Unustainable forces of production/consumption: Capitalism

  • Advertising creates unsustainable needs
  • Wellbeing/status measured by consumption
  • Wages stop growing equal to productivity in 1970's
  • Workers exploited more > solace in consumption
  • Encouraged to Borrow Unsustainably

see http://vimeo.com/1962208 (Rick Wolff)
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Unustainable forces of production/consumption: Capitalism
Wage increases stop matching productivity in 1970's
Advertising consumption as the only measure of well-being/status
Banks encourage borrowing to ensure continued consumption
colleges mischaracterize capitalism to support for central planning
Workers replace power in workplace with consumption
Money is created through interest bearing loans.
Unintended consequences of earlier public policy choices
Lack of financial literacy.
Accountability Mechanisms ill-suited for Network Style Dec-Making
Global Savings Glut
Human cognitive biases
Increased power of finance capital leading to rent-seeking behavior
Natural financial dynamics of the baby boom generation
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