Analysts... blame Japan’s fix on excessive debt …Nobody bothers to ask why there is so much debt in the first place. The question is a finance analyst taboo … something not discussed, like underwear with dollar-signs printed on it. The reason for the silence is that industrialization is unable to retire its debts. If machines could pay for themselves and ‘earn’ a profit they would be doing so already and there would be no debts at all. That machines cannot pay their own way is self-evident...The debts taken on to make the ‘machine idea’ work are impossible to retire because they are too large... Not only does industry require debt but the waste-based industrial economy will always and under every circumstance increase its debts until it is physically incapable of doing so... In other words, Detroit. Japan=Detroit By Steve from Virginia on the Diner blog.
Posted on: Thu, 28 Nov 2013 00:01:19 +0000
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