On The Fault Lines of Change: Globalization-v-Localization
adUnit = document.getElementById("google-ads-S3Df");
google_ad_client = "ca-pub-1897954795849722";
adUnit = document.getElementById("google-ads-S3Df");
adWidth = adUnit.offsetWidth;
if ( adWidth >= 999999 ) {
/* GETTING THE FIRST IF OUT OF THE WAY */
} else {
google_ad_slot = "0";
adUnit.style.display = "none";
}
By Julian Rose
Virtually everything that conventional wisdom teaches about ‘economics’ is undergoing changes of an almost seismic nature at this time. Albeit mostly beneath the surface of superficial day-to-day activities.
The old model, which is still being forced along the aging and unbending tracks of tunnel vision determinism, teaches that ‘economic growth’ is the be-all and end-all of planetary prosperity. Never mind that it is quite literally ‘costing the Earth’ – and will require another five Earths if all seven billion citizens are to achieve the supposed goal of attaining a ‘standard of living’ equal to that of post-industrial countries like Northern Europe.
Yet, according to its protagonists, an eternally expanding globalized economic marketplace remains the only valid prescription for this long suffering and deeply wounded planet. They still adulate notorious figureheads of the past, such as Adam Smith and John Maynard Keynes, neither of whose visions of a sustainable economic order have proved equal to the actual task at hand.
The best way to visualize the activity of a marketplace which deals in finite planetary resources as though they were infinite, is a man in a tree steadily sawing off the branch he is sitting on. And yes, he’s three quarters of the way through that branch at the time of going to press.
But there is another paradigm pushing its way up through the morass of discarded steel and concrete which constitute the scrap heap of Earth’s economic order; and that is an altogether different baby, with its roots in pre-industrial revolution practices where the land and its resources were regarded with respect and awe, and held to be essential to the health and well-being of all who engaged with them.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1470694951173-5'); });
(deployads = window.deployads || ).push({});