Ultimately, you do need to have some kind of accumulated wealth to - TopicsExpress

Ultimately, you do need to have some kind of accumulated wealth to accomplish these things, and that’s what capital is. For several hundred years, we’ve had a pretty good system of accumulating it, accounting for it, storing it, and allocating it for useful purposes. That’s what capitalism is about. Capitalism – contrary to a lot of bullshit – is not a belief system. It is not a religion. It is simply a set of laws governing the behavior of surplus wealth. What we have done in the last 25 years is introduce so many layers of untruth and accounting fraud that it’s no longer possible for money to truly represent the reality of accumulated wealth. These lies are so deeply impairing the banking system, and all of the mechanisms that go with it, that we’re going to end up in a crisis of capital, even before we end up in a crisis of energy. Read more: rollingstone/politics/news/james-howard-kunstler-on-why-technology-wont-save-us-20120712#ixzz3Eh5JeKxi Follow us: @rollingstone on Twitter | RollingStone on Facebook

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