Richard Wolff at Left Forum 2015: Marx: The System is the Problem

[HoosierCowboy]

6. No matter what economic system it is...

Last edited Sun Jul 5, 2015, 10:56 AM - Edit history (1)

...if it destroys it's own life support system, it's just a matter of time before it fails. Why did Rome fail? Not because of injustice or corruption, injustice and corruption are SOP for any hierarchical system above the tribal level.

Rome fell because it destroyed the ecology of it's food production system. Droughts ensued, and the rest is history.

Any intelligent system of economic distribution needs to put the protection of it's life support as it's number one priority. The system that does this will be the one that survives.

..and

The one paradigm that will destroy any economic system is that of unlimited growth. No life support system can handle an infinite amount of demand on itself, and that's where these systems all go wrong.

..and no economic theory has ever NOT had the idea of infinite growth or living within its means.