- Mats Kaarbø
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Is Conventional Economics a Form of Brain Damage?
Economists are led to believe that conventional economics is a science and that natural resources and our environment are merely externalities in the economic equation. http://www.youtube.com/watch?v=4NiauhOCfsk
To be fair, capitalism was created under the assumption of scarcity, but we have learned today that scarcity is in fact not an issue. A World Hunger Education Service report (http://www.worldhunger.org/articles/Learn/world%20hunger%20facts%202002.htm) "reveals" that "the world produces enough food to feed everyone." and that "The principal problem is that many people in the world do not have sufficient land to grow, or income to purchase, enough food."
This brilliant video shows the unsustainable mindset we've created in order to keep our economy going: http://www.youtube.com/watch?v=9GorqroigqM&feature=plcp (Viewer discretion, for free-market capitalists, is advised...)
So, is conventional economics truly a sustainable and sane value system that is perpetuating sustainability, caring for our environment and the needs and happiness for the inhabitants?