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What's awry with the modern economy?
Issue
1
#33349
CONTEXT
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Prosperity without Growth »
Prosperity without Growth
Prosperity without Growth☜Exploring the relationship between prosperity and economic growth: and seeking to develop a new vision of the capability of humanity to flourish within the ecological limits of a finite planet.☜F1CEB7
■
What's awry with the modern economy?
What's awry with the modern economy?☜☜FFB597
●
Throughput of materials and energy is the central problem »
Throughput of materials and energy is the central problem
Throughput of materials and energy is the central problem☜The linear Mine-Manufacture-use-dispose economic model (or in the case of carbon fuels, Mine-Burn-Pollute) is unsustainable at present levels, let alone on a continuous-growth model. We must make the transition to a cyclical Manufacture-Use-Re-use-Recycle model. In the process of transition, much good work in the green sector of the economy will be created. Note that growth in understanding, education, art and science is possible and desirable. ☜FFB597
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Global economic activity is unsustainable ecologically »
Global economic activity is unsustainable ecologically
Global economic activity is unsustainable ecologically☜☜59C6EF
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Unequal distribution of wealth and resources »
Unequal distribution of wealth and resources
Unequal distribution of wealth and resources☜☜59C6EF
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Blinkered pursuit of economic growth »
Blinkered pursuit of economic growth
Blinkered pursuit of economic growth☜☜59C6EF
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Economic performance measures are too narrow »
Economic performance measures are too narrow
Economic performance measures are too narrow☜☜59C6EF
►
Money is created through interest bearing loans. »
Money is created through interest bearing loans.
Money is created through interest bearing loans.☜The global money supply doubles every decade. Most is created by banks issuing loans (=>debt) at interest. All countries bar 4 are in debt - not to each other, but to banks. It should not surprise us therefore that the world economy has vast amounts of debt at its centre. ☜FFFACD
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Entered by:-
Elpida Makriyannis
NodeID:
#33349
Node type:
Issue
Entry date (GMT):
10/13/2009 4:50:00 PM
Last edit date (GMT):
5/2/2014 7:05:00 PM
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