Abstract
Centralized economics: into oblivion—Socialism’s economic score—The market: the other side of the coin—Hyperconsumption, “easy” money and economic crisis—Competition in nature and society—Natural capital as a limit to growth—Civilization’s overproduction: internal crises and the external crisis—Precedents for state regulation of the market—A global organ for environmental stabilization, responsible to the biosphere.
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Notes
- 1.
Many of the formulations concerning this issue were developed over a century ago by American economist and sociologist Thorstein Veblen in his book, The Theory of the Leisure Class (1899). See (Veblen 2009).
- 2.
Granted, it is not clear why competition in a biota does not lead to the destruction of long-term stability, as we often observe in human societies. The solution to important global problems rests on answering that question, including how to provide sustainability for a civilization based on the principles of competitive (market) interactions. If anyone can manage to work out that puzzle, it would put us much further on the path to sustainable development.
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Danilov-Danil’yan, V.I., Reyf, I.E. (2018). Centralized Economics, the Market and Their “Contributions”. In: The Biosphere and Civilization: In the Throes of a Global Crisis. Springer, Cham. https://doi.org/10.1007/978-3-319-67193-2_5
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