Tag Archives: sustainable Development

The Trouble With Money

Posted on September 15, 2010 by Nick Nakorn

So sure were the speculators that such a fiction would come true that banks often loaned investors the money to invest without demanding any real collateral; and much like the sub-prime crisis of the last two years, the money supply vastly outstripped the value of the resources the money was supposed to represent.

All money is now created by lending. Banks lend money they don’t have and when that money is deposited in another bank, or the same bank – it doesn’t matter which – they are allowed to re-lend 90% of it again and again.

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Why the LibCon’s “Big Society” won’t work.

Posted on September 9, 2010 by Nick Nakorn

The libertarian ideals that are behind the drive in the UK, the USA and elsewhere for smaller government, lower taxes and a more responsible, ethical and caring civil society are admirable but fatally flawed. Like many people, I have always been hugely attracted to libertarian concepts of personal responsibility and personal freedom but I have also been very aware that attractive ideas are often wrong. As global problems such as poverty, climate change, peak oil and failing economies impinge ever more strongly upon those least able to stand up for themselves, this is the very worst time for political movements to press for welfare systems to be shrunk, cut or dismantled.

The global economy, upon which all
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