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Mark Anderson's avatar

I just finished taking my first Macroeconomics class and was struck by a subtle yet glaring contradiction. Economics was described as a means to allocate finite resources to satisfy infinite wants. Yet, continued economic growth was touted as desirable, necessary and natural. But doesn't continued growth accelerate the rate of resource depletion? Meeting increased demand requires increased resource extraction, obviously. All the "market forces" or Smith's " invisible hand" can be distilled to one thing, the bottom line. All driven by the capitalist paradigm of "recklessly exploit, excessively consume, carelessly discard"

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Patricia Block's avatar

An eye-opening must read post. Thank you.

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