Progressive economists are rethinking markets
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But if today’s headlines have displaced slower-moving ecological catastrophes, like shrinking freshwater supplies and runaway climate change, we need to remember how tightly our environmental, economic, and social crises are connected. Our global eco-nomic system, which balances market fundamentalism for most with corporate welfare for the few, is threatening human life on a massive scale.
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Yet for all these ironic twists, when you listen carefully to talk of the economy during this Canadian and US election season, whether it’s Stéphane Dion, Jack Layton, or Stephen Harper, Barack Obama or John McCain, the scope of reforms being proposed is incredibly narrow. Partial nationalization, credit injections, an orgy of tax credits: though dazzling in their variety and technical complexity, their goal is to save, not transform, the fundamental economic structures we already have — the very system that continues to exacerbate climate change, water wars, and hunger, while stymying our capacity to adapt when we need it most.
Beyond North America, progressive thinkers are reinterpreting how economies work in greater depth while moving toward a vision that neither surrenders to markets nor pretends to avoid them. These thinkers insist that we can imagine organizing our economy in ways that are fair for everyone. Just as important, in the face of a web of global crises, they show how dramatically different public policies can foster a climate of innovation. Still, while they’re grounded in a solid reassessment of history, the authors’ prescriptions remain largely speculative.
-> www.walrusmagazine.com/…
HD » Darn right it is time for economists and politicians to start thinking outside the box to make significant changes to how we organize our civilizations. But first it is time to think outside the box and find a new cliche for that tired old cliche, think outside the box. Any fresh new ideas?
Posted: 25 Apr 2009 | Author: Xander
Categories: Articles: Politics, Books & Authors, Ideas | Comments: No Comments