Showing posts with label Ponzi scheme. Show all posts
Showing posts with label Ponzi scheme. Show all posts

Sunday, April 12, 2009

Surfing


This week I took a break and went surfing. Here’s a collection of population info-morsels from the Net.
- President Obama’s Science & Technology advisor, Nina Fedoroff, stated that human population exceeds earth’s limit of sustainability. What an incredible change of view from the previous administration.
- Ten thousand years ago, humans and our domesticated animals comprised 0.1% of earth’s total mammal biomass. Today we account for 98%. Incredible! We’ve gone from being totally insignificant to ruling the world.
- So what about the other mammals, the other 2%? Is there room for them on the planet too? Not in Plainfield, New Jersey, where the deer population is deemed too high and when sterilization didn’t work, officials organized hunters to shoot deer from trees. Oregon has a cougar management program that sets the minimum number below which hunting, i.e., culling is not allowed. Bizarre, isn’t it, that they can calculate and control appropriate population numbers for cougars, but not humans.
- On the contrarian side, one website stated that earth’s population will stabilize at 10 billion, which the planet can easily sustain. Water, it claimed, could easily and cost-efficiently be gotten by desalination and rain-water collection. Hmmm?
- An Alternet piece stated “The last 200 years of economic growth has been based on a monumental Ponzi scheme ... and we are coming to realize Thomas Malthus was right.”
My board ran ashore.

Sunday, September 28, 2008

The World's Largest Pyramid Scheme

In the early 1900s, Charles Ponzi invented a scheme whereby investors are lured by abnormally high returns ("profits"), which are acquired from money paid in by subsequent investors rather than from revenues generated by any sustainable or even real business. Many forms of this fraudulent Ponzi, or pyramid, scheme have been tried over the years. They have all failed. Ponzi was jailed several times and died in poverty.

Now humanity is playing the largest pyramid scheme in history. Economic growth is spiralling ever upward and all the new players that are born into the game want a piece of the good life. Our politicians, the modern-day Ponzis, worship economic growth and do everything possible to promote it. The wealth that supports the scheme is the environment and the oil, water, air, forests, fish and much more that it contains.

But where will it end? An ever expanding economy, an ever growing population and a finite resource to make it feasible is just an enormous pyramid scheme. And we all know that a pyramid scheme comes crashing to a halt when it reaches its limits.

Oil prices have rocketed to over $100 a barrel, grain prices have doubled in the past year and water shortages are looming. These are glaring signals that the limits of our rich cradle of resources are finally being reached. We need to rethink our priorities, curb our population growth and stop this ludicrous Ponzi scheme.

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