane of economy and finance, but in the change of the paradigm, the view of the world, society, and the goal of life. And the crisis will hit us until we become smarter and accept the future society of reasonable consumption, a society of “The Last Generation,” as necessary.

Related Material:
Debt Forgiveness Is The Last And Only Remedy
“Economic Models And The Apologetics Of Greed”
A Time Of Change

One Comment

  1. 🙂 oh it makes me so so happy to hear of teamwork, community and upliftment. That is where my heart and soul lay, it is so good to hear such great ideas and thoughts.Keep up the amazing work

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