Friday, November 10, 2017

Growth Society/Totally Managed Society

Industrial society is about 200 years old, and technological society is only about 70 years old. After all that time, nobody has devised good substitutes for fuels like coal, oil, and natural gas that can scale up rapidly to replace the fossil fuel infrastructure. If fossil fuels are really limited, then the debt/growth and central banking oligarchy model stops working. The central bank model enables oligarchs to extract wealth from nations through money creation and usury. In a shrinking economy, that stops working. The new debt is less than worthless.

Instead, you go back to either direct robbery, confiscation and slavery scheme like in the middle ages, or a per-transaction fee. Additionally, it's necessary to totally manage the society in an attempt to prioritize projects and to determine who gets a piece of the pie.

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