If this is the “next leg down” for the economy and the stock market there must not be any bail out of the Banks, but a modern debt jubilee that resets the economy and a universal dividend that makes up for both the loss of pensions that a massive stock market fall would destroy and also for the long term erosion of individual purchasing power due to the cost inflationary nature of modern technologically advanced commerce itself; and then a discount mechanism which progressively lowers prices toward the goal of making money a ticket for the distribution of our tremendous ability to produce.
No more palliatives. No more rigged against the individual basically unstable systems. No more libertarian worshiping of markets and no more reactionary socialist “solutions”. Let us have a true Distributist alternative system that monetarily integrates ONLY the truths, workabilities and applicabilities of a dynamic capitalism and the democratic intentions of socialism. Complete and whole reality is always an integrated Duality that reveals/results in a Trinity-Unity.
Finance has always been a problematic business model as David Graeber has shown. Saturating the entire economy with overt gracious giving and giving back and forth between parties within it can both make the economy truly efficient and reflective of its abundance at the same time.
Poster: “Ideas usually don’t matter all that much in the history of the world — except at those points of protracted crisis where old systems have stopped working and new systems begin to take their place. At those key moments in history, ideas — and the moral vision that animates them — become capable of sparking far-ranging transformative change.”
Me: I agree back, but I would put it this way:
Ideas always matter, most especially a current paradigm, it’s just that difficult times and crises tend to push people into present time sufficiently to consciously become aware of the necessity of changing old, unworkable and inadequate ideas/paradigms for new, more relevant and adequate ones that would free both the individual and the system.