I have struggled with Beethoven’s `Fidelio` (opera) this evening.
For some reason it reminded me of this….So, I have just given my earphones a work-out and it still works~!
(I tried a few versions and I like this one best)
Apparently it does not always work…….but, generally, if you bring children up in a certain way, there will be a good chance that they will keep their room tidy (or at least, will tidy it when asked).
This is a bit like where we are with the economy. It has not been brought up right; and now it is a devil of a job to get it to do what is required of it.
After making this video and starting to upload it, I read one article in the FT and listened to a radio-show whilst eating lunch.
The FT article was Grim lessons from the 30 years war by Wolfgang Munchau and the story on the radio was `A tale of two cities`.
After lunch I was going to make a video about `opinions` and how they cause most human movement (but I had a little nap instead).
The point would have been that most of the main events of history are based on opinions.
People just don’t get worked up about facts.
I think most people live their lives on opinion.
It seems that it is the human thing to do.
Fantastic video series explaining why the next 20 years will look very different from the last 20, with a large focus on the exponential function and how it’s a built-in assumption of our modern economic system.
What we had here (I thought) was something like – “The exponential `something` of the money system will lead to collapse…”………..and here we are stuck on the word `exponential`, before we get to the meaty bit.
I am prepared to come down from what I would think a definition of `exponential` should be…that would be something like, `doubling every year`.
I will settle for – a substantial increase in the increase each year…………………….something like – 1, 1.2, 1.5, 2.0, 2.7, 3.7 etc. (the increase is increasing, and that sounds out of control, dangerous stuff).
But no, sod-off, I will not go for an increase of 8% a year being exponential.
It may well be, `technically`, but I think it is a waste of a word~!
1, 1.1, 1.2, 1.3, 1.4, 1.5 etc. (an 8% increase) is NOT a good use of the word exponential~!
(The description – `increasing by approximately 8%` does the job nicely)
So, how is an increase of 8% something in the money system going to lead to a collapso~?
Answer – It isn’t.
Is it important~?
Yes, of course it is~!
Should we discuss it~?
Yes, of course we should~!
If we were going to design a money system for a `steady state world`, would we use a system that has a built in 8% annual rise in its somethings~?
No, we probably wouldn’t~!
Now, should we get to the meaty bit, where an annual 8% increase is going to lead to a collapso~!?