‘Dramatically Poisonous’ Economy Heading to ‘Catastrophic’ Collapse, Says Acclaimed Economist
Manfred Max-Neef
The economy is to serve the people, not the people to serve the economy — Manfred Max-Neef
Human World Order
Activist Post
Acclaimed economist Manfred Max-Neef, author of the award-winning book From the Outside Looking in: Experiences in ‘Barefoot Economics’ recently appeared in a must-see interview on Democracy Now where he says a second, more catastrophic crisis is unavoidable because our economic model is “dramatically poisonous.” Max-Neef explains that “Greed is the dominant value today in the world and as long as that persists, we’re done!” But he doesn’t just mean done economically, he means done as a species.
Going beyond facts and figures to describe economics, his philosophy is based on a macro-world view, where he accounts for the biosphere, human creativity, security and happiness, and life in all of its manifestations. He reveals that the majority of economists have great knowledge, more than ever before, but they lack understanding. The two differ as, “knowledge is a function of science, whereas understanding is holistic,” explained Max-Neef. Using the metaphor of love to simplify: we may read and accumulate great knowledge about love, but we can never fully understand it until we fall in love and experience it.
His philosophy of humanizing economics, or “Barefoot Economics,” stems from spending years living in and studying the culture of poverty to better understand the economics of it. He concludes that the poverty culture has entirely different principles than our modern culture, where they must depend on enormous creativity, cooperation and solidarity of people. In poverty, “you cannot be an idiot if you want to survive,” he quipped.
He emphatically assures Amy Goodman in the interview that the “next crisis is coming, and it will be twice as much as this one (referring to financial collapse of 2008).” Only for this one, “there will not be enough money anymore — so that will be it!” Even more frightening are his views that the ecosystem may be beyond critical tipping points. He says, “Some important scientists believe that it is definite, we are finished . . . I have not reached that point, but I believe we are close.”
Max-Neef claims the biggest problem is that economists see the biosphere as a subset of the economy, not the other way around, where “economists don’t realize that if the bees disappear, so will he disappear.” In other words, the notion that infinite growth can persist in a finite biosphere is dead wrong. And we may already have reached a point of no return.
When asked what he thinks needs to change, he replied: “Oh, almost everything! We act systematically against the evidences we have.” He believes the economy will “catastrophically” self-correct and a new model must emerge with principles to humanize the economy in balance with the biosphere. His five principles and values to develop a humanized economy are as follows:
- The economy is to serve the people, not the people to serve the economy.
- Development is about people, and not about objects.
- Growth is not the same as development, and development does not necessarily require growth.
- No economy is possible in the absence of ecosystem services.
- The economy is a subsystem of a larger finite system — the biosphere, hence permanent growth is impossible.
The dominant value that is needed to sustain this new economy is, “No economic interest, under any circumstances, can be more important than LIFE in all its manifestations.”
When the engineered collapse comes, we can bet that the corporate-government will offer up their “solutions.” It’s not good enough for the Human World Order simply to oppose tyranny; we must also present logical solutions. Manfred Max-Neef is offering a philosophy to re-humanize the economy. From the ashes of the collapse will come the opportunity to build a new economy based on human principles of valuing all life. Ultimately, he is hopeful because of the amazing human creativity and solidarity witnessed among the impoverished. We shall create our way out of the crisis, but it must take place in an entirely new economic model to be successful.
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always amazed no one comments on anything. Are we just lazy, morons or what?
Does anyone know where the gold actually went that Gordon Brown (the former UK PM) sold at a knock-down price? Also, why he felt the need to sell off the UK gold reserves?
“Are we just lazy, morons or what?”
Ah! The kettle calling the pot black.
Yep. Encouraging debate by insults.
Where are your comments?
The point is, people are smart and use their energies for productive aims.
The current piece has so much nonsense and so little intelligence, people go to the next blog.
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5000 stars for the article. BUT! “It’s NOT, in the Plan”!
(SEE, pages 112 to the end.)
http://theworldsprophecy.com/wp-content/files/100216.Deep.Sleep2.pdf
Norinomics (Humanized Economics)
A New Economic Philosophy with a Human Face
(MY contribution to MY people of MY planet)
An easy route to eliminate economic crisis:
De-linking of economy from economics is the simplest solution to economic crisis, if any, think it over.
Measures for stable economy:
Insulate, do not isolate, economy and economics from GDP, Sensex, Forex and Inflation. This ensures stable economy and also helps in speedy and effective recovery from economic crisis, if any, think it over.
Economy:
Happiness of the people is the real economy of a nation and all other things are traps.
Economics:
The mechanism that makes the people happy is called economics.
