Risks of Collapse: Dr. Joseph Tainter, Nicole Foss, David Korowicz (1 of 2)

thanks so much for posting this. i can only wish it would go viral... i feel like no one is having this conversation.

Tell Max Keiser about that. That blaming the bankers is wasting resources.

One point that is missing is how the various systems accelerate the theft of resources from future people through resource use, climate destabilization, and debt. Banks and patents are tools that accelerate consumption of resources in the present at the expense of our future, under the premise of 'improving our standard of living'.The other point that is missing about money is that we DO choose how our governments and corporations act through our spending habits. One dollar, one vote.

The fundamental thing which is profoundly wrong and everyone knows it subconsciously: Humans are taking more away from their own future than they give back.

The Libs got us into this nightmare. Only sound conservative principals will get us out..........but with a lot of necessary pain. It is inevitable the we must wash out all the excesses and restore a more responsible mentality.

Does anyone else get the impression that Tainter wishes a stage light would fall on Foss' head?

@drkevincampbell Yes. At least he would have asked Foss and Korowicz: "You say we shouldn't waste our energies on going after the bankers. Well, we have the agencies in place that are tasked with this pursuit. Are you saying they should not perform their purported duties? That they should disregard their job descriptions and choose to refocus on an entirely unrelated set of tasks?" (I would hope he would--at least--ask that question; we know he would liven things up a great deal.)

@JejuLee Dr Tainter is so obviously an academic; totally seeing everything as a huge historical process. I dont think he's angry or upset, just mildly amused.

She is calling it witchhunting bankers - I would call it applying justice and law to everyone equal. Since when are we telling thiefs to keep what they stole - and say "we should always look forward"... how safe would this keep us from thiefs in the future. If the top 1% has 50% of the wealth - then I think they can also be a bit more accountable than the poor... additionally, they make the policy.

Yep, you could say the same about any crime and you'd just end up with more crime.

I actually agree with Foss here. the problem with witch hunts is that what will happen is that we will have an illusion of change but very little change. The overall system of investment banking will not be changed. What we need to do is build an alternative system. then..... the bankers will naturally find themselves with what is coming to them.

fear and greed are the only thing the elites understand...

Hyperinflated by QE1, QE2, and QE3? Same with housing bubble. We have a few large institutions/investors purchasing all the assets. Wealth transfer. Prices up, but you lose.

liberals always want to call it the blame game when radicals present systemic analysis. Average people have been struggling against capitalism from its inception. Now that people who are living comfortably are threatened by the endgame of capitalism they construct a whole argument that the system can not be changed. The result being the system will carry on a little longer, pretty blatant embrace of nihilism. Kind of ironic that they criticize the complaints of people in the developed world in contrast to the conditions of people in the over exploited part of the would. When the result of such a push for change would be to follow the request made by those in the struggles for social justice and national liberation to help them by making revolution in our own Western countries.

nicole's not buying the BS!

Anyone still watching this post Covid? Why hasn't the collapse happened yet?