Question about growth dynamics:
more consumption ---> people want more ---> people borrow more --->
banks lend more ---> more advertising ---> more consumption
banks lend more ---> new widgets ---> more consumption
banks lend more by creating money ---> banks lend even more
more consumption ---> more consumption ---> more consumption --->
How can we break this vicious circle? For your consideration:
The November 2011 issue of Mother Pelican is an essay on
*Mitigation & Adaptation Strategies for Climate Change*
http://www.pelicanweb.org/solisustv07n11page1.html
Sincerely,
Luis
Luis T. Gutiérrez, PhD, PE
The Pelican Web of Solidarity and Sustainability
Mother Pelican: A Journal of Sustainable Human Development
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