Re: The Growth Fraud - The economic model is based on a flawed premise
Von: Meldon (meldon@meldon.com) [Profil]
Datum: 26.02.2008 18:47
Message-ID: <13s8lcno7kj4e2@corp.supernews.com>
Newsgroup: uk.mediasoc.men can.politics alt.politics.economics
Datum: 26.02.2008 18:47
Message-ID: <13s8lcno7kj4e2@corp.supernews.com>
Newsgroup: uk.mediasoc.men can.politics alt.politics.economics
"Anarchore" <e@t.me> wrote in message news:13s8bdvm94qut0f@corp.supernews.com... > Meldon wrote: > >> The Growth Fraud >> >> >> >> The economic model is based on a flawed premise. >> >> >> >> "When civilization [population] increases, the available labor again >> increases. In turn, luxury again increases in correspondence with the >> increasing profit, and the customs and needs of luxury increase." - >> Ibn Khaldun, 1377 >> >> >> >> >> >> It presumes, growth is the measure of success. >> >> >> >> "Now it is generally recognized that economic growth also corresponds >> to a process of continual rapid replacement and reorganization of >> human activities facilitated by investment motivated to maximize >> returns. This exponential evolution of our self-organized >> life-support and cultural systems is remarkably creative and >> flexible, but highly unpredictable in many ways. >> >> >> >> http://en.wikipedia.org/wiki/Economic_growth#Origins_of_the_Concept_an >> d_Theories_of_Economic_Growth >> >> >> >> >> >> The growth model produces a greed effect. >> >> >> >> "Greed has an extremely negative connotation for most people. It >> conjures up images of Ebenezer Scrooge and Shylock, chortling over >> their gold and ignoring the plights and miseries of others. However, >> it is actually the gathering of resources, the more the better. >> Biologically, for any organism that is successful greed is good." - >> Richard F. Taflinger >> >> >> >> http://www.wsu.edu:8080/~taflinge/biology.html >> >> >> >> >> >> .. and considers it a sign of health. (ie., Growth is a Measure of >> Success) >> >> >> >> "The real GDP per capita of an economy is often used as an indicator >> of the average standard of living of individuals in that country, and >> economic growth is therefore often seen as indicating an increase in >> the average standard of living." - >> http://en.wikipedia.org/wiki/Economic_growth#Origins_of_the_Concept_an >> d_Theories_of_Economic_Growth >> >> >> >> >> >> It is well known natural systems do not operate this way. >> >> >> >> A system is defined as a collection of interacting objects. The Earth >> and its atmosphere defines the Earth system. A system consists of >> three basic elements: (1) a functioning set of components, (2) a flow >> of energy which powers them, and (3) a process for the internal >> regulation of their functioning called feedback. Most systems tend >> toward a state of equilibrium where system inputs are balanced by >> system outputs. Though natural systems change over long periods of >> time, on the scale of a human lifetime they appear to be static. In >> reality, the state of natural systems oscillates around a mean >> condition - a state known as dynamic equilibrium. (Trewartha, et. >> al., 1977). - >> >> http://www.uwsp.edu/geo/faculty/ritter/geog101/textbook/earth_system/n >> atural_systems.html >> >> >> >> >> >> It is understood the model is already flawed. >> >> >> >> "The flaws of GDP may be important when studying public policy, >> however, for the purposes of economic growth in the "short" long run >> it tends to be a very good indicator (in the very long run it is >> greatly distorted by the large changes in relative prices and sectors >> in the economy). There is no other indicator in economics which is as >> universal or as widely accepted as the GDP." - >> >> >> >> http://en.wikipedia.org/wiki/Economic_growth#Origins_of_the_Concept_an >> d_Theories_of_Economic_Growth >> >> >> >> >> >> Greater thinkers than I have missed the obvious or proceeded to >> perpetuate a myth of "greed is good". The premise is obviously false. >> The deception is for profit and the fallacy is fraud! > > They think they can have infinite growth on a finite planet. They are > crazy. > > -- > Crazy or complicit?[ Auf dieses Posting antworten ]