A New Kind of Global Marketplace

What if we were to implement this one simple idea: true cost?

Kalle Lasn
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15 Jul 2009
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56 comments

true cost economics

What is the real cost of shipping a container load of toys from Hong Kong to Los Angeles? Or a case of apples grown in New Zealand to markets in North America? And what is the true cost of that fridge humming in your kitchen, that car purring on the road or that steak sizzling on the grill? Practically every one of the products we buy in the global marketplace is undervalued because the environmental costs haven’t been taken into account.

Editorial

Paradigm Lost

Adbusters
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15 Jul 2009
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1 comment

We are a colony of maggots, feeding off nature’s bloated corpse while economic policy makers soothe our troubled minds with lies. Not to worry, they tell us, things will get better – we’re making progress – the key is more liquidity, more stimulus, more credit, more consumption, more growth.

It’s time call their bluff.

Editorial

Fulfillment Paradox

We consume three times more than our grandparents – why aren’t we happier?

Ian Bullock
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14 Jul 2009
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5 comments

On a Tuesday morning in June, a Vancouver man named Salim and his beloved decided to get married. They tracked down a minister and a few hours later in Choklit Park, realized they needed a witness. I was crossing the street when I saw three people waving me over. “Sorry, I’ve got a meeting,” I said, when they asked me to help. “It will take five minutes,” the minister assured me.

Article

The Creative Destruction of G8 Economics

A plan to shift the theoretical foundations of our global system.

Steve Keen
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08 Jul 2009
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7 comments

G8 Family Photo – Downing Street

The most important thing that the global financial crisis has done for economic theory is to show that neoclassical economics is not only wrong – it’s dangerous.

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