Tuesday, April 10, 2012

Myth of "Responsible Capitalism"

This is a profound look at the problems of capitalism:

Eric Hobsbawm: The myth of "responsible capitalism"

http://climateandcapitalism.com/2012/04/08/eric-hobsbawm-the-myth-of-responsible-capitalism/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+climateandcapitalism%2FpEtD+%28Climate+and+Capitalism%29

On the same page there is a ink to "Capitalism and Degrowth—An Impossibility Theorem":
http://climateandcapitalism.com/2011/01/11/capitalism-and-degrowth-an-impossibility-theorem/

This programmed-in emphasis on growth as a part of the economy is, in my opinion, one of the key flaws in any viable economy, and certainly contradicts the view that our own economy is a free market. I don't believe it is. It is an economy carefully planned in every way around a false idea of growth as a necessary condition for money-lending activities.

Our society is simply "planned" in a different way, around the sacrosanct principle of continual growth.

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