This article in the Guardian on May 21, 2008, shows how the soft social ’science’ of economics obfuscates clear mathematical thinking and the unsustainable growth of compounding interest on interest.
Some of the questions one can ask oneself are: on the level of Governments and Central Banks
- who knows about the ethical divide between ‘growth by interest-bearing credit’ or ‘growth by interest-free cash’?
- who considers social objectives such as climate change to fund green activities rather than wars?
What can anybody who wants to make a difference do?
We have to find out for ourselves. One action at a time. Fortunately, the net and the web are helping us! No wonder, Dr. Yunus says that institutions have been failing us and take too long to make a difference…
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