Monday, August 18, 2014

When History Repeats It's self- it just cost More

"Economics is not a science because nature for them is externality" (is the cost or benefit that affects a party who did not choose to incur that cost or benefit) alluring technologies which serve immediate need but rob us of our long term future.

"To find ways for society to live in balance with the natural world that does sustain us."

Both quotes by David Suzuki, professor in the genetics department at the University of British Columbia from 1963 until his retirement in 2001 and now on many missions with The David Suzuki Foundation. 

David Suzuki


Political fight of the 21st century

Now factoring in some of Professor Suzuki's theories we find the man is right, one example will be the Alberta oil sands, the externality cost is unknown and the landscape looks like Mars.  The gains from our society seem to only apply to the here and now, what we need or more appropriate, what will buy.  As easy access to oil extraction fades, we'll end up with more wars and higher cost of our long ago oil exploration.

History repeats itself again and again with war campaigns, just look at the history of the Arab and Jewish people, it's been going on for centuries and all it has accomplished is costing more lives, money and possibly a deeper hatred.

Oh but there's the guy who has profited from war like DuPont, who sold gunpowder to both sides during the Crimean War which angered the French.  You can say that's business but once again a very small present get rewarded.

The man-made board of Monopoly is costing more to move on and as history repeats itself for a diverse control of properties a new factor of externality is emerging on a global scale, "we're tired of doing business with the dollar."  Dr. Michael Hudson about the war machine, Judge Griesa's ruling, super imperialism and the end of a 60-year cycle in which there was no alternative to the dollar.     


History to repeat it's self?

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971).

A clip from the documentary Surviving Progress connects the financial collapse, growing inequity and the Wall Street oligarchy with future technology, sustainability, and the fate of civilization itself.  Inspired by Ronald Wright's bestseller A Short History of Progress, Surviving Progress digs deep into human nature and patterns of history to challenge and redefine the very idea of progress.

Michael Hudson

Surviving Progress


No comments:

Post a Comment