Comments on: FDL Book Salon: Creating A World Without Poverty http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/ Firedoglake weblog Sat, 28 Nov 2009 05:53:30 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: GlennHurowitz http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1214938 GlennHurowitz Sun, 20 Jan 2008 21:48:08 +0000 http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1214938 <p>What a great conversation.</p> What a great conversation.

]]> By: Elliott http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213369 Elliott Sun, 20 Jan 2008 01:33:50 +0000 http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213369 <p>Thank you Dr. Yunus, for everything…</p> Thank you Dr. Yunus, for everything…

]]> By: SanderO http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213367 SanderO Sun, 20 Jan 2008 01:32:13 +0000 http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213367 <p>“Growth is bottom up, not top down, so capitalism is at its most vibrant when wealth is most evenly distributed. The problem with treating the economy like a game of Monopoly is that when one person controls everything, the game is over and you start again. In real life this stage is called revolution.”</p> “Growth is bottom up, not top down, so capitalism is at its most vibrant when wealth is most evenly distributed. The problem with treating the economy like a game of Monopoly is that when one person controls everything, the game is over and you start again. In real life this stage is called revolution.”

]]> By: bigbrother http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213363 bigbrother Sun, 20 Jan 2008 01:28:29 +0000 http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213363 <p>Dr. Yanus you are of course a brilliant mind. Your observation that the banking systems needs reinventing needed to be stated.<br /> So many our western institutions are failing…insurance, healthcare retirement and banking structure are not meeting our needs…just a small segmant are served well.<br /> Might some legislation assisting your bank model be useful?</p> Dr. Yanus you are of course a brilliant mind. Your observation that the banking systems needs reinventing needed to be stated.
So many our western institutions are failing…insurance, healthcare retirement and banking structure are not meeting our needs…just a small segmant are served well.
Might some legislation assisting your bank model be useful?

]]> By: Siun http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213343 Siun Sun, 20 Jan 2008 01:19:01 +0000 http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213343 <p>Thanks also to the great new commenters who joined us today. Welcome to the Lake and please come back often and help us continue this conversation.</p> Thanks also to the great new commenters who joined us today. Welcome to the Lake and please come back often and help us continue this conversation.

]]> By: Siun http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213340 Siun Sun, 20 Jan 2008 01:16:21 +0000 http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213340 <p>Thank you so much Dr Yunus … your presence here has been a blessing and hopefully an inspiration as well.</p> Thank you so much Dr Yunus … your presence here has been a blessing and hopefully an inspiration as well.

]]> By: brodix http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213338 brodix Sun, 20 Jan 2008 01:15:23 +0000 http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213338 <p>Since money is no longer gold based, but is taxpayer supported, it is functionally a form of public utility, just like a road system. Instead of transportation, it’s a system of economic exchange. While you are in total possession of the section of road you’re driving on, its value is due to it being connected to those everyone else is on. So is the value of the money in your pocket due to its broad interchangeability. It is not an issue of socializing wealth, but of understanding what money is to begin with. Your home, business, car, etc. are private property, but the roads linking them are not. Money is more like the public road system, than private property. It provides a broad economic connectivity, without which the economy could not function.<br /> When the liquidity bubble does burst, faith in the concept of printed money will be shaken to its core. In order to restore faith in an invaluable economic tool, it would be useful to emphasize this public function.<br /> Given that public debt is a major percentage of the total investment pool, it is public borrowing that serves to support the value of private wealth. This isn’t a stable political situation, because it eventually transfers ownership of public property to private ownership.</p> <p><a href="http://www.exterminatingangel.com/index.php?option=com_content&task=view&id=203&Itemid=118" rel="nofollow">http://www.exterminatingangel......Itemid=118</a></p> Since money is no longer gold based, but is taxpayer supported, it is functionally a form of public utility, just like a road system. Instead of transportation, it’s a system of economic exchange. While you are in total possession of the section of road you’re driving on, its value is due to it being connected to those everyone else is on. So is the value of the money in your pocket due to its broad interchangeability. It is not an issue of socializing wealth, but of understanding what money is to begin with. Your home, business, car, etc. are private property, but the roads linking them are not. Money is more like the public road system, than private property. It provides a broad economic connectivity, without which the economy could not function.
When the liquidity bubble does burst, faith in the concept of printed money will be shaken to its core. In order to restore faith in an invaluable economic tool, it would be useful to emphasize this public function.
Given that public debt is a major percentage of the total investment pool, it is public borrowing that serves to support the value of private wealth. This isn’t a stable political situation, because it eventually transfers ownership of public property to private ownership.

http://www.exterminatingangel……Itemid=118

]]> By: sammifredenburg http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213331 sammifredenburg Sun, 20 Jan 2008 01:11:30 +0000 http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213331 <p>what an honor, Dr. Yunus. Seattle will be looking forward to seeing you again, hopefully soon. Bless your travels and may your book bea best-seller.</p> <p>stay close,</p> <p>sammi in seattle =)</p> what an honor, Dr. Yunus. Seattle will be looking forward to seeing you again, hopefully soon. Bless your travels and may your book bea best-seller.

stay close,

sammi in seattle =)

]]> By: Laura Doty http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213327 Laura Doty Sun, 20 Jan 2008 01:08:57 +0000 http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213327 <p>What a blessing that you were unable to persuade a bank to lend to the poor, Dr. Yunus. That failure led to many many successes. It’s a good lesson for us all, not to give up and to look for the creative, people-based solutions. Thank you so much for being here today. Best wishes to you.</p> What a blessing that you were unable to persuade a bank to lend to the poor, Dr. Yunus. That failure led to many many successes. It’s a good lesson for us all, not to give up and to look for the creative, people-based solutions. Thank you so much for being here today. Best wishes to you.

]]> By: GorillasGuides http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213319 GorillasGuides Sun, 20 Jan 2008 01:06:46 +0000 http://firedoglake.com/2008/01/19/fdl-book-salon-creating-a-world-without-poverty/#comment-1213319 <p>No problem :-)</p> No problem :-)

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