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Mindsets and Money: Breaking the Grip of Distorted Economics

Mindsets and Money: Breaking the Grip of Distorted Economics | Sustain Our Earth | Scoop.it

"Some businesses are beginning to expand their focus beyond the surprisingly recent, single-minded obsession with maximizing shareholder value. Yet we haven’t solved the core problem, because the game is fundamentally defined by its rules. And markets, for all their agility and elegance, are massively distorted in several critical ways:..."


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Willy De Backer's curator insight, March 10, 3:32 PM

Excellent ideas from Gil Friend on the radical business reforms needed to make our economies sustainable.

Eli Levine's curator insight, March 11, 9:24 AM

I've been saying this for a few years now.

 

Money HAS to be put in its place, relative to the biological, social and environmental needs of humanity, in both the short and the long term.  Otherwise, we're going to kill ourselves for what amounts to pieces of cloth rag or digital signatures that we don't honestly need and shouldn't really want, if produced by those methods which kill our society, our environment and, ultimately, ourselves through killing our society and environment.

 

This would all start in the private financial sector which makes the investments and the decisoins as to what gets funded and what doesn't.  Who cares if the return is less, especially if you're still able to make a return?  Why should society and the will of society as expressed through the law tolerate or accept the pathological behavior of a few individuals who have mistaken money for something that they need over their physical, social and environmental needs?

 

Think about it.

 

Because it is a pathological mindset/brain type that's at work here.  It shows in the person's behavior, actions, perspectives and attitudes about all things that relate to them.  They need help, more than anything.  And, I don't think they should have a choice about whether they receive help or not, considering how dangerous their actions are for themselves and the rest of us.

 

Think about it.

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The onrushing wave

The onrushing wave | Sustain Our Earth | Scoop.it

Previous technological innovation has always delivered more long-run employment, not less. But things can change


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Christian Verstraete's curator insight, February 3, 1:33 AM

Technology Innovation and jobs.

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Thinking Utopian: How about a universal basic income?

Thinking Utopian: How about a universal basic income? | Sustain Our Earth | Scoop.it

Though establishing a basic income was once at the forefront of politics, it has since become more of a Utopian, abstract project. But sometimes it is helpful to step back from the day-to-day wonk work and think Utopian.


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Writing the Future

Writing the Future | Sustain Our Earth | Scoop.it

What does the future hold for the global economy? Will living standards rise worldwide, as today’s poor countries leapfrog technologies to catch up with richer countries? Or will prosperity slip through our fingers as greed and corruption lead us to deplete vital resources and degrade the natural environment on which human well-being depends? Humanity faces no greater challenge than to ensure a world of prosperity rather than a world that lies in ruins.


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Japan as the new normal: Living in a constrained economy

Japan as the new normal: Living in a constrained economy | Sustain Our Earth | Scoop.it

A few nations and communities are already moving in the direction of a steady-state economy. Sweden, Denmark, Japan, and Germany have arguably reached a situation in which they do not depend on high rates of growth to provide for their people. This is not to say these countries have only smooth sailing ahead (Japan in particular is facing a painful adjustment, given its very high levels of government debt), but they are likely to fare better than other nations that have high domestic levels of economic inequality and that have gotten used to high growth rates.


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The World in 2050

This talk draws on the latest global modeling research to construct a sweeping thought experiment on what our world will be like in 2050. The World in 2050 combines the lessons of geography and history with state-of-the-art model projections and analytical data-everything from climate dynamics and resource stocks to age distributions and economic growth projections.


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Jeremy Rifkin: The Third Industrial Revolution

Every industrial revolution is spurred by a shift in both energy and communication technology. Author and economist Jeremy Rifkin says we are on the precipice of a Third Industrial Revolution combining renewable energy and the internet. He joins Piya Chattopadhyay to discuss the possibility of hundreds of millions of people producing their own green energy in their homes and sharing it with each other in an "energy internet."


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Suddenly, quantitative easing for the people seems possible

Suddenly, quantitative easing for the people seems possible | Sustain Our Earth | Scoop.it
As some of the world’s top central bankers start to admit that standard quantitative easing is failing to generate growth, previously taboo ideas can be mentioned, including QE for the People, discussed here last week.

