Hope without an object cannot live. Circular Economy, Energy and Debt

Lasciate ogni speranza, voi ch’entrate

  • Through me you go to the grief wracked city; Through me you go to everlasting pain; Through me you go a pass among lost souls. Justice inspired my exalted Creator: I am a creature of the Holiest Power, of Wisdom in the Highest and of Primal Love. Nothing till I was made was made, only eternal beings. And I endure eternally. Abandon all hope — Ye Who Enter Here

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rogerglewis

Imagine a monetary unit backed by a central bank which promises to provide the bearer on demand with a kiloWatt hour of energy in a previously specified form or forms. The value of this energy-backed monetary unit (EBMU) would therefore be fixed at 1kWh. The price of this EBMU in any fiat currency would be the price of 1kWh in that fiat currency. @Will
I think this is a good insight to the basis of Economic Value and argues against the tolerance of an Abstract and Subjective monetary unit.
The question is also then begged, What is Debt?
The basis of starting assumptions also hang in this satement by Tim in the thread also .
What I’m getting at is that making the right policy changes – even if it could be accomplished – is only part of the problem, and arguably the smaller part. The bigger part is changing attitudes away from a philosophy based on greed, self-interest and lack of care for others.
The questions become what are human needs and what are Human Wants also put more widely what is mans place in the overall Eco System of The Blue Planet?
I had a Long chat about the Circular economy with a friend on Skype a few days ago. I was explaining where I had got to with my own efforts to calibrate the economy in Kilowatt hours.
He asked,
what questions are you answering?
These were the broad headings of my answer.
what does a market do? how does a market function? price signals money as a price signal for making production decisions is poor. the noise ratio is high the clearer signal is the embodied energy signal.
All, of course, has ultimately top have regard to different Geo Political Contexts.
This is a long Discussion I have read most of it and will read the rest I have not yet read. What do others here think we are Trying to repair.
Work without Hope
BY SAMUEL TAYLOR COLERIDGE
Lines Composed 21st February 1825
All Nature seems at work. Slugs leave their lair—
The bees are stirring—birds are on the wing—
And Winter slumbering in the open air,
Wears on his smiling face a dream of Spring!
And I the while, the sole unbusy thing,
Nor honey make, nor pair, nor build, nor sing.
Yet well I ken the banks where amaranths blow,
Have traced the fount whence streams of nectar flow.
Bloom, O ye amaranths! bloom for whom ye may,
For me ye bloom not! Glide, rich streams, away!
With lips unbrightened, wreathless brow, I stroll:
And would you learn the spells that drowse my soul?
Work without Hope draws nectar in a sieve,
And Hope without an object cannot live.