In the previous article here, I reiterated a fundamental problem with mainstream economics. It fails to recognize that all economic activity is a part of, and as dependent on the ecosystem as any other aspect of human activity or the activities of other species. I urged mainstream economists not to let debates about the details of theory distract them from shifting their view to one in which the economy is viewed in its true relationship with nature. If they can do that, they can truly help to save the world by rethinking our approach to economic growth which, as it stands, is degrading the ecosystem and pushing us toward environmental collapse.
It’s not all the fault of the economists 🙂
But it’s not just mainstream economics which has lost sight of it’s connectedness to the ecosystem. The problem with economics is, in part, likely a reflection of a broader societal phenomenon. Recently, I came across a couple of David Suzuki articles which highlight the seriousness of the problem. (more…)