A Day Totally Lost and Won on YouTube
It was just an innocent day reading surfing the BBC news page when criticism of Nick Robinson's light touch blogging directed me the way of the Renegade Economist, Fred Harrison.
For years I've been stating that house prices were getting ridiculously high. This later moved onto the premise that private property ownership was a human ill. Meeting Fred Harrison's view of taxing on land value takes my viewpoints to the next level: developing practical means of dealing with the private property problem.
There is no better time to re-evaluate the way things run in society than when the economy is hitting the seabed*. This runs hand in hand with the other highlight of the day, Dr. Albert A. Bartlett's Arithmetic, Population and Energy clips. It's an hour's worth but I can not tell you how much better off we would be if everyone had this basic level of understanding the nature of growth. I can't recommend higher that you take a look at these engaging videos.
The basic problem is that despite all the talk you hear about wanting to act in the interest of our children and our children's children we pretty much fail to look beyond the comfort of our own lifetime. And even then we struggle. Easy example; I want to be 13st or less. But what happens? Instant gratification (munching, in other words) or not bothering to find an enjoyable means of exercise (or worse still, persevering with an unenjoyable means of exercise) keeps me hovering** above it.
Until confronted with the horrific reality of a situation we like to pretend it isn't really going to happen. Technology will step up or luck the luck of probability leads to its failure to manifest.
We need radical action in order to get to a position where the impact of the sharp end of economic cycles are durable at worst or eradicated at best. The obstacle to change is, of course, that it goes against the immediate vested interest of some of those in power.
Let the fun commence...
*You'll have to forgive that nautical expression. The tail end of a day on YouTube will no doubt lead to silliness. In this case a rap song using the line "Sailing in a sea of melons, dropping my anchor like Magellan". Master of the House anyone?
**The irony is not lost on me here.