limitations_of_the_market_system
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limitations_of_the_market_system [2020/11/15 14:05] – [Limitations of the market system] freeworlder | limitations_of_the_market_system [2020/11/15 14:08] – freeworlder | ||
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Though useful, it has many drawbacks, and in today' | Though useful, it has many drawbacks, and in today' | ||
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===== Poverty ===== | ===== Poverty ===== | ||
- | Just under half the human population (3bn) in the world today [[http:// | + | |
+ | Just under half the human population (3bn) in the world today [[http:// | ||
If almost 50% of the planet' | If almost 50% of the planet' | ||
===== Debt ===== | ===== Debt ===== | ||
- | Even in the parts of the world where trade appears to create prosperity, it is backed almost entirely by debt. Since we know most money is [[https:// | + | |
+ | Even in the parts of the world where trade appears to create prosperity, it is backed almost entirely by debt. Since we know most money is [[https:// | ||
If we consider trade as being the best way to operate our society, then the question needs to be asked: why would we have debt? If a trading society and its members thrive on the continual movement of goods and services only, then it follows that debt should be unnecessary. Debt can logically be interpreted as an ' | If we consider trade as being the best way to operate our society, then the question needs to be asked: why would we have debt? If a trading society and its members thrive on the continual movement of goods and services only, then it follows that debt should be unnecessary. Debt can logically be interpreted as an ' | ||
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===== Environmental damage ===== | ===== Environmental damage ===== | ||
- | Since profit and the creation of wealth is the primary driver of economies and behaviour, it follows that other ' | + | |
+ | Since profit and the creation of wealth is the primary driver of economies and behaviour, it follows that other ' | ||
This inevitably leads to widespread destruction of natural habitat, reckless methods of resource extraction, pollution and biodiversity loss. Where our economic drivers continually demand wealth creation, less care is given to things that do not create wealth. This must be considered as the main reason for our crisis in [[https:// | This inevitably leads to widespread destruction of natural habitat, reckless methods of resource extraction, pollution and biodiversity loss. Where our economic drivers continually demand wealth creation, less care is given to things that do not create wealth. This must be considered as the main reason for our crisis in [[https:// | ||
===== Mental health and wellbeing ===== | ===== Mental health and wellbeing ===== | ||
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Currently around [[https:// | Currently around [[https:// | ||
Also, though not backed with hard data, it's not unreasonable to assume that the constant pursuit of financial security is a major contributor to stress in the lives of many low to middle-income earning families. | Also, though not backed with hard data, it's not unreasonable to assume that the constant pursuit of financial security is a major contributor to stress in the lives of many low to middle-income earning families. | ||
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limitations_of_the_market_system.txt · Last modified: 2021/08/04 06:11 by 127.0.0.1