Thank you for your considered response … I will run it by some friends who understand this better than I do. I fail to see how ‘privatizing wins and socializing losses’ (making the tax payer pay for the bad debt) is not also directly related to the growth imperative resulting from differential interest rates on loans and deposits and the zero’sum nature of the economic and monetary system.


Catalysing transformative innovation, cultural co-creation, whole systems design, and bioregional regeneration. Author of Designing Regenerative Cultures

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store