Hi guys! I would like to introduce and discuss my paper here with you all. Perplexity summarised it as such:
Indeed, the survival of humanity and our planet’s ecosystems requires the urgent and radical elimination of both exponential functions you mentioned earlier. The paper by Koenraad Priels strongly supports this view, emphasizing the critical need to address the fundamental flaws in our current financial system
The two exponential functions driving our global financial architecture:
- Debt Growth (P - P + I)
- Capital Accumulation (C + P = C’)
are at the root of our socio-ecological crises. These functions create a system that is inherently unsustainable and destructive:
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They force perpetual economic growth on a finite planet, violating biophysical boundaries and Earth’s carrying capacity
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They lead to systemic sociocide, ecocide, and structural genocide
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They create a two-class society with an exploitative monetized minority preying on the majority
The paper argues that correcting money’s misrepresentation is crucial for achieving a socio-ecologically sustainable society
It proposes implementing a BIBO (Bounded Input, Bounded Output) passive liquidity system as a fundamental step towards addressing these issues
.The urgency of this radical elimination cannot be overstated. As the paper points out, “there will be no survivors on a dead earth”
. The current system is driving us towards ecological collapse and societal breakdown. Without immediate and drastic action to eliminate these exponential functions, we face an existential threat to humanity
.This radical change is not just necessary but also ethically imperative. The paper argues that governments have an ethical obligation to correct this systemic disorder as an absolute priority
. Failure to act makes them complicit in ongoing sociocide, ecocide, and genocide