 

Interesting and provocative ideas from financial economist Anatole Kaletsky (author of "Capitalism 4.0"). Give the new money created by central banks to the people instead of the banksters.


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Malthus, Marx, and Modern Growth - Kenneth Rogoff identifies several obstacles to keeping living standards on an upward trajectory

Malthus, Marx, and Modern Growth - Kenneth Rogoff identifies several obstacles to keeping living standards on an upward trajectory | Sustain Our Earth | Scoop.it

The promise that each generation will be better off than the last is a fundamental tenet of modern society. By and large, most advanced economies have fulfilled this promise, with living standards rising over recent generations, despite setbacks from wars and financial crises.

CommentsView/Create comment on this paragraphIn the developing world, too, the vast majority of people have started to experience sustained improvement in living standards and are rapidly developing similar growth expectations. But will future generations, particularly in advanced economies, realize such expectations? Though the likely answer is yes, the downside risks seem higher than they did a few decades ago.


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Are Robots Going To Kill Your Next Job Or Create It?

Are Robots Going To Kill Your Next Job Or Create It? | Sustain Our Earth | Scoop.it

Everyone agrees that some jobs for humans will be lost to robots, and some jobs for humans will be created because of robots. But there is a growing debate about the math. Will the robotics revolution be an aggregate job creator or job killer for humans?


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Why Bitcoin Is Poised To Change Society Much More Than The Internet Did

Why Bitcoin Is Poised To Change Society Much More Than The Internet Did | Sustain Our Earth | Scoop.it

There is a bitcoin craze at the moment, with prices of bitcoin skyrocketing. Bitcoin is still far from ready for prime time, but as it matures, it will change society’s fundamental operations much more than the Internet did. The net, after all, only allowed people to talk and shop more efficiently. By comparison, bitcoin eradicates the government’s ability to operate.


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Juanjo Pina's curator insight, April 4, 2013 1:19 AM

Bueno, comparar una criptomoneda cuyo hábitat es Internet con la misma Internet es como decir que la silla de montar caballos fue más revolucionaria que los caballos. Pero está majo.

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Recession, tech kill middle-class jobs

Recession, tech kill middle-class jobs | Sustain Our Earth | Scoop.it

For decades, science fiction warned of a future when we would be architects of our own obsolescence, replaced by our machines; an Associated Press analysis finds that the future has arrived.


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Mammon’s new monarchs

Mammon’s new monarchs | Sustain Our Earth | Scoop.it

Intelligence agencies seldom take a sunny view of the world. Yet the latest report from America’s National Intelligence Council (“Global Trends 2030: Alternative Worlds”) is rather cheerful. The council frets about threats ranging from cyber-sabotage to nuclear holocaust (in a brilliant piece of understatement it warns that “Russia could become a very troublesome country”). But it argues that the most important trend in the coming decades will be the growth of the global middle class.


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degrowth economy and ecology's comment, January 8, 2013 4:24 AM
keep cool, tunisian middle class is disapearing rapidly (likely to be the same for a lot of other nations) due to the lack of economical and social outlook. Liberal economical guidelines are strong enough to push us for a final clash...
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Seven Themes for the Coming Decade

Seven Themes for the Coming Decade | Sustain Our Earth | Scoop.it

Understanding long-term trends is an important tool in identifying opportunities and risks. STEEP analysis looks at the world through five different perspectives – Social, Technological, Economic, Ecological, and Political.

The following are the major themes that are presently shaping the future...


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Megatrends: Future Paradigms for Business

Megatrends: Future Paradigms for Business | Sustain Our Earth | Scoop.it

Against the broad sweep of human history on this planet the last few hundred years has given rise to astonishing innovations resulting in prosperity for a large proportion of the human family and the accumulation of massive wealth by a small minority.

But as we begin to internalise and comprehend the real costs associated with this remarkable and unprecedented phase of exponential growth and development, there is increasing evidence that a fundamental course correction is needed (at least in the means of production and the rates of consumption) if continued affluence is to remain a viable goal.


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