Throughout my entire adolescent and adult life, I've looked for ways to fix the world.
The depression of 2008 (as it will probably be called) has put things in proportion.
But first, what are the problems?
- Over-enthusiasm to lend, even when the odds getting a return are not good.
- Over-enthusiasm to borrow, even when the rates of interesst are too high.
- Secret lending and unreported lending within the banking system.
- Networks of fake investment companies, that don't actually invest in products or ideas but rather in other investment companies, creating infinite loops of void.
- Over indebtedness, both by the rich and the poor.
- Implosively high prices of enegy.
- Depleting natural resources.
- Lack of communal security.
- Disconfidence in international investment, due to currency and trade barriers.
And for the solution:
Through government legislation, all finantial institutions must declare their full level of assets and liabilities. Assets will be divided into two: real assets and presumed future assets, including the chance of an investment to go bad. legislation will also limit the ammount a person can borrow in correlation with that person's income. All declerations of capital by investment companies must be registered and proven.
As for the energy problem, the solution is complex. Wind and solar plants will be created around the planet, to produce hydrogen from locally in vertually every place on earth. Automobiles, vessels and aeroplanes will cease to be powered by petroleum and will all work on hydrogen. Electricity will be produced for all "friendly" nation who want to invest in a project of satelites that will channel the suns light to mega-power plants on earth that will turn it into power.
The gradual process of trade boundry reduction and currency unification will boost all countries ability to import and export at low costs. economic and psychological deterences will play less of a factor in international business. Finatial institutions responsible for implementing this gradual change will be established, in order to implement the laws of trade and to boost the economies of the developing nations taking part.
Looking into the future, the envirenmental problem has dire conseguences on our existence as human beings.
I recently heard of an American professor who thinks he might have the solution to atmospheric changes, a kind of anti-process, in which carbon will be taken out of the air. He has created a farm with a network of canal carrying sea water in the desserts of northern mexico, that water a certain type of plant that consumes incredible amounts of carbon from the atmosphere. The plant also has some sort of produce with economic value, making the farm profitable. The farms have several advantages: they create jobs, have economic value and are capable of self-sustainability, reduce carbon from the air, reduce salt from the water, arrigate otherwise un-utilized land.
I hope these ideas will become reality within the next few decades.
Eytan