As we continue to fuel our all-important economic growth we begin to realize more and more that it has done all the good it can for us. In fact, it has started to become uneconomic growth; a growth that actually costs us natural capital (resources) and man-made capital (products). The costs of growth now outweigh the benefits.
Today’s neoclassical economists will have you believe that reduction of natural capital (resources) can be replaced with man-made capital. However, this is not true because in order to create man-made capital you require natural capital. Therefore, natural capital should be maintained as it is the limiting factor for man-made capital.
Continue reading “Natural vs Man-Made Capital”
Brian Czech, in his book Shoveling Fuel for a Runaway Train, emphasizes the importance of assigning the most wasteful, destructive people in our gluttonous economy with both a name and a stigma. This portion of our population, generally the top 1% in the economy, are given the title of the Liquidating Class. This title comes from their actions – as they use up, or liquidate, vast quantities of natural capital for frivolous and extravagant things. This natural capital could be use to feed other people now, put clothing on our own children, and sustain our grandchildren’s lives as well.
Continue reading “The Liquidating Class”