Earth’s Economy Glorifies Waste, Exploitation, Debt, Expediency and Magical Thinking

How would extraterrestrial anthropologists characterize Earth’s dominant socio-economic system? It’s not difficult to imagine their dismaying report:

“Earth’s economy glorifies waste. Its economists rejoice when a product is disposed as waste and replaced with a new product. This waste is perversely labeled ‘growth.’

Aimless wandering that consumes fossil fuels is likewise rejoiced as ‘growth.’

The stripping of the planet’s oceans for a few favored species of edible fish is also considered ‘growth’ as the process of destroying the ocean ecosystem generates sales of the desired seafood.

Even more perversely, the resulting shortages are also causes of rejoicing by the planet’s elites, as their ability to purchase the now-scarce resources boosts their social status and grandiose sense of self-worth.

This glorification of waste is the same dynamic that destroyed the civilization on Zork.

Earth’s economy also glorifies exploitation, as this maximizes profits, which appears to be the planetary equivalent of a secular religion that everyone believes as a Natural Law.

Thus slavery and monopoly are highly valued as the most reliable sources of profits. If ethical concerns limit the actual ownership of humans, Earth’s economy incentivizes feudal arrangements that share characteristics of servitude and bondage. In the current era, the favored mechanisms are over-indebtedness (debt-serfdom) and taxation by the state, which extracts approximately 40% of all labor via threat of imprisonment.

Earth’s elites exhibit a pathological preference for micro-managing the commoners via criminalizing much of everyday life and imposing extremely harsh punishments for any dissent or resistance to elite domination.

This is the same dynamic that doomed planetary civilizations in the Blug system.

Earth’s economy is currently dependent on depleting fossil fuels and borrowing from the future to fund consumption in the present, i.e. debt. Rather than face the reality that this is not sustainable and pursue other arrangements, Earth’s elites have chosen expediency, responding to the inevitable crises caused by depletion and dependence on debt with expedient but ultimately destructive policies that paper over the crises but at the cost of generating greater crises in the next iteration.

Humanity appears to default to magical thinking when faced with untenable situations that demand systemic change. This is eerily parallel to the now-lost civilization of Frum.

It seems Earth’s dominant species has selected the most destructive policies and mindsets to glorify and worship. Earth’s current civilization is doomed, with near-zero prospects for the necessary transition to a more sustainable, less exploitive arrangement.

Earth’s decline is a tragi-comedy, much like the one on Ononon that entertained our home planet audiences for a time.”

In case you missed it, here’s a snapshot of total debt as a percentage of median household income: from 79% to 584%. If this strikes you as “healthy growth” because “debt doesn’t matter”– welcome to the Wonderland of Magical Thinking.

 

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  • Zartan

    Yes, and it rewards the exploitation of mankind through gross capitalism: Making slaves of men is big business and it is an Eternal Business!

    This is for all of you Christians, Believers, or whatever You consider yourself, and if you do not believe, it is irrelevent because YOU are Irrelevant.

    However, You are all Servents of Satan: You can only Do “HIS” ( any of you feeding the poor or healing the sick?) will and that is to Steal, Kill and Destroy! You cannot do anything GOOD, because it is not in YOU, and that is why you cannot stand Socialism ( OR THE THOUGHT OF EQUALITY). God is a Socialist, which is precisely why Satan Wanted to be over HIm. You are all members of SATANS Rebellion. You are all workers of inequity, destroying the planet, and enslaving mankind so that all they can do is build pyramids and God gets Absolutly NOTHING!

    Your War-like Nature Confirms this Reality, America, and Patriotism is the KILLER … John 2:15. Warning … “Do not be A Patriot of America,” or YOU will be responsible for HER Sins.

    See, Revelation 17/18/19, if you still cannot find her!

    I will help, if you have trouble with metaphors!

    Satan was the FIRST CAPITALIST, and America is the HEAD of the BEAST.

    You can only REPENT if you know the TRUTH PEOPLE …. SO CHOOSE … JESUS OR AMERICA! You cannot have BOTH, John 2:15.

  • ICFubar

    Because debt carries interest and only the principal is borrowed debt must be paid back by increasing the amount of outstanding debt to cover both principal and interest. This means that economic growth must increase to garner money from the economic pie to repay the debt that was taken on to invest in growth. Because interest is compounding growth must also be compounding. This means more natural resources must come from the earth ever year to be turned into product and then trash to keep growth expanding in order to repay the debt invested to expand growth. Of course there is the problem of diminishing returns on how much growth is being created from a dollar borrowed. Basically a ponzi scheme that has the entire world population on a hamster wheel chasing money to meet their own debt obligations when there is hardly enough money in the system at one time to even just make the minimum payment. Confusing I know but broken down this is the way the human economy now operates under a debt based financialized capitalist system.