The Zeitgeist Movement [UKH+] (1/8)

Rapid improvements in automation, AI (artificial intelligence), and resource management provide the opportunity for us to envision new models of economics. This talk will look at some important questions that arise:

*) How does the monetary system actually operate, and what are its consequences upon society?

*) What are the consequences of increasing displacement of human labour by machines?

*) Are monetary incentives necessary to spur product development?

*) What prospects are there to transition to more rational systems for allocating resources and pursuing technological innovation?

*) Is an economy without money feasible?

Since its foundation just over a year ago, the growing popularity of the Zeitgeist Movement is raising the visibility of questions like these. Anyone interested in radical ideas about the future of human society is invited to take part in a wide-ranging debate on these topics, led by Ben McLeish.

About the speaker:

Ben McLeish is one of the principal organisers of the Zeitgeist Movement in the UK, and is an accomplished speaker and presenter. He is a graduate of the University of Warwick, where he studied English, Literary and Cultural Theory.

This lecture was recorded on 5th June 2010 at the UKH+ meeting. For information on further meetings please see:
http://extrobritannia.blogspot.com/

Category:

Science & Technology

Tags:

• zeitgeist
• venus
• project

[Karmathejedi1701]

@sachamm you forgot the interest charged (the creation of wealth out of nothing)

[midnightoil22]

@sachamm/ Ignore?

I see you`ve still got your head stuck up your ass.

Wilfull ignorance is not healthy in a world that is constantly changing.

[sachamm]

@hypernation2007 I think the wikipedia articles on banking are good, and I didn't see anything wrong with Modern Money Mechanics either.

[sachamm]

@midnightoil22 /ignore

[midnightoil22]

@sachamm "Be GoneTroll?" Are you fucking serious? How old are you mate? Does your mother know you`re using the internet?

I`ve read your posts "attack me personally". Pull your ego association out of your ass & face up to the fact that you live in a world that is not as it actually appears to be, you have been conned, you`re a sucker, we`ve all had to just face up to it. It can be painful but it`s a FACT. I don`t need to quote sources as Mr. Mcleish is accurate & totally verifiable.

[hypernation2007]

@sachamm Great musical reference.

You cannot attack others for not providing sources when you have yet to list one ;-)

[sachamm]

@midnightoil22 The problem with your reply, Mr Beds Are Burning, is that you attack me personally and provide no evidence or even an argument to back up your claims. I suggest you try reading someone that has a clue of what they are talking about before spouting off in a public forum. Then, re-read my posts and please tell me what I've said that is wrong. Be specific, or... be gone, troll.

[midnightoil22]

@sachamm The problem with all your replies Mr. Sachamm is this. You are either 1)wilfully ignorant or 2) Just thick or 3) Dellusional. If you really don`t understand that Fractional reserve banking is nothing more than a scam & that it really does create money "Out of nothing" then I suggest you try eating money or putting it into your car or conecting your electricity supply to a big bag of money to see how far it gets you. Wake up mate & stop behaving like a dog that`s been shown a card trick.

[chronius9]

@hypernation2007 You are wrong new money is not created, only new deposit created not money. Inflation looks big because of that, but look during 21 century inflation in USA was 1 percent per year and despite dollar lost value workers earn not few hundred dolars per mount. Wages changed accordingly do not forget. By the way inflation (low as few percent) makes really good work in easing money distribution.

[sachamm]

@hypernation2007 _Reserves_ stay the same, and note that it doesn't say new money is created. It says the total deposits increase. You can see how deposits increase but total money stays the same by looking at my $100 example below and considering what would happen if Joe deposited his borrowed $75 into my bank. There is still only $100 total money floating around, and yet I have $175 of deposits. _That_ is the magic that everyone is talking about.