Yaba Yaba

what? another blog? you must be joking.

Posts Tagged ‘story of stuff

Bread for the poor or circuses for the rich?

with 6 comments

Justin asks: Global Food Crisis: The Limits of Free Market Thinking? The current tide is definitely a wake-up call. But I think Victor Lebow carries more blame than Milton Freedman or Adam Smith (if you haven’t yet, go see the story of stuff. It gives a lot to think about in this context).

The problem is not with the invisible hand, its with the strong hand, which promotes over-consumption of non-sustainable goods, subsidizes meat production (which feeds much less people per hectare) and prioritizes bio-fuelled humvees over wind-farm powered powered public transport. The problem is not with the economic system (there’s frankly very little difference between one and the other nowadays). The problem is with base values.

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‘Tis the season to be .. shopping?

with one comment

think again.

brilliant. absolutely brilliant. the first work of economics worth 20 minutes of your time in a long, long, time.

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Its what I’ve been feeling is wrong, wrong, wrong with the economic system we live in, but couldn’t say it in such a lucid way. Before you buy those Xmas presents, have a look. and think.

Written by yishaym

December 15, 2007 at 2:43 am