> (ED)
> > Isn't it obvious, that a profit based
> > system needs the profits to grow thus needs the markets to grow,
> > so it is doomed when those markets are the shrinking/sliding global middle
> > classes?
>
> I'm not an economist. What is obvious to me:
>
> Debt-based money creation requires more money in the future due to interest
> charged.
> See:http://www.transaction.net/money/index.html for good overview.
>
> Combine this *need* to extract & produce more stuff and to perform more
> services with a growing population, and it is easy to see that shrinkage or
> steady state economy(Herman Daly) is not tenable.
I don't understand; the growing (poor) population is not
a market as they cannot pay. Do you say if there was
no credit/interest system, the market would work?
Depending on a market without capitalism? Why?
Eva
> Ray's "must" is an
> imperative for the power elite money lenders/creators, and it becomes one
> for the borrowers...nearly everyone else! It is theoretically possible to
> have a steady state market economy. "Market" meaning the setting of prices
> (or barter values) by supply & demand.
>
> Steve
>
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