I guess the hardest thing about looking for a major change is that we cannot imagine what it would be like. So moving from a world which bases almost all of its commercial transactions on debt to a world without debt is unimaginable.
But it was Einstein who said
Insanity is doing the same thing over and over and expecting a different result
And Henry Ford (founder of one of the biggest car manufacturers in the world) said (possibly quoting someone else)
If you always do what you’ve always done, you’ll always get what you’ve always got
Changing the world means doing something that hasn’t been done before. If it’s been done before it isn’t a change!
It does not mean it is easy or that people will like it. I don’t understand half of what Einstein said and when Henry Ford offered his Model-T in “any colour as long as it’s black” he may have lost a few customers.
So the question is – should we try?
And my answer is that we have tried the other way over and over and keep on getting the same results – personal, institutional and national debt which has become unmanageable.
So why not try something new and see if we can get a different answer – a world free of debt – economies which do not have built in mechanisms which automatically move from boom to bust – a world free of bankers who are forever trying to lend more money than we can afford – a world free of banking crises.