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relevant and I wish I had read it before writing this piece. On a related front, a friend flagged a 1972 study from MIT that predicts the collapse of civilization in 2040 – and so far it has been worryingly prescient (it’s discussed here). It’s a fascinating arena, and thank you for your kind words. Finally, someone is talking about this... No growth is the ONLY way forward. Really negative growth, especially population growth. Good article, but the real problem is population and money printing. – DMZ Kim Iskyan Reply: DMZ, thank you for your message. We people seem very much to be the core of the problem. When I was a summer camp counselor (a while ago!), we used to joke that summer camp would be a ton of fun and so much better if we didn’t have to deal with all those annoying kids who showed up for camp (for whom, of course, we were there in the first place). I wonder if Mother Earth sometimes thinks about how nice Earth would be without us humans... Re: Don’t Be Tempted by Robinhood’s Massive IPO An extremely readable and concise description of the IPO marketplace, which I’ll be sharing to many today, starting with my four children. Informative, as always. – Fred J. Kim Iskyan Reply: Fred – thank you for your words. IPOs are the sports cars of the investment world – full of sex appeal and flash, but very often devoid of substance, and they leave the buyer with a sense of regret... and a lighter wallet/brokerage balance.
And all those Asian tiger economies had nothing to dowith personal household savings rates of 35%... it was the billionaires that created modern growth. What a crock! – Kendrick M. John Tamny Reply: Kendrick, I think you’re too hard on the rich. Consider how you’re communicating with me. All these advances you enjoy are a creation of the rich. Does government intervene too much in business? No doubt... I’d love a totally free market. But the lack of same doesn’t diminish the gargantuan accomplishments of the rich in the U.S. You can disdain them, but a world without their accomplishments would be defined by unrelenting drudgery. This would include an inability for us to communicate. Re: Why a No-GrowthWorld Is Inevitable Thank you, Kim, for your article on rethinking the constant GROWTH economy model. So happy to read some creative 21st century thought! (Not sure if Kate Rayworth’s Donut Economics got you pondering on how to reframe a successful, productive, healthy economy that serves humanity and our ‘mother ship’ Earth?) Bravo for breaking down how the future might look for us in innovative terms & taking a nibble at the donut. – Andra M. Kim Iskyan Reply: Andra, I’m not familiar with Donut Economics ... but it seems highly
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August 2021
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