Using the concept of "ecological footprint", Bill Rees and Mathis
Wackernagel have estimated that the world's 1.1 billion most affluent people
are using 100% of the earth's sustainable output. The other 4.5 billion
people are using a further 30%.
Coincidentally, a recent survey of mutual fund buyers found that the
expected average annual rate of return was around 30% -- compounded. It is
_not_ a coincidence that unrestrained compound interest has been viewed by
world religions as an evil phenomenon. Nor, I suppose, is it a coincidence
that the proscription of unrestrained compound interest, which is the
foundation of Jewish, Christian and Islamic social teaching, is a well kept
secret.
Regards,
Tom Walker
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
#408 1035 Pacific St.
Vancouver, B.C.
V6E 4G7
[EMAIL PROTECTED]
(604) 669-3286
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
The TimeWork Web: http://www.vcn.bc.ca/timework/
