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Towards full-world economics
1Some politicians and pundits continue to labour under the delusion that "our way of life is not negotiable." One could point out that the laws of nature are not proposing to "negotiate" on the subject of resource scarcity, any more than the laws of nature will pause to "negotiate" your rate of descent from a very tall building if, midway down, you regret jumping off the roof (nor - and more to the point - will the laws of nature "negotiate" on the subject of your abrupt cessation of descent at the bottom of the building).
I am reminded of Richard Feynman´s
For a successful technology, reality must take precedence over public relations, for nature cannot be fooled.


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Tue Aug 18th, 2009 at 04:23:56 AM EST
Of course. This is called being reality-based.

Homo Oeconomicus is not reality-based, by definition. The whole point of economic activity is to cheat the restrictions of reality and to maximise personal resource use. Excessive resource consumption and freedom from legal, moral and physical consequences is the entire point of wealth capture.

It's the most important sacrament of the capitalist religion. So in fact - and in reality - capitalism is rooted in the principle that the restrictions of physical and moral reality must only apply to the minimum possible extent to those individuals who define themselves as successful.

As long as you can buy something, you should be able to buy it, irrespective of the consequences.

As long as you can exploit something or someone, you should be able to exploit them.

It's incredibly stupid and brutal. But it's also the dominant Washington and Wall St religion.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Aug 18th, 2009 at 07:39:58 AM EST
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ThatBritGuy:
It's incredibly stupid and brutal. But it's also the dominant Washington and Wall St religion.

it's also primitive and barbaric, as inhuman as ancient hegemonies like the aztecs, to whom symbols also trumped the value of human life.

'evil' is not too strong a word, imo.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Aug 18th, 2009 at 08:31:05 AM EST
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En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Thu Aug 20th, 2009 at 05:00:43 AM EST
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