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Tuesday, October 30, 2007

Money vs The People

(Picture source)
Money can improve happiness, below a certain income level; but above that point, the relationship is not so clear. And maybe there are distinctions between money, investments and wealth...

In Financial Sense yesterday, Robert McHugh comments:

When the Master Planners devalued the dollar over the past five years, they raised the cost of living for everyone. The Middle Class is getting annihilated from this silent event. Incomes are not keeping up. This was done because this administration “equates stock market success with economic success and has directed their efforts to drive up equities at literally any cost,” to quote one of our subscribers.

...but Tony Allison looks forward to a more energy-efficient future:

Change is seldom welcomed by most humans, but it can often bring about positive results. It is impossible to know what year the effects of peak oil production will barge into our living rooms, but change is on the way. The adjustment period to a permanent supply crunch will likely be very difficult, but some effects may be beneficial. For example, we could see a re-birth in local farming and manufacturing, as food and industrial products become exceedingly expensive to transport. We would see more public transit, more freight train transportation, more bicycles, more energy efficiencies of all kinds working their way into society.


AntiCitizenOne said...

That doesn't sound very beneficial to me.

Sackerson said...

I don't think the current money system is particularly effective in making best use of non-renewable, as opposed to scarce, resources.

Also, you don't have to be at the smelly end of the eco debate to value the natural environment; nor a revolutionary, to be concerned at social fragmentation, inequality and decay; nor a Little Englander, to wish to support our own farmers, fishers and industrialists.

Anonymous said...

"fishers": bless you but there are few left. Edward Heath betrayed them.

AntiCitizenOne said...

Look up geonomics.

I think it's a much better system.