Simon Tzu

A member of the Philip Greenspun's Homepage community since April 15, 2003

If you were to log in, you'd be able to get more information on your fellow community member.

April 15, 2003, on Israel:
Showing that reducing our dependance on oil is an effective means of combatting of terrorism is good thinking but it is possible to go a step further. Part of the reason we burn fossil fuels is that we use a monetary system where hoarding the means of exchange is encouraged by the fact that it bears interest. This encourages short term thinking. Assuming there was only one model of car with the only difference being how long it lasted. It is in my interest to buy 10 cars which lasts 10 years for $10000 apiece rather than 1 car which lasts 100 years for $100000. I can invest the money in the meantime and it will grow thanks to compound interest. The solution to many political, social and environmental problems is to adopt a monetary system which is not based on scarcity and does not encourage hoarding of the means of exchange. See Bernard Lietaer's website for more details http://www.transaction.net/money/cc/cc01.html