It is not the profit motive that drives this disaster. We all need to "profit" from our work. It is the monopoly of the bank-debt money system that drives this wastage; this irrational submission to the impossible demands of banker arithmetic.
It doesn't have to be this way. The negative sum money arithmetic of profit-seeking banks and businesses does not have to doom humanity to impoverished lives of unpayable money debts. All that is required to solve this problem is to break the "monopoly" of money issuance. By adding government-issued non-debt money into the negative sum equations, we can make the equations zero sum or positive sum.
Money is just numbers, after all; numbers that work by accounting arithmetic. No law of physics or arithmetic commands that only "bankers" are allowed to create money numbers. If men called bankers are competent to issue money, then men called finance ministers or treasurers are equally competent. Bankers issue money attached by debt. Governments can issue their own debt-free money: positive numbers that are not "attached to" negative numbers.
The low priests of the marketplace shriek, "Hyperinflation! Hyperinflation!"
Have we heard enough from the low priests? Are we ready to tell them to shut the f___ up already, while we solve our arithmetic problems?
Environmental devastation notwithstanding, in a mere 30 years of industrial development China pulled 300 million of its people from poverty to middle class abundance. This was no fortuitous accident of market forces. China's government exercises sovereignty over China's money and banking system. The government instructed its banks to finance Chinese entrepreneurs who wanted to build a piece of China's economic infrastructure. The power of money issuance and allocation, not "market forces", caused China's economic development.
You simply "create money", and offer to pay money to whoever wants to build and produce and provide the things you want. The offer to pay money activates the profit motive in individual people and businesses. By making money a public good rather than the private property of banksters, you can unleash truly "free market forces" in the real productive economy.
If this awesome macroeconomic money power is operated as a public utility that serves the social and economic interests of the people of the nation, then a monetarily sovereign government can create a true economic democracy.
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