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THE MYTH OF ECONOMY: WHAT CAN NATURE TEACH US THAT HARVARD DOES NOT


THE MYTH OF ECONOMY: WHAT CAN NATURE TEACH US THAT HARVARD DOES NOT

Economy seems like a con game. Conmen abound the world over who know how to manipulate the system to their favor. We have allowed this to happen and whose fault is it? We are novices when it comes to global economy. It is not even 200 years since we have been doing global economy though Homo sapiens have existed for over 200,000 years! I do not think we can call ourselves masters of economy because we have hardly done it right nor have we done it long enough. There are too many flaws in it. In this book I am going to explore the nature of our economy and look for things we are doing wrong and what we can do about it. I am going to seek help from natural systems that have over 3-4 billion years of proven track record how to run an economy. If I told that a biological system has perfected energy economic principles for 3000 million years and I want to compare it with an economic system developed by man in the last 200-400 years which one do you think will be better? This book is about the enormous similarities between the way our economy runs in the society and the way life systems conduct their energy economy. The parallels are too striking to miss. My objective is to see if there is anything that we can learn from the nature to help the modern economists to fix the problems before it is too late. The collapse of our social economy is imminent. Life-saving resuscitation measures are needed immediately. Readers may already start wondering how I can compare these two different things. Fundamentally body economics is so similar, if not identical, to our global economy in terms of the needs. How both systems have achieved the right solutions is what we will discuss. It is quite likely that the modern economy of the 21st century is still evolving just as we have seen major changes in the global economy in the last millennium. We are more likely to be continuing in this evolutionary trajectory for possibly millennia to come. One thing is certain. What we have achieved so far is far from ideal. We are in our infancy when it comes to economy. It is no secret that 1% of the world’s richest will eventually own 80% of the overall global wealth. The economic model that we have devised for ourselves is plain wrong and unfair. It is a bad design. It helps some lucky ones while ignoring the interests of the majority. It is evil in that respect. The real wealth is supposed to be around 200 trillion dollars in the form of bank notes, coins, bank deposits, gold and real estate worldwide. On that basis we do not have enough real money to pay back all the debt – public and private debt. Public and private debt owed to the lenders exceeds the global GDP by about 4 times. How are we going to repay them all with just 200 trillion dollars? The entire global wealth is much less than the book value of the financial instruments like bank notes, coins, deposits in banks, gold, real estate, stocks and derivatives. The hyped value of all global assets is about 5-8 times more than all the available money on the planet. Do you see the ludicrous nature of our greedy economy? The paper currency printed by the authorized banking cartel or government treasuries is like a claim check. When presented to the bank it is supposed to give back the value of the currency in gold (or any other intrinsically valuable goods like silver etc.). But, banks have conveniently and with the full support of the governments have ditched the gold standard. Now they are all able to print money from thin air making your currency no more worth than the Monopoly game money. Nature works with a single energy currency system whereas we have got literally hundreds of different currencies and the consequent exchange rate system. Nature does not speculate on the value of an asset. The value of an asset is fixed and remains the same for eons. Unlike our modern day economics there are no intermediary profiteers who make easy bucks on something that has not changed in value in any real sense.

  • ISBN: 9780463023112
  • Author: Rajkumar Chetty
  • Published: 2018-06-27 11:35:06
  • Words: 52615
THE MYTH OF ECONOMY: WHAT CAN NATURE TEACH US THAT HARVARD DOES NOT THE MYTH OF ECONOMY: WHAT CAN NATURE TEACH US THAT HARVARD DOES NOT