Automation should allow us to extend and redefine productivity. Vending machines replace people in banks and for certain products. Banking is now more productive than ever but do we measure industry by how efficient it is or how many people it employs? Redefinition of goals - instead of 'job for life' for some it has …
We are different to any other species in that we have evolved what we call economics, science of extending survival. Or is it a massive inter-generational war that the current political generation are guilty of, increasingly responsible for causing environmental collapse. Why do we measure progress by growth? When we solve that one, and measure …
Progress dictates that we determine our future based not on history but on future needs. We did not need an industrial sector before we had one. The service sector is the largest employer and supplier of needs. Without technology and medicine, today's world would be pretty awful. Those primary elements of productivity are not the …
An argument against the assertion: "In political-economic reality, we're still reliant on fossil fuels" If all economic activity were purely there to convert energy, maybe that would make sense. But economic activity is actually to manage resources necessary for life. We do not have to progress into some kind of mythic space age to be …
The blood supply can suffer from pressure or the lack of it. A well beating heart is the key to health and the functions of all parts of the body. The ancients bleed the system when pressure got too much risking ruptures or arrhythmia A single point of failure is risky. By putting pumps all over …
Greece and Portugal can sell their gold reserves, the price is very high and that fuels speculation. By putting their gold onto the market gradually, they can keep up with loan repayments. Government spending is necessary during a recession or businesses could change their behaviour. Like paying taxes. Like buying gold reserves and opening offices …
Organisations that feed off poverty by lending with ridiculous rates are coming under a bit of a spotlight of protest in the UK. As they should. Anyone who loans money to another person is entering a business transaction. If the APR is over 15% per annum, and the borrower has to pay more than 15% …