adding page this day (via peter):
Peter Joseph (@ZeitgeistFilm) tweeted at 1:02 PM on Thu, Jan 09, 2020:
Tired of these seemingly progressive economists talking about social woes; yet they are still loyal to the religion of market economics. Can anyone here name one economist that actually understands what the word means? That doesn’t skirt around the fact markets are anti-economy? https://t.co/tZj7Agfu8Z
markets are anti econ
@Truthdig @RBReich If you don’t see this 7 minute video, you will still believe the capitalist bs.
Original Tweet: https://twitter.com/wladflores/status/1215529897021648896
from 7 min clip – Zeitgeist: Moving Forward (The Market)
john mcmurtry: so one might ask where did it all begin .. what we have today.. this world state of cumulative collapse..
jm: started wth john locke intro’s property.. provisos: 1\ must be enough left over for others.. 2\ must not let it spoil 3\ must mix your labor with it… locke gives powerful defense of private private.. once money came in .. 3 provisos are erased.. ie: money buys labor.. no longer consideration of if it spoils or if any leftover for other..
jm: adam smith adds religion to this.. not only question of private property.. it’s a given..
4 min – jm: one of central notions of econ – how to bring supply and demand into equilibrium.. and smith says it’s the invisible hand of the market.. god is imminent.. system itself as god.. smith – on elimination of children of poor.. inherent racism built in here.. he thought that was how to make supply meet demand and demand meet supply
the equilib we need is in getting back/to an undisturbed ecosystem ‘in undisturbed ecosystems ..the average individual, species, or population, left to its own devices, behaves in ways that serve and stabilize the whole..’ –Dana Meadows
5 min – pj: original intent of market was based around real, tangible, life supporting goods for trade.. adam smith never fathomed that the most profitable econ sector on the planet would eventually be in the arena of fin trading.. investment.. where money is gained by the movement of other money.. in an arbitrary game which holds zero productive merit to society.. regardless of (smiths) intent.. door wide open.. money treated as a commodity in and of itself..
pj: today in every econ of the world.. regardless of the social system they claim..money is pursued for the sake of money and nothing else..
6 min – jm: there’s a complete confusion in econ doctrine between those two sequences.. they think that the money sequence of value delivers the life sequence of value.. that’s why they say more goods are sold if more gdp’s rise and so forth.. therefore more well being.. take gdp to be basic indicator of social health.. dealing with a structured delusion that becomes more and more deadly as the money sequence decouples from producing anything at all.. so it’s a system disorder and the system disorder seems to be fatal
ie: ubi as temp placebo..
get us back/to us
David Bollier and Silke Helfrich’s book on the Commons have been getting a lot of positive reviews, no doubt deserving. I have not read it myself, since I have read too many general books on the commons. BUT, it is important to realize that this view of the commons as *totally separated from the market, is not the one that I and the P2P Foundation have defended. Sure, it is in many contexts interesting to keep the commons separate from the market, as it avoids crowding out effects. BUT, it is also very unrealistic and it keeps the commons marginal vis a vis from mainstream society.