Putting aside the crooked banking system and exploitation of the poor who need money to survive... What's one of the biggest problems with the current economic system?
It's based on profit.
My dishwasher broke down once again and I started thinking about it. The first washing machines were so sturdy, they went for 30 years or even more. Nowadays, even when you buy brand names they just break down almost right after the guarantee date. It's either a costly electronic piece to change or the other option is to change it completely. People remark that it is done on purpose, i.e. pieces are built to last as long as the guarantee date. So that then, you have to spend money once again and ensure the company makes money.
When we were doing off-road in Africa back in 2001, Jeff (Willner) who organized the trip had said the same thing for tires. He said the first ones they produced went for a lifetime. Then they realized they couldn't sell more tires if that was the case. So they started producing lesser quality tires.
The same goes for electronics. I never care about updating, I use my computer as a typewriter and to make research on the internet. So I don't need much. But they keep updating software and I need to change a perfectly fine computer which works fine for me as otherwise I am not able to use basic programs. It's incredible.
The other day my mother-in-law's central heating boiler broke down. She called the authorized technical service, they came and told her it needed changing. As it cost a lot of money, she called another man to have a look. This man just changed a fuse and voila, the boiler was working. How many times have you or someone close to you had some appliance break down in the house and had a similar experience?
This is one thing. What about medicines? The drugs and tests doctors prescribe... I have heard so many stories, I lived through so many myself, doctors suggesting an operation for something that could easily be solved by a small cut, doctors prescribing so many unnecessary procedures and pills for children. And it is so well known that pharmaceuticals buy doctors cars, TV sets, send them on luxurious exotic trips. It seriously is a mad world. Something really needs to be done about it. It needs to be toppled. We need to change where the money goes. That makes the difference between heaven or hell.