Myth of Perpetual Growth is killing America

– This article is from no less than the Wall Street Journal’s Market Watch.  

– Amazing, isn’t it, that any eight year old could tell you what the problem is with assuming that things can get bigger and bigger when they only have a fixed amount of space to grow in.  

– But, it has taken the mavens of Wall Street until now to smell the coffee.

– Dennis

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Commentary: Everything you know about economics is wrong

SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, everything you know about economics is wrong. Dead wrong. Everything. The conclusions of economists are based on a fiction that distorts everything else. As a result economics is as real as one of the summer blockbusters like “Battleship,” “The Avenger” or “Prometheus.”

The difference is that the economic profession is a genuine threat, not entertainment. Economics dogma is on track to destroy the world with a misleading ideology.

Why? Because all economics is based on the absurd Myth of Perpetual Growth. Yes, all theories and business plans based on growth are mythological.

Economists are master illusionists who rely on a set of fictions, fantasies and forecasts that emanate from a core magical mantra of Perpetual Growth that goes untested year after year.

And yet it’s used to manipulate the public into a set of policies and decisions that are leading the American and the world economy down a path of unsustainable globalization and GDP growth assumptions that will self-destruct the planet.

– More…

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