The Financial Crisis and Debt

Jim talks with Roar Bjonnes about the ideas in his new book co-authored with Caroline Hargreaves, Growing a New Economy: Beyond Crisis Capitalism and Environmental Destruction... Jim talks with Roar Bjonnes about the ideas in his new book co-authored with Caroline Hargreaves, Growing a New Economy: Beyond Crisis Capitalism and Environmental Destruction. They talk about a quote from Naomi Klein, interlocking crises, COP27, the collective cognition problem, replacing the real economy with a financial economy, the idea of inherent selfishness, 4 integrated circles, the carbon pulse, nature as a machine, the misnomer of de-growth, why the U.S. is a debtor economy, dividend money, how the Eurozone made the rich richer, Greece's high military spending, private corporate ownership as a driver of inequality, Doughnut economics, reforming co-op laws, where government ownership comes in, what would happen if finance collapsed, a global jubilee, an approach to eliminating public debt, increasing alternative energy responsibly, resacrilizing economics, rehypothecating collateral, how nation-states should manage their economies, a refutation of comparative advantage, caps on wealth & income, the coming storm, and much more. Episode Transcript Growing a New Economy: Beyond Crisis Capitalism and Environmental Destruction, by Roar Bjonnes & Caroline Hargreaves Systems Change Alliance JRS EP150 - Jeremy Lent on the Web of Meaning The Web of Meaning: Integrating Science and Traditional Wisdom to Find Our Place in the Universe, by Jeremy Lent JRS EP100 - Sam Bowles on Our Cooperative Nature JRS EP168 - Nate Hagens on Collective Futures "Dividend Money: An Alternative to Central Banker Managed Fractional Reserve Banking Money" - Jim Rutt @ Santa Fe Institute (YouTube) The Great Transformation: The Political and Economic Origins of Our Time, by Karl Polanyi  Roar Bjonnes is the co-founder of Systems Change Alliance, a long-time environmental activist, and a writer on ecology and alternative economics, which he terms eco-economics. He was the editor of the American Common Future magazine in the mid-90s, a magazine that featured some of the first articles taking a critical look at green capitalism and the sustainable development model. He is the co-author of the book Growing a New Economy, which critiques the multiple crises caused by growth-capitalism and outlines the macro-economic framework for a new eco-economy. World-renowned environmentalist Bill McKibben called the book “a hopeful account of the possibilities contained in our current crisis.”