A new economic model is needed--one that focuses on human welfare as being separate from income, and one that focuses on the resiliency of society rather than the growth of society over the long term.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Tuesday, February 16, 2010
Energy Transitions and the Next "Paradigmatic Image of the World"
by David Murphy from The Oil Drum. I am always amazed at the ability of educated people to engage in circumlocution when discussing economics. This writer offers some astute observations about the development and demise of economic systems without ever mentioning the word "capitalism" or "capitalists". Instead he uses terms like "industrialization", "neoclassical macroeconomic theory", and "Classical Economists". It demonstrates the power and effectiveness of many decades of capitalist propaganda and indoctrination to divert attention away from a system which is increasingly being seen as dysfunctional.