Misapprehensions:
GDP, Forex, Sensex and Inflation are not the elements of economy; therefore they cannot measure the economy of a nation.
Economic policies:
Evaluate first, then adopt and finally adapt since economics is a subjective subject with objectives subjective and role-sensitive.
Inflation:
Inflation is the market-exaggerated disproportion in the production, distribution and consumption of goods, services and wealth. Therefore, this planning-sensitive element is not a relevant parameter for effective assessment of the economy of a nation since the imbalances disappear either by planting preventive measures or timely corrective actions or permanently installed system controls for timely actuation of precisely installed regulators.
Economist:
Agriculture is the epicenter of economy, thus, no nation can survive if its farmer is suffering since agriculture and the mechanics of economics are the two reactants rigidly controlling and producing the final product generally being referred to as “Economy”, which too, is directly proportional to the speed at which a nation moves its men, material and money and, is accurately measurable for specifying its index by an economist who has sensibly blended fundamentals with commonsense and constantly qualifying himself as a precise tool for the intended job.
Real asset value of a nation:
Money in circulation is the real asset value of a nation since it is the only asset working for the nation, hence, the higher the better.
Bedrocks of economic growth:
Fair play, benefit-balancing and cooperation are the keystones that accelerate economic growth, disturbing them destroy nations.
Numbers & Digits:
Economists not isolating economy and economics from numbers and digits destroy their nations.
Wealth:
Wealth can neither be created nor destroyed, but it transforms into several forms and possesses enormous potential to alter the dynamics of economics, its misplacement or displacement causes proportionate degree of imbalances in the economy of the nation.
Money:
Money accumulation does not mean wealth acquisition since money seldom measures the strength of a nation or individual, more so, yellow metal.
Cooperation:
Cooperation is the orthocenter of economy and is directly proportional to the need and inversely proportional to the greed of the nations. Nations necessarily viewing cooperation as basic necessity become all-time rich.
Farmer’s Role:
Politicians in power seldom comeback to power by ignoring farmer, politicians aspiring power seldom come to power by ignoring farmer, political parties ignoring farmer do not survive.
Protect sanctity of economics:
Economics becomes Agonymics if self removes economics from social science and merges it with politics to suit. If it happens, economics no more deals with production, distribution and consumption of goods, services and wealth.
Mystery of Economics:
Unlike science, engineering and mathematics – economics can be poured into any vessel of any shape or size. This is the simplicity and fluidity of this volatile subject and the same is the complexity too, thus, the so-called turbulence.
Invasion:
If we invade the fundamental theories & principles of economy and economics, these vital topics become no more understandable.
Cause of economic crisis:
We are adding confusion and complicating economics and economy for supplementing and complementing our interests.
Cost of Nothing:
Nothing is free in this world since everything comes from nothing; similarly, nothing is free in this world even though everything comes from nothing.
Cost of Price:
Since everything comes from nothing, the initial cost of everything is zero, as the value adds up, so does the price.
Nation’s Health:
Wealth is not a measure of nation’s health.
Speed Means Growth:
The economic growth of a nation is directly proportional to the speed at which the nation moves its men, material and money. However, safety and cost-effectiveness are vital considerations.
Wear:
Wear is the single largest employer of our world. Also, it is the biggest controller of economy and economics of our world.
Change:
Only a change can change a change and change alone can challenge a change along with the inevitable uncertainties associated with every change. These are the real challenges of life for the present and future generations.
Uncertainties:
Uncertainty is more certain and more inevitable than the most inevitable change and challenges. Thus, entrepreneurs must be more vigilant than never before since emerging technologies demanding abrupt changes need abnormal potential to absorb changes and challenges associated.
Governance:
Business is not the business of the government. Therefore, nations must not involve in any commercial activity since their only business is governance, policy making, administration, safety and security of the people, food and health security, draught and flood control, conservation of wildlife and forests, pollution and inflation control, infrastructure development, environmental protection, public service, standardization, rationalization and simplification of rules, regulations and procedures.
Source of smiles:
Good people give smiles, other give tears.
Life:
Life is uncertain because death is certain.
Distribution of Strength & Stamina:
God gives strength to men and stamina to women.
Truth:
We seldom seek truth since we are comfortable with facts.
God:
God is universal. So, He is not different for different people. If God is different for different people, HE is no more a God.
Ideas:
Ideas are more valuable than ideologists since every idea is a spontaneous overflow of powerful feelings and carries the potential to change the world.
Rules:
If rules are not simpler, bitter will be the result.
Decisions:
Woman knows where the shoe pinches most; therefore their involvement is vital in decision-making process.
