The system of interaction of humans by which the production and exchange of goods and services are organized, leading to particular forms of distribution and possession of income and wealth.
One of the effects of the penetration of money into every realm of life is the corruption of human values. The growing tolerance for, even blindness to, corruption in politics seems obvious. But it seems to pervade both everyday life and business as well. Corruption is not new. Neither are bribes, theft, or betrayal. Americans … More The Found Art of Self-Dealing and the Corruption of Everything
We often speak of development and growth as the same thing. But what do they really mean? Development seems to imply some form of improvement over prior conditions. Growth plainly refers to something getting bigger. Then there is “progress,” or, improvement over prior conditions. In the U.S. corporate-dominated culture, “development” is almost universally measured by … More Is Development Anything Other Than Growth?
What will it will take to reduce world carbon emissions enough in the short time necessary to fend off the worst of the effects of climate disruption? So much of the economy and energy technology is involved that it is hard to even imagine the magnitude of resulting social disruption. Yet here we are, faced … More The Dilemma of Transformation: From Petro-Economy to Eco-Society
I never quite understood the logic of the “laws of war.” The idea of a “just war” is a little more complicated, but also weak. Stanford historian Ian Morris’s recent book* claims war has reduced human violence over the past ten thousand years. Sometimes a really counter-intuitive but brash idea can garner a lot of … More War, Wealth, and Waste
Slow Food; Slow Money; Slow Life. Such concepts are anathema to the frenzied culture of the dying industrial age. But these ideas are becoming popular among a small but growing class of folks who are simply tired of ‘the rat race.’ “Slow” is closely aligned with the simplicity movement. What do they mean, why should … More Runaway Capital and the Necessity of SLOW
The concept goes way back in the intellectual history of the West, also the East. Simply put, “creative destruction” suggests that in the creation of the new, something of the old is destroyed. Innovation often makes “the old ways” of doing things obsolete. Not surprising. Examples abound in the history of the growth economies of … More Creative Destruction Transformed
The entire edifice of today’s system of predatory extractive capitalism rests on a foundation of not mere sand but a major destabilizing false premise. Economics in denial seems to be driving the world economy to a terminal collapse. The most fateful and flawed fiction of modern life is the idea of Man pitted against Nature, … More Culture Hack: The Clash of Capital with the Natural World
The corporate cheerleaders of the last stages of the dying unlimited-growth economy still argue that “growth” is necessary for a healthy economy. The role of growth in our economic culture seemed secure, until the cracks in its foundation grew ominous. Now it’s a big question. As the argument goes, capital growth spurs technological innovation, which … More Capital Contradiction: The Fundamental Flaw that Dooms the Corporate-Growth Economy
Globalization is widely touted in the mass media as both inevitable and good. But why? It is claimed that products are more efficiently produced, labor is more productive, technology is improved by greater innovation, and capital is more efficiently allocated. But wait, there’s less! According to Paul Hellyer, former Deputy Prime Minister of Canada, “Globalization … More The Happiness Factor: What’s the Point of Having an Economy anyway?
What is money? What is speech? We take these concepts for granted and operate as if we know what they are, but do we, really? More importantly, does the Supreme Court understand the relationship between money and speech? Apparently not, or more likely, the Court is in denial about that relationship, for entirely political reasons. … More Money Is Not Speech
Robert MacNeil Christie, Author 