Archive for July, 2018

An exploration of our pervasive culture of consumption.

I noted the following well made points illustrated in this piece;

• The materialist dream is not practically possible for all humanity, therefore this will always necessitate leaving large parts of the world behind, keeping them poor and chasing an impossible reality. This level of inequality is inbuilt, and intentional. It is the modus operandi of consumerism

• Violence and warfare are integral aspects of this cult. In order to secure power, competitive advantage and gain access to markets for supply and demand components, an active military is fundamental

• When attempting to find linkage between different facts and truths in order to uncover the greater truths, one part of this documentary was particularly appealing. View from 34:16;

“Wasteful inefficiency, broken social system, toxic pollution, drug addiction, perpetual violence, misery….”

MoneyWeek always does a good job in joining together different strands of the reality surrounding debt and putting it all into perspective.

This piece is another example of such work, I found the following points worth noting;

• The effect cheap debt has on corporate behaviour, which in turn translates into market moves/signals

• Statistics in the shape of national debt being measured against GDP which is not entirely genuine due to the whole economy not being ‘owned’ by government . However this leads me to ponder that although government debt is initated by the State, it is all tax paying citizens that will ultimately bear its burden, hence comparing it to GDP does equate to it being the nations debt, but of course not all GDP belongs to all citizens

• How much debt is responsible for living standards. This is particularly worth contemplating, many look at material wealth and standards of living as a barometer for social advancement however if this is heavily influenced by credit and in some cases unaffordable credit, is it simply an illusion? Another house of cards, which others are vying endlessly to win a share of?