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Blog item: Lust for Leverage - The Economy, Debt, and the American Way

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2 comments, last: Oct-7-2008   Add a comment   Author:  PT (Oct-5-2008)    Play a Video
Category: Economic/Financial

The economy is under intense pressure

Financial Podcast   This American Life

I want to provide a good window into the current financial crisis and the bailout (now dubbed a "rescue" plan) that was passed on Friday, October 3rd.

Above is an audio from This American Life of the most recent broadcast, with Ira Glass interviewing a broad array of experts and providing "everyman" questions and analysis. This audio was made October 3rd, after the US House approval of the bailout.

These folks to whom I refer above, in This American Life, have been having a series of down-to-earth, honest, and thought-provoking discussions of what the economic problems are, and what the proposed solutions mean.

This financial crisis does not seem directly to affect our environment - however, as I and others (many others) have pointed out, the feverish, debt-based economy we live in is related to the fever that is causing us to consume the planetary resources.

If you would like a single word that ties together the economy and the global natural resource crisis, it is the focus on "growth".  When that understanding enters one's mind, then the financial markets are no longer an abstract or financial issue, but suddenly become connected to the way we live as a society and our relationship to the planet.

I highly recommend the Financial Podcast, above, a fascinating one-hour series of short interviews and discussion.  Enjoy!

See original blog item: Planet Money  
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Comment by:  PT (David Alexander) (Oct-7-2008)   Web site
Yes, Justin, I see that you do dig under the surface in your blog also. You bring up good issues there - such as whether the working and middle class will be able to afford living in the environmental communities of the future, and what kind of jobs the new "green jobs" will be.
Comment by: JustinAllison (Justin Allison) (Oct-6-2008)   Web site

I agree, and have said the same things on my blog...

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About author/contributor Member: PT (David Alexander) PT (David Alexander)
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Member: PT (David Alexander) My lifelong pursuit, since age 18, has been to live more fully and find wisdom. This has involved studies with Zen masters, Tai Chi masters, and great psychotherapists while achieving my license as a gestalt therapist and psychoanalyst.

Along the way, I became aware of how the planet is under great stress due to the driven nature of human activity on this planet.

I believe that the advancement of human well-being will reduce societies addictive behaviors, and will thus also help preserve the environment and perhaps slow down the effects of global warming and other major threats to the health of human societies.

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