Economics
Posted: Thu Apr 14, 2022 8:10 am
Economics
The economic theory that suited the Industrial Revolution is almost certainly not what is urgently needed today with the present environmental and human emergencies.
In the past the production of more and a greater varieties of goods, and maximising monetary profit, may have been appropriate. With ‘wealth’ virtually taken to be money.
Today wealth is whatever preserves the natural world and humanity as part of it, with communities and the world treated holistically.
Not as a playground for an ever increasing population of individuals.
An immediate problem is that of pollution causing greenhouse warming, as by the airline industry.
Offsetting is dangerous humbug, merely offsetting the problem.
The only wealth from airlines taking people on holiday abroad is the holidays themselves.
Something that is very far from essential to human and nature’s survival.
Everything else is about pollution, and sacking the limited resources of the world.
A modern holistic society, must minimise such indulgence, while taking responsibility for those that a shrinking industry releases.
Essential goods must be defined with everyone guaranteed their needful share.
Where any community has created a ‘sustainable’ and balanced population and economy, it must maintain this in egalitarian partnership with other communities.
The economic theory that suited the Industrial Revolution is almost certainly not what is urgently needed today with the present environmental and human emergencies.
In the past the production of more and a greater varieties of goods, and maximising monetary profit, may have been appropriate. With ‘wealth’ virtually taken to be money.
Today wealth is whatever preserves the natural world and humanity as part of it, with communities and the world treated holistically.
Not as a playground for an ever increasing population of individuals.
An immediate problem is that of pollution causing greenhouse warming, as by the airline industry.
Offsetting is dangerous humbug, merely offsetting the problem.
The only wealth from airlines taking people on holiday abroad is the holidays themselves.
Something that is very far from essential to human and nature’s survival.
Everything else is about pollution, and sacking the limited resources of the world.
A modern holistic society, must minimise such indulgence, while taking responsibility for those that a shrinking industry releases.
Essential goods must be defined with everyone guaranteed their needful share.
Where any community has created a ‘sustainable’ and balanced population and economy, it must maintain this in egalitarian partnership with other communities.