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View Diary: The End of Wall Street: a Steady-State Economy (79 comments)

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  •  We're missing a step. (1+ / 0-)
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    I'm no economist or engineer, but I've long known capitalism cannot exist forever on a finite planet because of its insatiable need for growth.

    Yet I've had a hard time convincing anyone of this very basic fact.

    It's important that when we enter the discussion that we do have an alternative vision, and a"steady state" system is obviously what we require.  Thanks very much for this diary, for it gives me an inkling of a way out of the mess we're in

    But is this even being discussed in economic circles?  Don't we need a majority to agree with the first assumption that capitalism cannot run long term before we can even begin to try and ease ourselves into another system?

    My despair these days is that we are too, too late with it all.  The parasitism of a sickly capitalistic system is already in evidence, the planet is sick and perhaps unrecoverable in the long run, and the polarization of public sentiment so rigidly formed that it seems impossible to lay in even the most mild of solutions.

    Sigh, now I'm depressing myself - but thanks Barath - I was not aware that there was a working theory of an alternate economic system that doesn't fall down the (point a shaking finger) "Communist!  Socialist!" rabbit hole.

    Government of the people, by the people, for the people, shall not perish from the earth - Abraham Lincoln

    by Gustogirl on Mon Oct 10, 2011 at 11:19:52 AM PDT

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