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  •  Two things matter (2+ / 0-)
    Recommended by:
    gmoke, Old Lefty

    1) What you point to -- limitations of real resources, in view of technological capabilities and societal requirements

    and

    2) Money, labor, and time. (OK, that's three more)

    The neoliberal economics which has framed public discussion of these issues -- including what money is and government's role with respect to it -- impose unnecessary constraints on our potential, all for the benefit of a select few. (In this context, you know who those are.)

    You might want to look at these (and other related) links (apologies for not having culled them further) which lay out some approaches within the context of a proper understanding of the modern monetary reality (i.e., a government, like ours, that is "monetarily sovereign") as given by the descriptive economic theory known as "Modern Monetarily Reality":

    • http://pragcap.com/... which offers these tidbits:

    Aside from the obvious constraint of real resources, the autonomous government’s true constraint is never solvency, but inflation. …

    It is the desire to generate improving living standards through the efficient use of resources resulting in the optimization of time. …

    We generate improving living standards through the efficient use of resources resulting in the optimization of time”

    • Bill Mitchell's series on Modern Monetary Theory and environmental sustainability at http://bilbo.economicoutlook.net/...

    There are various other resources at http://neweconomicperspectives.org, including

    • a fun, quick, explanatory video, see the recently published http://neweconomicperspectives.org/....

    • the MMT primer

    Also, see the oft-cited: Seven Deadly Innocent Frauds of Economic Policy

    The key will be to model the dynamics of (1) in consideration of  a proper understanding of (2).

    Modeling under the mistaken assumptions of neoliberal economics will yield a poor understanding.

    United We Understand

    by dorkenergy on Sun Jan 20, 2013 at 08:53:27 PM PST

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