A Glaring Flaw in Economics Dogma Is Being Exposed
More than a century ago, John Muir theorized that ice-age glaciers carved out Yosemite valley into the beautiful rock formations that we see today. Geologists ridiculed him, because he was not trained as a geologist and thus his ideas were heresy. Muir was right, of course, and I doubt that the geologists apologized to him.
Similarly, John Michael Greer is looking at economics from a perspective untainted by economic dogma. He uses organic agriculture, in contrast to industrial agriculture, as his metaphor. He builds on the work of E.F. Schumacher to describe a "primary" economy that is ignored by most economists (which may explain why our economy is such a mess).
I've included some excerpts below in the hope that anyone concerned about future generations might click on the link below and read the whole essay. And while you are there, read the comments. His audience has some great questions and insight, especially on the topic of the value of land and organic farming.
Link: The Archdruid Report: The Wealth of Nature.
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