axel_knutt wrote:he whole economy becomes like a huge conveyor belt digging resources out of one hole in the ground, and burying them in another, and the whole political system is predicated on the need for the conveyor belt to keep accelerating at 2% per annum........
Until there is a really big crash which is always necessary since 2% (or whatever) per annum since this can't go on forever. There was a nice article on the Guardian on-line website asking where all the economists are now things aren't going so well for the economy? I find that either economists lie, delude themselves or don't know what they're talking about because they always predict that there will be a slow down but no crash, or ask stupid questions like what can be done about house prices since no-one can afford to be a first time buyer? (Answer: Do nothing the house price will fall by supply and demand!) They seem incapable of grasping that boom and bust is inevitable in westernised economies.
It's funny that we as a race all care about having better than anyone else because it does nothing for our happiness, in fact quite the opposite. What's especially bad about the last spree of keeping up with the Jones/Smiths is that everyone did it on credit. You used to be able to judge wealth by car, clothes, phone etc but now you don't know how much (if any) of it they actually own.
As for me I spend a few quid on beer and a few quid on cycling stuff and that's it. I wish that I could save a bit more but I don't want much that I don't have (except for a better bike