Good thread...which means it won't last very long, unfortunately.
I'll add something that baffles me:
The reliance and even worship of the free market, it seems, is predicated on the need for continued economic growth. In a closed system - there are only so many resources, after all - isn't continued growth anathema to sustainable living conditions? I mean, if it's such a horrible thing to have "negative growth" (a hideous euphemism among many in economics), then why don't those who espouse the free market ever do something to prepare for these inevitable reversals? The cycle is called "boom AND bust", isn't it? It seems frightfully nearsighted and narrow-minded to demand continual growth without realizing that recession is inevitable.
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Date: 20/4/10 15:51 (UTC)I'll add something that baffles me:
The reliance and even worship of the free market, it seems, is predicated on the need for continued economic growth. In a closed system - there are only so many resources, after all - isn't continued growth anathema to sustainable living conditions? I mean, if it's such a horrible thing to have "negative growth" (a hideous euphemism among many in economics), then why don't those who espouse the free market ever do something to prepare for these inevitable reversals? The cycle is called "boom AND bust", isn't it? It seems frightfully nearsighted and narrow-minded to demand continual growth without realizing that recession is inevitable.