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Debt forgiveness here really involves a whole-scale transformation about how we relate to ourselves, each other, and the world around us. Honoring our debt to nature means that we recognize our pursuit of happiness depends upon our physical sustenance. This will require comprehensive education, re-grounding in natural experience, and recommitment to simple living to pay down the massive debt of ignorant living to which we have grown accustomed.

It will call for an evolution of ideas of the good life that move from physical manufacturing, use, and exploitation of the material world, to one where the material world provides only the bare support needed to explore, expand, and develop our increasingly non-material opportunities and aspirations. I personally find this a heartening and exciting direction, but many are likely to view it as a step down. This will be one of the most important global conversations in the next century.

Conclusion:

One of the greatest barriers to enacting alternatives is getting over the false idea that debt is some kind of either natural phenomenon or moral law. Debt is not natural; it is created by humans and can be erased by humans. There is nothing moral about a nation running up its children’s national credit card to the tune of 15 trillion dollars (with another 100 trillion+ in federal entitlements) and expecting the next generation to pay it. Nor is it morally reasonable to expect individual people, who have worked hard and followed the economic rules, to suffer with life-long debt servitude for mid-game changes in the rules and shifts in the global context.

In point of fact, our current “sea” of international debt is merely a very large man-made lake, damned up by ignorance, greed, and exploitation. The only healthy way to manage current debt is to drain this lake completely through debt forgiveness. It is time to take down the dam and let democratic prosperity flow. True, people will not get their individual material dreams and hopes of unlimited riches fulfilled, but they will take important steps toward preventing a war of humanity against itself, and they will be able to engage new opportunities and definitions of the good life involving working together creatively to build a better, more just world.

Instead of the old dream where we impose static past fantasies on a dynamic future, we can embrace a new dream where we create, explore, express, unfold, and reinvent who we are and what we can be through shared, interactive achievement and improvement. The old economic system based on scarcity and false security is thus converted toward new ends—freedom, health, quality of life, creativity, autonomy, and mutuality.

In pursuing this progress in jubilee, we go a long way to clearing out our past entrapments, inequities, and animosities. We also wisely devote our shrinking material resources toward developing a widely shared and exchanged, mostly non-material, experiential and social currency that multiplies in abundance and increases in value the more it is shared.


from this financial commentary.


Also one quote for thought:


Global youth are much interconnected and cooperative.

What’s the point of surviving without love?

World is complex, happiness is simple.

Some people (optimists like some economists) are confident (overconfident?) about human . They think that human can solve any problem as long as there is a need. This perception formed may be due to the industrial advancement (standard of living, science and technology, better institution) since the last few centuries. But can we attribute it solely to the human ingenuity? Why human did not achieve the great leap earlier (note that human has already been evolved to this current form since at least 50,000 BP, before the last fews centuries human history keeps showing rise and fall of the civilizations)? Some other people argue that rising of current civilization is mainly due to high EROI of fossil fuel. I cannot judge because I think it is hard to identify the root causes in an unrepeatable process like this.

While I have no plan to talk about reasons of rising of current industrial civilization in this post, it is a good example to show that how poor our knowledge be. While we can send people to the moon, we cannot eradicate war, hunger, AIDS, traffic jam; we still struggle in developing technology that can recognize people’s face un-intrusively and flexibly under natural environment like human does; or we cannot even predict how the water level of a bathtub change. There are lots of examples you can think of about what human still cannot do presently, even there is a will (e.g. forecast direction of winds that bring the volcano ash).

The most critical evolutionary constraint on human is to understand complexity (complex means difficult to understand, so a thing will not be called complex if we can understand it). For example, no one know for sure what will happen in the current Euro financial crisis. What if we let Greece bankrupt? What is the consequences (especially unintended consequences) of current decision to bail it out? We grow our civilization to this state of complexity but we don’t know how to manage it. In a world of changing faster and faster and becoming more and more interconnected (interdependence), we just realize how poor our ability to control it to achieve the vision we want.

This is my thought after reading this post:


The ultimate challenge for humanity, then, is to figure out how to make insight about complex systems evolutionarily successful.

At least, we need to recognize that we still ignorant of many things. We should be more humble. We should be more careful. We should be watchful about where our current direction leads us to be, and rethink the actual relationship between economic growth and human development. So I think the first step should be raising awareness about our poor ability to learn complexity (especially dynamic complexity).

If you think this is not an issue, then ask yourself: Are you happy? Do you feel your life is full of happiness? If not, why? Do you think you are happier than people before the industrial civilization? Or more simple question, happier than people who died before the internet has invented? You enjoy so many modern innovations, you should be much happier than them. If not, this is a sign of unhealthy development. Development should increase people’s happiness, not less. Let’s think about it.

Happiness may be your lifelong goal.

But how long term the happiness you would like to have? Just current state of pleasure? Or also today, this quarter, this year, medium term (3-5 years), long term (>10 years), until you retire, until you die, future of next generations, or even future of unborn future generations?

And how broad is your happiness? Just including yourself? Or also your family, relatives, friends, neighbours, local people, country people, humanity, animals, living things in the earth, or even living things in the universe?

The trick of happiness is that you can sacrifice your happiness in the future for your happiness in the moment, or sacrifice happiness of the others for happiness of your own. Spend or save, directly throw waste water to the river or set up costly cleaning facilities to treat it before discharge into the river, both can mean happiness with different definition.

I would advocate our goal should be sustainable and inclusive happiness – 可持续和包容性的幸福、可持续和包容性的快乐. This is a question of value.

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