Sunday, April 30, 2017

Economics is a form of brain damage

Click here to access article by Asad Zaman from Real-World Economics Review Blog.

Zaman provides a testimonial to his "brain damage" and recovery by awakening to the reality that capitalist economics was the cause and other insights such as the following:
The parasitical nature of the finance industry has been covered up by the idea of “wealth creation” — when wild speculation doubles the price of stocks, financiers have created wealth, which is a socially valuable activity, instead of a fraud and deception. The ideas of cut-throat competition, survival of fittest, and social darwinism have been used to justify a large number of free market activities which harm the masses to make profits for the wealthy.
He has recovered by cleansing his brain of the false notions of capitalist economics and replacing them with concepts that include our economic activity within the web of nature as succinctly explained by Canadian retired professor Suzuki in the short video.