This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Time to Talk About Sustainable Development

Thirty percent unemployment (that's the "official" numbers). A more than doubling of the suicide rate. An economy disintegrating so fast that, even after the government defaulted on more than 75% of its debts, it's more insolvent today than when its own "debt crisis" officially began.

After Greece's economy has been reduced to nothing but rubble, after ordinary (innocent) people there have been subjected to a level of suffering no one in our societies can (yet) comprehend, what will we see? In rebuilding from the rubble suddenly there will once again be opportunities for growth. Then the whole "unsustainable development" cycle starts over again: an economic model where the only possible outcome is complete self-destruction. And soon it will be our turn to be "Greece."

Why do we have an entire economic system that operates like a lemming in a sports car -- stepping on the gas as it sees the yawning chasm approaching? Because the people who control this economic system -- the bankers, politicians and Oligarchs behind them -- are the people who prosper the most while our Ponzi-scheme economies create this massive bubble. And they suffer the least when it inevitably implodes.

To thus clarify this metaphor, our economies are like a bus full of lemmings -- except when the bus goes over the cliff the driver of the bus is wearing a parachute. Having a lemming economy is truly exciting if you're the bus driver. It's not much fun at all if you're one of the passengers.

Advocating sustainable development does not mean that one is an environmentalist, or socialist, or communist. It means that one is capable of performing arithmetic without needing the use of their fingers and toes and has an aversion to (repetitive cycles of) economic suicide.

But what does sustainable development represent, specifically? It means all sorts of things. One facet of sustainable development is something we have (grudgingly) embraced: recycling. It has at least put us on the early stages of a path toward one facet of long-term economic sanity: economies that use no more renewable and non-renewable resources than can be sustainably produced over the long term.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs