The Ponzi Scheme of Commons Exploitation

The Ponzi Scheme of Commons Exploitation
David Schlecht

We’ve posted before regarding the need to protect our commons and the damage caused by allowing the greedy to exploit our commons for profit.

I’m glad to see that others are beginning to recognize the unavoidable destruction that comes from the greedy exploitation of our commons.

This is such an important issue that it has to be addressed immediately.

We are allowing some to get rich by mining our minerals, and drilling our oil. I say “our” because everything in the ground belongs to all humans, all of us. Anything and everything we take from the Earth is limited. Sooner or later everything will run out unless we make rules, right now, today, to prevent the extraction of anything that is not replaced at the expense of those benefiting from the taking.

But, stop. Think about this a minute. Aren’t you and I benefiting from having cars to drive and oil and gas to burn to keep us moving and keep our heaters and air conditioners and air filters working? I’m guessing we will all say, yes, we are all benefiting from exploiting our finite resources.

What happens to our kids and grand kids when we’ve used up all those resources? Haven’t we effectively stolen the resources from future generations?

It’s time we started realizing that this Ponzi scheme will only last so long before it will all come crashing down. What will happen to our economy when all the oil is gone? It will be the biggest economic crash we’ve ever seen and it will last the rest of time.

What happens when we’ve used the last of the rare earth minerals that make our technology run? No new computers, no new pace makers, no new technology. What do you think that will do to our economy?

Sure, there’ll be a whole new industry of little Chinese slave labor hands stripping the guts out of our old technology trying to scrounge up enough to make a new computer. What will that do to our computer industry? What will that do to our entire technology industry? It’ll be a disaster like we’ve never seen before.

Sure, we might not run out of oil today and we might have enough rare earth minerals to last a few more years, but sooner or later it will all be gone. We have to start conserving today. We need to start finding alternatives to our limited resources. We need to stop the greedy from exploiting our commons for money. When it runs out, it will be you and me that suffer. It’ll be our kids and grand kids. The greedy will already have their money.

Now, don’t expect the greedy 1% to willingly stop making money stripping away our commons. It has to be you and me to pass the laws that require that our commons be cared for. The only way to protect our commons from the greedy and from ourselves it to educate everyone of the train wreck right around the corner and to pass laws that protect our commons, right now, today.

One thought on “The Ponzi Scheme of Commons Exploitation”

  1. Okay, so I thought today’s survey was interesting, namely, “Do you believe the worst is over for the economy?” And I voted and found out that I was in the top 100%. Had to laugh … I was so excited until I found out I was the only one who’d voted!

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