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

It means balanced budgets -- not just once-in-a-blue-moon or even occasionally, but every year. Debt is the most obviously "unsustainable" aspect of our unsustainable development economic model. In turn, this means an end to obscenely excessive military spending, an end to corporate subsidies, and (of course) not one more penny in welfare for the financial crime syndicate.

Sustainable development means engaging in long-term planning (and budgeting) with the expectation of near-zero growth -- i.e., sustainable growth. It also means eliminating the world's most-egregious economic parasites: the oligopolies that have infested nearly every facet of our economies.

Regular readers are already aware that, since the dawn of capitalism, capitalist theorists have been in universal agreement that oligopolies (and monopolies) are entirely parasitic entities which can never be allowed to exist in any economic system -- even one which labors under the delusion of infinite growth in a finite system.

Obviously in any sane economic system (i.e. one modeled on sustainable development), we have no room for economic parasites. Note that the oligopolies are also the primary villains for the massive, structural unemployment that grips all of our economies -- the worst in our history. The one thing which oligopolies are efficient at is eliminating jobs.

For newer readers, understand that smashing the oligopolies doesn't require creating "new laws." It simply means enforcing laws which we have had for a century -- laws that used to be enforced before our corrupt governments (and regulators) began serving the Oligarchs openly.

Obviously an economic system based on the premise of unsustainable development is no more plausible a strategy than proposing to power our economies with perpetual-motion machines. However, to operate a wholly unsustainable system, and then on top of that to allow our economies to be blood-sucked with gigantic, perpetual interest payments and by corporate mega-parasites, requires a new adjective -- a level beyond words such as "suicidal" or "insane."

Naturally we hear none of this from the mainstream media, which is itself, one of the largest and most-odious of our oligopolies. Claiming to possess a "free press" while allowing the vast majority of these media to be owned and operated by a handful of Oligarchs is no more rational/plausible than basing entire economies on unsustainable development.

It's too late to salvage our current system. The best we can hope for is that we throw out our (current) Traitor Governments and install honest representatives -- who apply the brakes to our unsustainable economies rather than accelerating toward the chasm ahead.

After that inevitable (and imminent) "crash" is when we need to implement sustainable development. This means that the time to start talking about it is today.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.
3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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