Impossibilities:
Nothing is impossible since impossibilities are time-sensitive and person-sensitive; therefore, let us continue to chase for solutions.
Failures:
Willing to fail puts life on positive mode, unwilling to fail causes distress, disease and death.
Nothing:
No one has the potential of doing nothing since doing nothing is unachievable, but the dead can do it, thus, impossibilities are not only time sensitive, person-sensitive, position-sensitive and place-sensitive, but also, state-sensitive. This is called “Nori Sensitivity Theory /Nori State Theory (NST)”.
Tomorrow:
Tomorrow is not there for animals and other forms of life that are wiser than human beings. For reasons best known to us, we did not buy this philosophy and therefore, we became unwise. Thus, we started acquiring things for tomorrow ignoring the fact that tomorrow’s existence and its availability to us is entirely in the hands of tomorrow. Finally, we must realize a fact that tomorrow is only in the hands of tomorrow; whereas, today is in our hands, therefore, let us contribute something today instead of waiting for tomorrow.
Savings:
If I am saving something for tomorrow, I am depriving someone who needs it today (.) Saving something for tomorrow is depriving someone who needs that something today.
Postponement:
Do it today since tomorrow is too late for a good job.
Spending:
We need to save something for a rainy-day which is bound to come to all of us, one day or the other.
Words:
Words have no meaning of their own since they are subjective and thus, user-sensitive. Hence this world is a battle field for definitions.
Remuneration:
The more you give, the more you get – both remuneration and satisfaction.
Nature (The Greatest Teacher on Earth):
Nations adopting nature’s laws become healthy.
Nori’s Global Peace Pill:
Do not do for others what you do not want others to do for you.
Inseparables:
Body and pain, pain and gain, body and soul, day and night, light and heat, noise and vibration are inseparables. Therefore, do not waste time for this.
Inevitables:
Failure and success are like day and night, ignore them and strive for stability.
Statics and Dynamics:
Be dynamic since nothing on earth is static, including earth.
Cause & Cure of Death:
Death means unwillingness to change.
Our World:
Mad people think others are mad, others think the other way round. No one knows who is really mad since everyone is mad in his own way – this is the real beauty of our wonder-world wonderful enough to keep life going in a wonderfully wonderful manner.
Love:
Love loves the love lovely; the love loved by love loves the love lovely and lovingly.
Progress:
Working against nature is unnatural and abusive, therefore – work along with nature since nature is the greatest teacher with principles as rigid as rigid can be.
Use:
Misuse and abuse are inevitable for things that are in use.
Composition of life:
God fills life with little satisfaction and large dissatisfaction.
Hidden World:
This is a hidden world since everyone is hiding something.
Talent:
Talent gives competency, cleverness gives success.
Perfection:
Never aim at perfection since it is not there.
No one is perfect since everyone is perfecting imperfection.
Perfection is nowhere since imperfection is being perfected everywhere.
Excellency:
Consistency is better than Excellency.
Misunderstanding:
We often misunderstand because it is easy to do so.
Underperformance:
We under-perform since we undermine learning.
Luxuries:
Lust for luxuries lessens life on earth.
End result:
We do not become best by doing our best; we become best only by doing what is required.
Bends in life:
A bend on the road is not a bend in the life.
Nationality:
Humanity is a better tag than nationality.
Oneness:
Oneness is better than own-ness.
Godliness:
Humanity is the manifestation of godliness.
Wisdom:
Commonsense is the essence of all kinds of wisdom and knowledge.
Madness:
Everyone is mad since no one is glad.
Togetherness:
Let us live together since we came alone to this planet and go alone.
Curiosity:
Curiosity causes creativity, create it.
Satisfaction:
Satisfy with earning, not with learning.
Studentship:
Be a student as long you live, this ensures success.
Learning:
Self-teaching is the best way of learning.
Bad Learner:
A poor listener is a bad learner.
Study Campus:
A study campus qualifies to learn outside, pursue it.
Study Results:
Results mostly come from off-the campus learning, promote it.
Time Sharing:
Spare time to share with others.
Inventors:
Inventors may be mad, not inventions.
Welcome Ideas:
Welcoming ideas means inviting inventions, knowledge, progress and prosperity since a closed mouth cannot catch flies.
Problems in progress:
Snubbing ideas means shrinking progress and prosperity.
Commonsense:
Commonsense is the essence of all kinds of knowledge available to human beings on earth. Therefore, commonsense has become the most uncommon commodity on earth ever since the birth of earth. Unfortunately this priceless commodity is becoming more and more uncommon day-by-day, therefore due to its unavailability, we seldom apply this priceless commodity to solve problems of life.
