As a Swedish hacker I would like to add yes we do have a balanced government budget. But no we have not reinvented capitalism in a way that is fully coherent wi

As a Swedish hacker I would like to add yes we do have a balanced government budget. But no we have not reinvented capitalism in a way that is fully coherent with system engineering principles and sustainable for the future without boom/bust cycles. As it is now, we have fractional reserve banking, were money is created by private banks, in Swedens case Handelsbanken is using 6sek(1 USD) in capital to create 100sek(16 USD) in loans. If that bank fails, it will be bailed out by the Swedish state. The only difference the last time Sweden bailed out it's national banks in the 90s was that the state demanded ownership so which at least is smarter than demanding nothing back. We need to reinvent capitalism to a system which is not driven by exponential debt creation by private bank entities backed up by the government. PIMCO debt supernova http://www.pimco.com/EN/Insights/Pages/Credit-Supernova.aspx#.UQp3KOIdHWo.twitter http://www.pimco.com/EN/Insights/Pages/Credit-Supernova.aspx... The debt bubble graph by Professor Steve Keen http://www.debtdeflation.com/blogs/wp-content/uploads/2009/02/KeenDebtwatchNo31February2009_files/image056.gif http://www.debtdeflation.com/blogs/wp-content/uploads/2009/0... The 75 year stock trend line, sure looks like an exponential curve. http://www.zerohedge.com/news/2013-01-30/75-year-trendline-holding-stocks-back-now http://www.zerohedge.com/news/2013-01-30/75-year-trendline-h... The limited productivity of debt, the most important chart of the century http://economicedge.blogspot.se/2010/03/most-important-chart-of-century.html http://economicedge.blogspot.se/2010/03/most-important-chart... http://www.debtdeflation.com/blogs/2012/01/28/economics-in-the-age-of-deleveraging/ http://www.debtdeflation.com/blogs/2012/01/28/economics-in-t... http://cdn.debtdeflation.com/blogs/wp-content/uploads/2012/01/012812_0316_Economicsin1.pnghttp://economicedge.blogspot.se/2010/03/most-important-chart-of-century.html http://cdn.debtdeflation.com/blogs/wp-content/uploads/2012/0...