All posts tagged: richard heinberg

The value of the world

So here is a fun plot line for a movie. The world, this beautiful blue planet that has been in orbit around the sun for the past 4 billion years, has within the past 200 years racked up 40 trillion dollars in debt. Clearly, it now deserves to have its oceans poisoned, its mountains blown up, crust drilled into thousands of holes, trees cut down and transported away, and all animals that have lived quietly for millions of years deserve to be displaced because they are not contributing to the down payment of this debt. Only one thing. Who is the hero of this story? The TED community attempts to answer this question. 40 trillion dollars, oh that’s rich. Last I checked the total value of EVERYTHING ON THE PLANET was around $60 trillion but I’m sure it’s gone up a bit. Nobody should care about debt. I know theoretically why it matters, what it ~implies for nations and the finance world at large but come on, our monetary system is such a joke. Money …