The state and future of the world economies

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The state and future of the world economies

Post by Admin » 2 weeks ago

Funny we managed to get so far without a thread specifically dedicated to economics.

It's this video of Jonathan Pageau that led me to create this thread:



As usual in Jonathan Pageau's analysis, what's really interesting and sets him apart is that he's taking a phenomenological/symbolic approach. It seems endless debates on various levels (materialist, philosophical, idealist, etc.) could be set aside for a moment (not that they're not useful) and the whole situation could be boiled down to this:

One day, our societies won't be able to pay off the debts of everything they have bought from the future: loans, social security, pension plans, etc. At that point, either the other party clears the the entities who's in debt, or it's going to look for resources to pay it its debt outside itself, which unfortunately means war.

Funny personal anecdote, but I think I was just a teenager when the first insight that popped up in my head when the concepts of credit and interest were introduced to me was: "Mais, ça se mort la queue, non?" meaning, "But, it's eating its own tail, right?", which led to a lot of raised eyebrows among my friends studying economics. It's also the conclusion Jonathan reaches at the end of this video.

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Re: The state and future of the world economies

Post by blackg » 1 week ago

I don't think the situation is that desperate, myself. Humans have always overreached and then adjusted once the situation becomes untenable.
We are resilient like that.
Ringo, said the gringo

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Re: The state and future of the world economies

Post by JLBB » 1 week ago

blackg wrote:
1 week ago
I don't think the situation is that desperate, myself. Humans have always overreached and then adjusted once the situation becomes untenable.
We are resilient like that.
Why did Blackg become the most logical and reasonable person on the forum

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blackg
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Re: The state and future of the world economies

Post by blackg » 1 week ago

:straight-smile:
JLBB wrote:
1 week ago
Why did Blackg become the most logical and reasonable person on the forum
Thanks mate, I appreciate the compliment.
Ringo, said the gringo

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That Guy
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Re: The state and future of the world economies

Post by That Guy » 1 week ago

Hey @Admin what are your thoughts on the death of Jeffrey Epstein?

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