markets, like gardens, must be tended, that the market is the greatest social technology ever invented for solving human problems, but unconstrained by social norms or democratic regulation, markets inevitably create more problems than they solve.
The new economics must and can insist that the purpose of the corporation is to improve the welfare of all stakeholders: customers, workers, community and shareholders alike.
And which of the findings are new? — ssu
Now, I want to emphasize that this new economics is not something I have personally imagined or invented. Its theories and models are being developed and refined in universities around the world building on some of the best new research in economics, complexity theory, evolutionary theory, psychology, anthropology and other disciplines. And although this new economics does not yet have its own textbook or even a commonly agreed upon name, in broad strokes its explanation of where prosperity comes from goes something like this.
Surely there is a need!Perhaps there was need of a reminder. — Banno
First, successful economies are not jungles, they're gardens —
Thus he uses his vast wealth “to build narratives and to pass laws that will require all the other rich people to pay taxes and pay their workers better”, thereby increasing state power at the expense of private property and wealth. — NOS4A2
Kev
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↪Outlander Absolutely. When you remove the floating abstractions (namely the concept of capital) it's pretty hard to argue against capitalism. — Kev
Isn't 'state power' the only thing that protects people from corporations? Power has to be somewhere. Where do you want it to be?
When you remove the floating abstractions (namely the concept of capital) it's pretty hard to argue against capitalism. — Kev
It is no surprise then that his “gardening” is to be delivered through the formal means of social control, enforced by the monopoly of violence, and not through voluntary cooperation. Thus he uses his vast wealth “to build narratives and to pass laws that will require all the other rich people to pay taxes and pay their workers better”, thereby increasing state power at the expense of private property and wealth. — NOS4A2
Just as it is to stop people from competing. Especially when money (resources) or women are involved. It's just human nature. — Outlander
But the argument that is currently most believable to me - in this very shaky feeling time - is that we are never going to make a well-designed step backwards into any kind of Green utopianism. The gardening metaphor. That is impossible because thermodynamics is a ratchet - a flow that only has the one direction that spells "growth". — apokrisis
Fortunately these days that just means being outvoted. lol — Outlander
But where I have changed my own position is on having any certainty as to which way the system will go. — apokrisis
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