I don’t know. Definitely not crypto as the energy demands on it make it infeasible. But a currency comes after an economic system is formed, we haven’t even addressed changing that yet so 🤷🏽♂️.
hotelbravo722
joined 2 years ago
The USD losing reserve status is in my opinion going to happen within the next decade. BRICKS is too much of an economic powerhouse that the US can’t compete with. China alone outperforms the US when it comes to GDP. However I think in the long run it will be good for the US and others. We have all been coasting on an economy based off cheap access to energy and cheap access to credit. This has caused a huge moral hazard as people have unrealistic expectations on the cost of things and enables a consumptive lifestyle that is causing the rapid death of our biosphere.
And for that one brief moment in time they will have maximized all value for their shareholders.
That’s always been the big lie, that the right doesn’t believe in climate change. They believe in it, and they plan on making a whole lot of money off of it.
It’s not “rich” that people want to be its well off. Once most people reach a certain point of comfort and access to resources demand for things levels off. So the trick is to make access to the basic goods/services cheap or free and stop the excessive consumption like mansions and private jets. Equating Degrowth economics to returning to poverty is politically setting the idea up for failure. Degrowth should be about telling people that they will still have plentiful access to food, water, shelter and energy. They just won’t be having private jet packs or luxury cars anymore.