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Will the work ever stop?
Charles Eisenstein begins this bold and well written book examining why innovation, labor saving devices, and all of the earth's bounty fail to deliver prosperity to most of the people. “After centuries of technological advances, why do we find ourselves working just as much as ever?” he asks, before observing: “For centuries, futurists have predicted an imminent age of leisure. Why has it never happened? The reason is that, at every opportunity, we have chosen to produce more rather than to work less. We have been helpless to choose otherwise.”
91
519 reads
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The solution
His solution is an economic system that integrates these seven features:
- Negative-Interest Currency
- Elimination of Economic Rents, and Compensation for Depletion of the Commons
- Internalization of Social and Environmental Costs
- Economic and Monetary Localization
90
400 reads
“Each tree cut down and made into paper, each idea captured and made into intellectual property, each child who uses video games instead of creating worlds of the imagination, each human relationship turned into a paid service, depletes a bit of the natural, cultural, ...
CHARLES EISENSTEIN
89
385 reads
“When you hear the phrase “rescue the financial system,” translate it in your mind into “keep the debts on the books.” They are trying to find a way for you (and debtor nations too) to keep paying and for the debt to keep growing.”
CHARLES EISENSTEIN
83
355 reads
Privatization of common assets
The commons, including land, forests, fresh air, clean water, ocean fisheries, minerals, biodiversity, the genome, and the electromagnetic spectrum, all existed prior to human activities. There is no legitimate right to any private ownership claim to these natural resources. Yet these co...
84
340 reads
Debt Economy
Money is created as interest bearing debt. When the interest rate is greater than zero, the debt always exceeds the available money. Servicing the resulting debt requires constant economic growth. Growing the economy requires transforming something that began as a gift from nature or the communit...
83
421 reads
“When everything is subject to money, then the scarcity of money makes everything scarce, including the basis of human life and happiness. Such is the life of the slave—one whose actions are compelled by threat to survival. Perhaps the deepest indication of our slavery...
CHARLES EISENSTEIN
98
527 reads
“A fundamental premise of this book is that human beings naturally desire to give. We are born into gratitude: the knowledge we have received and the desire to give in turn. Far from nudging reluctant people to give unto others against their lazy impulses, today’s econ...
CHARLES EISENSTEIN
84
325 reads
Can we have a different economy?
Sacred Economics traces the history of money from ancient gift economies to modern capitalism, revealing how the money system has contributed to alienation, competition, and scarcity, destroyed community, and necessitated endless growth. Today, these trends have reached their extreme - b...
86
785 reads
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