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Winston Smith London Oceania's avatar

It's an interesting idea, but it doesn't address the reality that the world is dominated by psychopaths - the very reason for artificial scarcity and planned obsolescence. Personally, I'd prefer stability over growth, but I don't get to have a say in the matter.

Right now, we have a system of laissez faire capitalism, created by and for psychopathic Robber Barron Oligarchs who believe they have a right to grab everything there is to grab simply because they are in a position to grab it. Their "bibles" are written by Milton Friedman and Ayn Rand. They engage in anti-competitive practices in the name of "healthy competition". They will crush anything or anyone who gets in their way. Profiteering is the name of the game.

This is true of the Big Oil Robber Barrons, for whom global warming is profitable, as it is for the tech Robber Barrons for whom eliminating jobs and increasing mass poverty is profitable.

Because they're psychopaths, they don't even concern themselves with the well being of their own descendants, not even their immediate progeny. Future extinction is profitable!

I can't see a way to design or engineer our way out of that.

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Kathy Kerby's avatar

Is this similar to revenue-based financing? My husband has been trying to promote that.

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