Yaba Yaba

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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.


‘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