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But why can't society give up its love of cancerous growth.
An uncontrolled disintegration is never a pleasant thing, especially when it happens globally. Though it is easily avoidable, it is unlikely that it will be avoided. This paradox result from the underlying illusion of the bubble economy that defines the cancerous growth as benign. This prevents people from giving it up.
The bubble economy resets on the illusion that it is possible to earn 40%, 100%, or even 1000% profits on investments, while the productive economy generates only 4% profit, and this without the debt service costs factored in. In order to prevent the global disintegration of the financial system, this fundamental illusion must be addressed. The global disintegration can be avoided by an orderly return to the infinite system of economy, the American System, that was pioneered by Alexander Hamilton in the late 1700s in the U.S.A.. But who can do such a thing? The society loves to dream of easy money. "I turned $5,000 into $250,000," that is what society likes to hear, and the people are hearing it, and some (two or three) are actually doing it.
The stock-market where much of the speculation started, is not actually a rotten idea. It is a wonderful capitalist idea for generating development funds, but it is sadly abused. The stock market was invented to capitalize the physical economy on a platform of financing developing companies, and it still works great on this basis. If the focus in investing is centered on actual value and proven potential in prospective companies, rather than on the hyped up buying frenzy for illusive gains, investment can be a beneficial and relatively risk-free process for both the economy and the investor.
In order to cure the bubble economy - that is, in order to give up the bubble mentality - the society requires a refocusing onto the principles of healthy growth. It requires a phase shift in thinking from the glorification of the 'negative growth' system, to an understanding of the principles of positive growth, and this necessitates an inner reversal.
The 'positive-growth' system.
The positive growth system is based on zero usury, but not on zero profits. It is based on real profits instead of fictitious profits. The profits are earnings from enhanced productivity which benefits not only the investor, but much more so the society as a whole. The day's have not ended in which this time-honored platform pays its rewards. The problem is that this time-honored platform glitters less. In investing, most people don't seek out concrete value and productivity for society, which are a guarantee for success in investing. They seek out the spectacular, which, when it sparkles is most likely fictitious throughout.
And what about the national debt, what would repay the debt if a transition were achieved to the infinite system? The debt would be easily repaid in a zero usury environment?
What happens to it in a positive growth system? History tells us that it becomes actually repayable, whereas it would devalue itself to zero in a crash of the feudal system.
This is what had happened to the national debt that had been created under free-trade doctrine in the early years following the founding of the U.S.A., when the free-trade principle had bankrupted the nation. Once the infinite system was set up to replace the free-trade system, vast profits were generated so that the national debt suddenly became repayable without any pain to the population. And it was repaid. Under the present feudal system the national debt is absolutely unrepayable. Not even the debt service costs are payable, as they supersede the total free profit of the productive economy which can barely keep itself afloat. The debt bubble functions only because the debt service costs are rolled over into new debt, or are being monetized by printing more currency.
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