THE NEW ECONOMY

These changes cannot be made while we retain the present economic system. The fundamental principle in a satisfactory economy would be to apply the available productive capacity to producing what all people need for a good life, with as little resource consumption, work and waste as possible, in ecologically sustainable ways. Our present economy operates on totally different principles. It allows profit max­imisation for the few who own most capital to determine what is done, it therefore does not meet the needs of most people or of the environment, and it seeks to increase consumption and GDP constantly. (For a detailed critical analysis of the economy and of the required new economy see Note 2.)

Updated: October 27, 2015 — 12:08 pm