Showing posts with label exponential growth. Show all posts
Showing posts with label exponential growth. Show all posts

Thursday, 8 May 2014

THE PETRIE DISH EFFECT


ANDY FLEMING details how we need to completely replace our current economic paradigm if we are to have a future on the Earth.

It’s so easy to be negative about the current global economic system. And of course there is every reason. Most readers will be aware that the economies of virtually all major developed nations including China are well, stuffed.

When it comes to a solution however, yesterday’s Labour Party European Election broadcast brought home our dilemma. In its theatre and comedy it was excellent, vividly portraying the economic abyss we have descended into as a nation. Character assassinations of Cameron and Clegg flowed freely, highlighting their promotion of the philosophies of greed, inequity, deceit, self-advancement and privilege.

There was of course no reference to Labour’s immense culpability in our economic plight. Neither was there one positive economic policy proposal of how the people’s party was going to fix things. Apart, that is, from the usual rhetoric of economically castrating the bankers, with whom until late 2008 they were so intimate.

They offered no practical policies because here’s the thing; there aren’t any. That’s because the whole current global economic paradigm based on greed, central banks, drugs, money laundering, the military industrial complex and war is quite simply not fit for the new millennium. Tinkering around at the edges with an economic system originating in the sixteenth century simply won’t work, and here’s my rational for saying this, based surprisingly not in politics but in science.