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The Great Dereliction

The Great Dereliction | Positive futures | Scoop.it

"What we've got, then, is a great dereliction: leaders who are incapable of fixing the broken institutions that are creating a lost generation, a planetary meltdown, a never-ending series of financial crises, mass unemployment, and a(t least another) lost decade. You'd think with all those icons blinking in the heads-up display, our leaders would act at least a little, well, concerned. But mostly, they seem to be clueless."


Via Willy De Backer
David Hain's insight:

As usual passionate and well argued input from Umair Hacque.

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Willy De Backer's curator insight, June 24, 2013 10:21 PM

Umair Haque's indictment of today's so-called 'leaders' is spot on.

Antoine Moore's comment, July 3, 2013 6:55 PM
I agree there is a problem with leadership. I think, in particular, many leaders (especially political leaders) do not want to be bold and risk stepping in front of public opinion. On the other hand, the article is too simplistic for me. I think that individuals' actions are also shaped by larger institional structures and forces. And I think our culture has shifted quite a bit too. People are a lot more self-righteous and a lot less willing to compromise and accomodate or even LISTEN to alternative points of view. Our "followers" have become more balkanized and I think, in this contex,t leading is so much harder to do.
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Jeremy Grantham: ‘Welcome to Dystopia’: We Are ‘Entering A Long-Term And Politically Dangerous Food Crisis’

Jeremy Grantham: ‘Welcome to Dystopia’: We Are ‘Entering A Long-Term And Politically Dangerous Food Crisis’ | Positive futures | Scoop.it

"We are five years into a severe global food crisis that is very unlikely to go away. It will threaten poor countries with increased malnutrition and starvation and even collapse. Resource squabbles and waves of food-induced migration will threaten global stability and global growth. This threat is badly underestimated by almost everybody and all institutions with the possible exception of some military establishments."

 

Joe Romm summarises the latest article by guru investor Jeremy Grantham in his Quarterly Newsletter. "The global economy is a Ponzi scheme".


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When Growth Outpaces Happiness

When Growth Outpaces Happiness | Positive futures | Scoop.it
It is startling to find that Chinese people’s feelings of well-being have declined in a period of such momentous improvement in their economic lives.

 

Richard Easterlin in NY Times: China demonstrates that "growth alone, even at sustained, spectacular rates, has not produced the kind of life satisfaction crucial to a stable society — an experience that shows how critically important good jobs and a strong social safety net are to people’s happiness."

 

Another piece of evidence that it is time for a new economic and social development model.


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Building a civil economy

"The current crisis of global capitalism provides a unique opportunity to chart an alternative to the complicit collusion of central states and free markets that characterise liberal political economy. From this perspective, the proposed shift of focus from a self-interested pursuit of power or wealth (or both at once) to the quest for the common good opens the way for transforming modern economics. The alternative that this essay has outlined is a ‘civil economy’ whereby markets and states are embedded in the social relations and civic bonds that constitute society."

 

At OpenDemocracy Adrian Pabst sketches the contours of an alternative economy beyond free market and state, beyond austerity and neo-Keynesianism.


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