A New Paradigm in Economics
Day 2,339, 15:34
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Published in United Kingdom 
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by
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by J.R. Neumeier
Dear Comrades,
It's time for a new paradigm in economics. This neo-liberal has failed humanity and rewarded the inhumane of unnatural means. What could this new economics perspective be? Will it be focused on maximising GDP growth and raising per capita household incomes? I'm afraid not.
This new perspective must be humanistic economics; where instead of measuring improved economic conditions is not based on GDP growth, how well the stock-market is doing, nor housing prices, but of how the bottom 'rung' of society manages to subsist. When an economist from the States meets with a indignant farmer in Argentina, who in addition to trying to sell enough of their food in order to pay their bills, but also forages to actually feed their family, does the economist say "Look on the bright side, the country's GDP grew by 5% this year"?
This grassroots approach to economics will eventually take over the dominant position of classical economics, that GDP growth no matter who it most positively affects still is what is desirable; or in more contemporary and scientific terms the demon is called trickle-down economics.
This trickle-down economics has been the dominant societal focus when it comes to economics for decades now, and has been advocated for by the right-wing'ed parties of our lands. While this economic focus has justified the rising yachts of the bourgeoisie, it has thus ultimately justified the ever-slower rising canoes of the proletarians. As the richer get richer, at say... the pace of 1.00 per year, the non-rich also follow suit, but at near 0.20 per year. And this is not expected to get any better, with our Gini co-efficient only increasing.
And this trend is unsustainable. With the world population increasing at a rate of 1.14% per year, and the next billion to be reached in the spring of 2024 (a good decade from now), natural consumption is expected to increase consequentially, but furthermore unnatural consumption (unnecessary and consumerist consumption) is expected to rise at a faster rate than natural consumption as more of the earth's nations begin to industrialise. Resource wars, overpopulation, environmental degradation, and over-consumption are all problems this century will have to stop hiding from and begin to face, and it doesn't appear any government out there is ready to face it.
'Radical' parties are ignored now, but in the future when these problems become more and more evident, the public will have wished they supported these parties while they still were not disasters ready to wreck havoc on the world. They shall look back, if they made such a mistake in the first place, and wish they had taken heed of the platforms espoused, such as the Populist Party's banking regulation proposals in the 1900s that would have drastically reduced the impact of the Great Depression.
This human economics will be, one day, the wave of the future, and I hope that I will be around to see it become doctrine to the world's economists of the future.
Struggle and Prosper! ~
J.R. Neumeier, the Democratic Socialist Party President
It's time for a new paradigm in economics. This neo-liberal has failed humanity and rewarded the inhumane of unnatural means. What could this new economics perspective be? Will it be focused on maximising GDP growth and raising per capita household incomes? I'm afraid not.
This new perspective must be humanistic economics; where instead of measuring improved economic conditions is not based on GDP growth, how well the stock-market is doing, nor housing prices, but of how the bottom 'rung' of society manages to subsist. When an economist from the States meets with a indignant farmer in Argentina, who in addition to trying to sell enough of their food in order to pay their bills, but also forages to actually feed their family, does the economist say "Look on the bright side, the country's GDP grew by 5% this year"?
This grassroots approach to economics will eventually take over the dominant position of classical economics, that GDP growth no matter who it most positively affects still is what is desirable; or in more contemporary and scientific terms the demon is called trickle-down economics.
This trickle-down economics has been the dominant societal focus when it comes to economics for decades now, and has been advocated for by the right-wing'ed parties of our lands. While this economic focus has justified the rising yachts of the bourgeoisie, it has thus ultimately justified the ever-slower rising canoes of the proletarians. As the richer get richer, at say... the pace of 1.00 per year, the non-rich also follow suit, but at near 0.20 per year. And this is not expected to get any better, with our Gini co-efficient only increasing.
And this trend is unsustainable. With the world population increasing at a rate of 1.14% per year, and the next billion to be reached in the spring of 2024 (a good decade from now), natural consumption is expected to increase consequentially, but furthermore unnatural consumption (unnecessary and consumerist consumption) is expected to rise at a faster rate than natural consumption as more of the earth's nations begin to industrialise. Resource wars, overpopulation, environmental degradation, and over-consumption are all problems this century will have to stop hiding from and begin to face, and it doesn't appear any government out there is ready to face it.
'Radical' parties are ignored now, but in the future when these problems become more and more evident, the public will have wished they supported these parties while they still were not disasters ready to wreck havoc on the world. They shall look back, if they made such a mistake in the first place, and wish they had taken heed of the platforms espoused, such as the Populist Party's banking regulation proposals in the 1900s that would have drastically reduced the impact of the Great Depression.
This human economics will be, one day, the wave of the future, and I hope that I will be around to see it become doctrine to the world's economists of the future.
Struggle and Prosper! ~
J.R. Neumeier, the Democratic Socialist Party President
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Comments
So... what're you going to do in-game then?
You'd maybe do all right as an IRL political party, but here there's no way of measuring "GDP growth" so you've just wasted your time.
Perhaps I should have put a disclaimer that this was intended to be for IRL, and not in-game; just thought I'd bring a real life conversation to the "in-game".
So time... not wasted. 🙂
time...still wasted. No one gives a shit about RL in this game 😛 So unless you can solve the in-game economic problems you should probably take your convo to a website that talks about RL issues.
that sounded rude. wasn't meant to be rude 😛
Well, perhaps to you "no one gives a shit about RL in this game", but I am hoping to convert some of those people to seeing this game not only as an escape from real life but also a slight remembrance of the problems we face in real life, because without the "RL", we don't have all of this. 🙂
"'Radical' parties are ignored now, but in the future when these problems become more and more evident, the public will have wished they supported these parties while they still were not disasters ready to wreck havoc on the world. They shall look back, if they made such a mistake in the first place, and wish they had taken heed of the platforms espoused" x2
Reality is never radical , nor non sustainable, it will just happen.