Economic-Financial

The social evolution of the economic-financial pillar that supports a functional democratic society is the most difficult to bring about. Yet, ironically, this pillar provides an opportunity for us to understand how a divisive, socially and politically immature democratic nation will be transformed into one that is stable, peaceful, and a very good place to live.

Reshaping public education policy development will occur quickly compared to that of the economic-financial sector. Education can be brought into alignment with the values and long term intentions of social sustainability in a relatively short period of time. Five to ten years would provide sufficient time for public education in the United States to turn itself around to become an incredibly capable contributor to future generations of socially and emotionally healthy citizens.

For the economic-financial sector to do the same will require that those children who grew up with public education oriented toward the intentions of social sustainability become the financial advisors, investors, and managers in that sector. This demonstrates the trans-generational culture change that will occur across the broad cultures of democratic nations. And, it begins with educating and training parents-to-be, parents, and pre-teens in the skills and knowledges using the “best practices” of parenting and child rearing that produces children who leave home with social confidence, competence, and a strong sense of social responsibility.

As we observe (June 2017) in the financial news about the incredibly skewed antics of the stock market, and the many investment bubbles, ego and fear are evidenced by hoarding, greed, and pride, for examples. They are responsible for making the near future seem very unstable. The market of Wall Street and beyond is driven by the unreasonable interpretations of the seven values that have sustained our species. Those interpretations have gotten so far away from sustaining our species, families, and societies that they will bring about the destruction of our economies, societies, nations, and families.

Because the wisdom that is available from past failures and successes are not being retained in a centralized “Library of Sustaining Human Wisdom,” the financial crashes of the past will continue to be repeated again and again. When the financial culture of a nation, as the United States in this immediate era, fully supports prosperity at any cost (sorry for the oxymoron), when even the financial institutions that were installed after 1929 are trying to support the continuance of increasing prosperity as it is measured by Wall Street, then that nation and the world are truly doomed to a financial collapse that has never been seen before.

Globally, the only recourse is to wipe debts out of the equation, as there will never be time enough for a recovery to pay off those debts. That is the only solution to continue the advance of prosperity. Yes, it is an ironic solution. It is even more radical than the Central Banks persistent buying assets to prop up national and the global economies. Yet, when you consider “buying assets” in order to continue the development of prosperity, Central Banks could buy debts and do something similar – rather than injecting more money into an already indebted economy, it is removing debts as a means for saving the assets that already exist. Of course, this action would have to occur in all economies by all financial institutions and individuals who hold debt. Otherwise it will not work.

The eventual global financial collapse will require a multi-generational effort for financial recovery. That will provide the time necessary to install the values of social sustainability, along with the social conscience, ethics, and morality to move highly fallible nations, societies, and economies toward over-arching stability and onward toward self-sustaining practices that bring about social sustainability.

Do not worry too much about what is surely going to occur, as it is unstoppable and is unpreventable given the previous spineless will of character to install truly long term preventions. The only rational actions to take are to begin the process of developing the means of recovery that will bring peace and stability on all fronts to our future generations. It is for that process of recovery that I have developed this book, and the holism of its remedies.