150 comments on Economic Impact of Peak Oil Part 2: Our Current Situation
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“This order [i.e. capitalism] is now bound to the technical and economic conditions of machine production which today determine the lives of all the individuals who are born into this mechanism, not only those directly concerned with the economic acquisition, with irresistible force. Perhaps it will so determine them until the last ton of fossilized coal is burnt.”
—Max Weber, 1905
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A good video http://video.google.com/videoplay?docid=-9050474362583451279&hl=en-CA
Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it ... all is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.
It's a great video but the arguments at the end about why the system is unsustainable aren't correct. Look below for the reasoning as to why.
Rajiv,
The punch line near the end is that hardly anyone gives a second thought as to what money is or how it is created.
I think if we took a survey, as some of us do, of how many people ever give a second thought to what oil is, how it is created (formed and extracted) and why it might be an essential element of our very existence, the results would be very similar.
The "rational" human mind doesn't give it a second thought. Second thoughts hurt. Best to leave such painful thinking to the invisible smart people who are taking care of things --the care takers and crude givers. :-)