Friction:
Friction is responsible for industrial and population growth.
Every day is a turning point:
Every day we turn a day, whether we work or not.
Teamwork:
No team is strong since a weak man is there in every team. Obviously, failure takes place through the least path of resistance.
Origin of life:
Life originates from friction and fluids.
Progress on earth:
Progress of any kind is impossible without friction and fluids; wear is the single largest controller of economy and economics of our world. It directly affects individuals, institutions, organizations and nations.
Purity:
Nothing on earth is pure since nature believes in doping.
Purpose of life:
The purpose of life is not only to live, also to support others live.
Brain robbery:
Brain robbery is the biggest crime since it involves physical, mental, financial, virtue and morality loss.
Love your society:
Life without love for others is not a life, it something untold by life.
Professional ethics:
Buy ideas, do not copy, also, discourage copying.
Service to humanity:
There is God in every genuine needy, help him to serve Him.
Live to Love:
Life is not for living; it is for loving (human life, animal life & plant life).
Certainty of life:
In life, nothing is more certain than death.
Qualification of work:
A qualitative work does not qualify to work.
Quality Work:
A quantified work is a quality work.
Adjectives:
Adjectives in reports adjourn decisions, omit them.
Do only one thing at a time:
God gave us two eyes to see only one thing at a time, two ears to listen to only one thing at a time, two hands to do only one thing at a time and, two legs to reach one destination at a time. Therefore, the right way of doing many things at a time is to do only one thing at a time.
We get what we deserve most:
We cannot give anything to anyone, at the most, we can deliver something to someone granted by HIM, thus everyone gets what he deserves most, and HE gives us credit for delivering things granted by HIM.
Effect of Failures:
Failure seeds philosophy, changes psychology, imparts maturity and releases poetry.
Life’s live mode:
Live, don’t remain alive since the purpose of life is to live, not to stay alive.
Problems of life:
Man created money and made it powerful too, thus the problems.
Remuneration:
Remuneration is for efforts and results, not for qualification or knowledge.
Knowledge gained by people:
Knowledge, if not delivered, disappears / undelivered knowledge vanishes.
Importance of people on earth:
No one becomes important unless and until someone gives it.
We become important only when others give us importance.
Seeds of progress:
Wise men prefer to wear-out since they believe that – it is better to wear-out than to rust-out. Unless we dissatisfy with the things around, we do not think of something better, thus the achievement of betterment is achieved since – there is always a best way of doing things even it were to boil an egg.
Performance Standards:
Aiming at quality without achieving consistency is absurd. Never discuss quality since the term quality is a relative term, not an absolute term.
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In economics, the majority is always wrong – John Kenneth Galbrait
Without effort, qualification & talent seldom produce innovations … NVSN Murthy
We can’t solve problems by using the same kind of thinking we used when we created them …. Albert Einstein
The energy of mind is the essence of life… Aristotle
Innovation is the central issue in economic crisis …. Michael Porter
All our knowledge has its origin in our perceptions … Leonardo da Vinci
Commonsense is instinct, enough of it is genius … George Bernard Shaw
Knowledge has to be improved, challenged, and increased constantly, or it vanishes … Peter F. Drucker
Special request: Please forward this document to all your friends, relatives, colleagues, seniors, juniors, bosses, students, teachers, general public, public servants, politicians, Senates, Governors, NGOs, charity organizations, policy makers, economists and government authorities.
Dear Sir / Madam,
This is Mr. NVSN Murthy (Nori Murthy), an independent researcher.
My undying commitment and passion for Economy, Economics, Humanity, Society, Writing, Global Oneness, Peace, Progress, Women & Child Welfare and Poverty Alleviation has produced “Norinomics” by yielding the above strenuous observations.
Thus, every quotation becomes an ageless and priceless invention unlike technological inventions that go outdated one day or the other.
Sincerely,
• NVSN Murthy, A temporary visitor on earth serving people and nations as an Independent Researcher, Age: 57, Earthman (Indian), Religion: Peace, Nationality: Humanity.
• A passing visitor on earth melting hearts and merging people through humanity and friendship for causing peace, progress, prosperity and happiness to people and nations since life on earth is a one-time gift of GOD and hence, certainly worth living without causing and inviting tears.
Current address: Asian Soil / Present address: Earth / Past address: Unknown / Future address: Unknown /
Request: Your esteemed award to Norinomics will attract many towards creative writing for a common cause.
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Season’s Greetings & Best Wishes for a Happy New Year 2011.
May God bless the people and all other forms of life on earth with health, happiness, friendship, openness, oneness, humanity, peace & progress.