Can public, non-commercial banks - which I very much support - negate the effects of the Archived Message Posted by Rhisiart Gwilym on February 13, 2019, 8:00 am, in reply to "Reconstruction Finance Corporation" Long Descent, now in train, and as far as any truly hard-faced realist can suggest neither reversible nor stoppable? Public banks, as part of a politics of scarcity-socialism, are an excellent idea. But the best they're going to do is alleviate the worst affects of the ebb tide of industrial 'civilisation'. This isn't the 1930s. The global resource bin is much nearer empty now than it was. That's real physical resources like energy and metals, for example, that actually make possible the projects that such banks could fund. The resources are now much harder - and more energy-demanding - to extract, and the pressures from the by-now much enlarged population overshoot are so much greater. How we choose to manipulate the abstractions of finance can have a degree of useful impact on these intractable problems; but only so much... Message Thread: Guardian article on AOC s Green Deal - Edgar G Ulmer February 12, 2019, 10:14 pm Reconstruction Finance Corporation - mike February 12, 2019, 10:34 pm Can public, non-commercial banks - which I very much support - negate the effects of the - Rhisiart Gwilym February 13, 2019, 8:00 am Maybe I am dumb .. - Shyaku February 14, 2019, 1:50 pm Obviously I agree with all that, Shy. But - er - you still need energy, metals, etc. to do it. Even - Rhisiart Gwilym February 15, 2019, 6:32 pm A better Guardian article on AOC s Green Deal - Edgar G February 13, 2019, 8:51 pm   Searching