Was globalization a temporary state that has run its course? That’s the case made by Jerry Mander, who believes there is plenty of evidence that the promises of capitalism, consumerism, individual wealth and never-ending growth are coming up empty. He’s founder of the International Forum on Globalization and author of The Case Against the Global Economy and for a Turn Toward the Local. He also wrote The Capitalism Papers: Fatal Flaws of an Obsolete System in 2012. Jerry Mander is…
Tag Archives economics
While world leaders wring their hands over forecasts of timid GDP growth, a growing list of visionaries around the world are collaborating to redefine economic objectives in a more meaningful and sustainable way. Former White House advisor Gus Speth has been at the forefront of new economic thought for decades. His prescription for change is not a bunch of economic mumbo-jumbo for boards and bankers. His ideas reach deep into the way we conduct our personal lives. We need to…
Robust economic growth has become the Holy Grail of public policy and politics. But some economists and many scientists have come to believe growth has become “uneconomic." Former World Bank Senior Economist Herman Daly explains this in terms we can all understand. The economy is a sub-system of a larger system. The larger system being the biosphere, the environment. The biosphere is finite, non-growing, materially closed. We get a flow of solar energy coming in, but it's not growing, either.…
“Gross Domestic Product has now become a fetish,” according to economist Raj Patel. Many undesirable things end up adding to GDP: wars, disease, and environmental destruction, for example. And GDP fails to measure many desirable indicators of community health. It has led us to live in an ecologically and socially unsustainable fashion. No one wants to live in the Stone Age, no one wants to live in a time with bad medical care, no one wants to live in a…
12