They promise them freedom, while they themselves are slaves of depravity—for “people are slaves to whatever has mastered them.”[2 Peter 2:19]
I knew this would happen. I knew that once I started putting it out there that I am counseling my clients to get and stay out of debt, all debt, forever, that there would be push back. There is just no possible way anyone can “get ahead” without access to credit, or so I am told.
I understand the sentiment.
We live in a society that is built on easy credit. From zero percent financing on that brand new car to the recent attempt by The Bank of Montreal to offer a 2.89% mortgage, the conventional wisdom is that there is no possible way that anyone can live without access to some kind of credit. Some industries, like car rental, hotels and the ever increasing on-line retail industry are so locked in to the credit mind-set that they have made it almost impossible to do business without using a credit card. Top that off with all of the leading economists telling us that if credit were tightened through the raising of interest rates or by imposing higher income requirements the entire economy would collapse and somehow trying to live without credit seems downright unpatriotic.
Sadly, to an extent, the economists are right. But that’s only because the government and business has built a system that can only be sustained through constantly increasing the amount of money that is pumped into it. In the medical world when something continues to grow unchecked, we call it cancer but in economics we call it progress.
What I advocate is what some have called a solid state economy. That is, a system that seeks to maintain balance, not growth. Balance between input and output, basic human needs and environmental sustainability. It is only by living this way that the average consumer has any hope of getting, and staying, out of debt.
People in a solid state economy would have the guts to stand up to the “manufactured need” of the advertising industry and say, enough is enough. Even though many free market capitalists will say that the only way to achieve a solid state economy is through draconian socialist intervention, a truly solid state economy follows the laws of the free market to the extreme. In a solid state economy when a company successfully fills a need they either slow production to a reasonable rate or wind up operations completely as opposed to the current practice of manufacturing further demand or creating “planned obsolescence” which force consumers to keep buying the same products over and over again. These practices are causing us to become buried under a mountain of discarded goods and services and killing the planet in the process.
If planet earth is a living, breathing system, then our economy is a cancer that must be stopped before it kills us all!
For more information on the Solid State Economy and advice on how to get, and stay, out of debt write to firstname.lastname@example.org