Archive for June, 2010
“People-First Economics covers everything from the green revolution and feminist economics to what we can learn from history and a ten-step economic detox. In doing so, it provides the opportunity to rethink what really matters in life.”
Great Read! Three journalists who I personally am a fan of. The ideal economy from a socially savvy standpoint would be, as they put it, a “people first” economy. It’s only logical for one to ask her/him self: “why don’t we have a ‘people first’ economy?” We’ve been around here for at least 200,000 years, that we know of and we just can’t seem to create an heir of fair.
While this book does a great job of identifying and reporting our human potential and the technological zeal that is beyond transformative, the journalists don’t discover the intrinsic flaws that plague our technological society.
Market economics cultivates protectionist incentives. If my last statement didn’t make any sense…lol…I mean: One would have to take an opportunity from another, in order to procure some relative success. Over the past 200,000 years we’ve never known the kinds of abundance that modern technology yields. So, the idea of “enough” takes some getting used to.
Of course the authors in this book can afford to recognize the abundant resources and ill allocation of them among the world’s wealthy…because they not only charge a premium for their thoughts and reporting, they protect them. They are obligated as publishers of their material to protect it from infringements (by law). I”m bound by the same laws…I couldn’t even entertain a publisher until a got rid of my no rigid ownership policy.
If Ransom, Klein, and Bello want to see their ideal world exist, they’ll need to start with a fundamental change in how human kind discovers, develops, and deploys ideas. Concepts like ownership and intellectual property protection, provide incentives for individuals to build barriers for others to participate, well. Protectionist virtues create the necessary scarcity that stifles human potential (discovery, development, and deployment).
Mr. Hofmeister does a wonderful job at pointing out some simple solutions to cleaning up the oil spill in the Gulf of Mexico. He states that the GCC countries in the middle east have spills of potentially greater risk and are able to clean them up with “super tankers” and other grouping strategies. He also stated that the US has no political will to pursue middle eastern strategies because of the conflicts with Union guarantees. As Hofmeister tells it, there are solutions readily available. A tragic operational story, indeed.
The only problem that I have with the former executives of these huge companies and political regimes is that they can only afford to become “truth tellers” on non-network television well after they’ve had the potential to influence progressive policy and engineering/economic strategies to save lives and land.
Per individualistic philosophies like objectivism, these “leaders” don’t have incentives to actually protect their consumer constituencies or cater to their consuming longevity. They only have the incentive to protect their profit potential (capital) against predatory arbitrageurs speculating on their industry. The lack of engineering effectiveness that global citizens get access to, relative to the solutions that actually exist is a small percentage I’m sure. If we reference these oil spill reduction technologies that only exist in the middle east and divide them by the number of regions that harbor aquatic drilling efforts, we’d yield a number close to 10%…….protectionism stifles our technological potential.