Reply #3: Resource-based economy is a better solution [View All]

[simonmagnus]

Your analogy is spot on but raising the debt ceiling will merely just delay the inevitable. Eventually, we will reach the cliff since this is how the current economic system operates. Our economy operates and relies on debt and consumption. This creates a lot of waste, poverty, and environmental pollution since there is no regard for proper management of natural resources. The profit motive is king after all and everything in this world exists to be exploited and sold.

We are currently living in a sick society, made sicker by our current economic system. For anyone aware of these facts I encourage you to research the 'resource-based economy tzm'. It is a much saner and responsible model with proper resource management in mind.