Tag Archives: technology

Neoclassical economics III: a machine to destroy the world

[Published at Pearls & Irritations 23 Sept.]

The false nostrums of the pseudo-science of neoclassical economics have been used to create a system that promotes endlessly increasing consumption of resources and endless elaboration of technology. This system already operates far beyond the needs of people. Our survival requires that we rein in the machine and return to proven and durable, social and moral forms of organisation.

Growth has a fundamental place in the biological world, of which we humans are a part. Unchecked growth has no place, outside of the microbial world. Unchecked growth is called a plague, an epidemic or a cancer.

Growth, among mainstream economists, has become a reflexive, mindless goal, specifically growth of the Gross Domestic Product. Growth of the GDP is the dominant global criterion for allegedly successful management of an economy. GDP is an indiscriminate measure of what we spend money on: some things good, some useless, some bad and, increasingly, some attempting to repair damage from previous spending. GDP is not a useful measure of our quality of life, whose improvement should be the real goal, but it does correlate with resource use and resource waste, also known as pollution.

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To Armageddon on Automatic

[As usual the MSM and even The Conversation can’t be bothered looking at actual thoughts. So this will soon be on my old faithful, Independent Australia. Good, but a wider audience would be nice. Also, been working on a new MS, so there hasn’t been much here for a while.]

apocalypse-end-timesPerhaps the Aussie summer pause is a chance to ask a really basic question.

Do we have any say in the human future? Are there any human beings anywhere who have any say in how our future unfolds? Do the political leaders, the billionaires, the giant corporations?

Or is our children’s future ruled by inexorable laws of economics, or of society, or of flawed human psychology. Is it in the hands of the gods or of God? Is it determined by Fate?

Judging by what is written and said you’d have to conclude that most people think it’s all out of our hands.

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