In today’s World, economics is king.
Everyone is talking money and economy, yet none of it is actually even real.
Money now grows faster than the real World and economics is so fundamentally disconnected from the real World that it is destructive.
The economists say, if you clearcut the forest, take the money and put it in the bank, you could make 6 or 7%. If you clear cut the forest and put it into Malaysia or Papua New Guinea, you could make 30 or 40%.
So, who cares whether you keep the forest, cut it down and put the money somewhere else! When those forests are gone, put it in fish; when the fish are gone, put it in computers.
Money doesn’t stand for anything, and money now grows faster than the real World.
Conventional economics is a form of brain damage.
Economics is so fundamentally disconnected from the real World. It is destructive.
If you take an introductory course in economics, the professor in the first lecture will show a slide of the economy, and it looks very impressive …
They try and impress you, because they think, they know damn well that economics is not a science, but they’re trying to fool us into thinking that it’s a real science; it’s not.
Economics is a set of values, that they then try to use mathematical equations and all that stuff and pretend that it’s a science.
But, if you ask the economist, ‘In that equation, where do you put the ozone layer? Where do you put the deep, underground aquifers of fossil water? Where do you put top soil or biodiversity?’ Their answer is ‘Oh, those are externalities.’
Well, then you might as well be on Mars! That economy is not based in anything like the real World.
It’s life, the web of life, that filters water, it’s microorganisms in the soil that create the soil we can grow our food in. Nature performs all kinds of services. Insects fertilize all of the flowering plants. These services are vital to the health of the planet.
Economists call these externalities; That’s Nuts.
Award winning scientist, author, environmental activist, broadcaster, and geneticist, David Suzuki, gives us the thought provoking truth about economics by explaining how conventional economics is a form of brain damage.