Guide The Wealth of Nature: Economics as if Survival Mattered

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Microeconomics Australia in the Global Environment. Strengths Finder 2. Not for Greens. This Changes Everything Capitalism vs. Item Added: The Wealth of Nature. View Wishlist. Then, beauty mattered enough to shape policy for the public good.

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The designation of National Parks, the protection of our cultural heritage and access to the countryside sat alongside the universal right to education, the NHS and the welfare state. We understood then, as we seem to have forgotten now, that the human spirit is not satisfied by material progress alone.

But it cannot build one which is lovely, one which has savour and depth, and which exercises the irresistible power of attraction that loveliness wields.


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Today when we talk about progress we mean only economic progress, and our measure of that is GDP. So it flatters us into thinking things are going well while we are destroying our long-term future. Over the last century we have lost a vast richness of nature and much of the diversity of our landscape; we have degraded our soils and natural resources. In spite of huge efforts, nature and the beauty of the wider countryside are in a worse state than when the conservation movement set out to protect them.

Add to this the looming pressures of climate change and it is clear we need to do things differently. And here beauty can help us. We seek prosperity, but we need a different kind of progress. There's the Primary which encompasses all the planet's natural resources and services, the Secondary which includes the goods made by humans from these resources and the Tertiary which refers to the financial sector.

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It is this last category that has come to dominate, spinning a web of ever more complex derivative products that have promised the world an endless possibility of wealth pulled from thin air. That is to say, it is based on the promises of wealth from tomorrow's production from resources that likely will not even be there.

The wealth of nature : economics as if survival mattered / John Michael Greer - Details - Trove

Ancient Rome was in much the same financial straights using a debt driven economy that ran aground once actual resources were unable to keep up with demand. In fact it was because of Rome's financial shenanigans that the Christians came up with the part about usury being a sin. I've always wondered why that was so important to the Christians and Muslims and Jews. In the epoch following the Roman empire, people went back to a life without loans and a lifestyle that didn't revolve around money.

Peasants survived on the land they farmed using barter and embraced a feudal lord who offered them protection in exchange for a part of their crops. This was the Middle Ages.

So forget a retirement which is just another construct of the industrial age. Greer is convinced that we are in the twilight of the age of investment. The growth economy simply isn't going to grow anymore to bring in a return. The promise that invested money will outperform the faltering economy of goods and services is simply a publicly accepted fantasy, a faith based system.