We should try real, free market capitalism, not the monopoly based corporate, govt backed cronyism we have today, free market capitalism where banks are allowed to fail,we are at a very dangerous time for humanity, we have an anti human, extremist bunch of oligarcs, who see everything in terms of their aggrandizement.Human beings are inconsequential to these people, that is why, a few years ago, there were food shortages, not because there was a shortage of food, but because speculators bought up millions of tons of grain and other foodstuffs, this had the effect of raising the price, and incidentally, causing food shortages, which killed many third world peoples.
Modern economics, if you can call it that, is fundamentally flawed. 19th century nonsense. It is reactionary and is not predictive; which is why it is not a science or even scientific. It is based on a reactionary market model instead of one that give us control. One flaw is this value add voodoo concept. Now I do contend value add is important. However a sustainable model that adds value relative to our actual condition, as a whole, determined by real information, rather than fragmented irrational markets, can maintain a sort of infinite growth since it is in balance with the world. However it will also be healthy in times of no progress, growth or value add. The problem is that many view the world as something to be conquered, in stead of what it really is: our home. Furthermore it is the ultimate source of all our resources that we harvest, produce and add value to. We should maximize it not plunder it into a non-producing waste land. Now in a real free market we would not be bound to mindless selfishness which in the long run ironically hurts us. In a real free market our health, future and well being would be factored into our market decisions. No perfect market can exist, however the old, create a dollar as debt driving necessary inflation to keep the pseudo value add GDP going while credit carding the debt against an ever stressed factory we call earth, is madness. Our health, well being, and wealth are inseparably linked with the earths well being. The third industrial revolution will result from the reality of ecological scarcity, and those who take this opportunity to innovate will become wealthy, and those who cling to the old ways, like always, will just complain. Finally, I am not talking about government subsidies, which is part of the problem, or top down centralized control; I am talking about a ground up cultural and economic revolution for real freedom.
