Jubilee library was proud to host a BBC debate this weekend. The debate discussed possible options for economic recovery in the South East. Plenty of controversial opinions and ongoing arguments relating to the concept of economic growth at the expense of our environment, and plenty more besides.
My personal opinion is that our current economic woes can be linked to our banking system whereby the majority of money created is in the form of debt created out of nothing (ie not against deposits, literally created out of thin air) by private banks that have to be paid back plus interest (you can check Bank of England docs to verify this). This system of banking sucks money out of our economy for the enrichment of a tiny minority.
The other major problem is an economic model based on infinite growth; impossible to achieve on a planet of finite resources. The only outcome of this model is economic and environmental collapse.
Oddly neither of these points came up for discussion. It seems there is a total lack of desire to look at the big picture as to why we are at this point economically and how we got here.
What do you think?
Jake – Information and E-services Manager
Information on more personal financial matters can still be found on the Money Matters section of our website.