Soros on green as the motor of the economy
GEORGE SOROS: Well, deal with the mortgage problem. Reduce foreclosures. Recapitalize the banks. And then work on a better world order where we work together to resolve problems that confront humanity like global warming. And I think that dealing with global warming will require a lot of investment.
You see, for the last 25 years the world economy, the motor of the world economy that has been driving it was consumption by the American consumer who has been spending more than he has been saving, all right? Than he’s been producing. So that motor is now switched off. It’s finished. It’s run out of — can’t continue. You need a new motor. And we have a big problem. Global warming. It requires big investment. And that could be the motor of the world economy in the years to come.
BILL MOYERS: Putting more money in, building infrastructure, converting to green technology.
GEORGE SOROS: Instead of consuming, building an electricity grid, saving on energy, rewiring the houses, adjusting your lifestyle where energy has got to cost more until it you introduce those new things. So it will be painful. But at least we will survive and not cook.
BILL MOYERS: You’re talking about this being the end of an era and needing to create a whole new paradigm for the economic model of the country, of the world, right?
GEORGE SOROS: Yes.
Having vs Being – Link
Those who want the fewest things
are nearest to the gods.
How do we shift from having to being, from consuming to doing? It’s a huge adjustment. Maybe we can start by understanding that nothing we can buy can make us happy.