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Miss Gayle

"In our current system we measure economic growth but not the damages associated with it. In the early 1970s we hit “planetary overshoot”, meaning each year humans consume & degrade more than the earth can repair & reproduce...Our current consumption-based version of Capitalism is also brutal to large swaths of our society. ...People born into, or who fall into, poverty in the U.S are unable to climb back out."

Link: resilience.org/stories/2025-03

They’re Breaking the Economy Cylvia Hayes, originally published by TRANSCEND March 26, 2025 The economy is not a force of Nature or an act of God. It is a set of human-made systems that we tweak and change all the time. Humans invented the economy, which means we could re-invent it. Teaser photo credit: Grand Prairie Farmers Market in Grand Prairie, Texas. An example of relocalization. By Michael Barera, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=79215467 "We live in a culture ruled by the religion of economic growth, driven by ever-increasing rates of consumer spending and consumption. We measure the health of the economy through the Gross Domestic Product (GDP). If GDP is going up all is well; if it’s falling, not so good. But here is the problem, GDP measures the money flowing through an economy but not whether that money is actually making society better off. Under GDP the money spent to keep a child in juvenile jail counts as exactly as positive as the same amount of money spent to educate a child. Spending a fortune to clean up toxic dump sites, oil spills, etc. boosts the GDP. The war machine and prison industry are massive inputs to GDP."
#Economy#Poverty#Capitalism
Mar 26, 2025, 03:58 PM·Public
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