Public/GlobalBlog/2009_03_13_16_30_39 — sign in | history | print | search
Mother Nature doesn't do Bailouts
Fri 13 Mar 2009 4:30pm
Why the Global Economy Is a Ponzi Scheme and We Are All Bernie Madoffs
By Joseph Romm, Climate Progress. March 10, 2009, Alternet.org .read article here
In our case, investors (i.e. current generations) are paying themselves (i.e. you and me) by taking the nonrenewable resources and livable climate from future generations. To perpetuate the high returns the rich countries in particular have been achieving in recent decades, we have been taking an ever greater fraction of nonrenewable energy resources (especially hydrocarbons) and natural capital (fresh water, arable land, forests, fisheries), and, the most important nonrenewable natural capital of all — a livable climate...
...We aren’t all Madoffs in the sense of people who have knowingly created a fraudulent Ponzi scheme for humanity. But given all of the warnings from scientists and international governments over the past quarter-century ... it has gotten harder and harder for any of us to pretend that we are innocent victims, that we aren’t just hoping we can maintain our own personal wealth and well-being for a few more decades before the day of reckoning.
 |
Stearns Farm CSA Community Supported Agriculture Kathy Huckins, Farm Manager Preserving the historic Stearns farm as a sustainable garden while providing locally and naturally grown food in partnership between the land, the farmer, and the community. |
Revision 1. Last edited Fri 13 Mar 2009 4:30pm by TomYelton |
Copyright © 2010 Stearns Farm CSA. All rights reserved. |