I posted my thoughts on Bear Stearns right after it collapsed. But a deeper problem even than the money-drunk nature of our culture is the way we count.
Our economic system hasn’t yet learned how to count in a way that reflects reality. Natural systems like air, soil and water (also known as the primary world) are holding up our whole civilization. Our economy is predicated on them
Tags: Bear Stearns·carbon market·carbon tax·climate change·collapse·culture·development·economics·GDP·global warming·happiness·markets·money drunk·natural systems
When I was on Amtrak’s Empire Builder train heading east to Glacier last fall, I met a friendly mortgage broker in the lounge car as we clackety-clacked through the Gorge. We chatted (a longtime habit of mine).
“My industry made loans to people who were in no way ready to buy a house,” she said. “It’s not ethical. You should form a relationship with people who can’t yet
Tags: Amtrak·Bear Stearns·culture·development·drunk·economics·Empire Builder·ethics·greed·money drunk·mortgage broker·susb-prime
Subscribe via email:
