The Ecology of Money Debt, Growth, and Sustainability【電子書籍】[ Adrian Kuzminski ]

＜p＞Modern economies must "grow" because money borrowed for investment can be repaid only by expanding production and consumption to meet the burden of usurious rates of interest.＜/p＞ ＜p＞The roots of this dynamic between debt and growth lay in the financial revolution of the late seventeenth and early eighteenth centuries in Britain which established a new usurious monetary system.＜/p＞ ＜p＞For the first time in history credit was made widely available, but only on condition of an exponentially increasing debt burden. To pay back debts production had to increase correspondingly, leading to the industrial revolution, economic "growth", and modernity itself.＜/p＞ ＜p＞Though private creditors gained a monopoly over the creation of credit, and were disproportionately enriched, the resulting economic growth for a time was great enough to benefit most debtors as well as creditors, ensuring widespread prosperity.＜/p＞ ＜p＞That is no longer the case. With today's eco-crisis we have reached the limits．．．楽天市場のショップで商品詳細の続きを見る