(Note, 24 Sept. 2015— For what it’s worth, it seems that the Pope agrees with me. From a CNN article— “Amid criticism that he is overly critical of global capitalism and dismisses its place in lifting millions of people out of poverty, Francis acknowledged that ‘business is a noble vocation, directed to producing wealth and improving the world.’ But he cautioned that wealth should be shared and geared to “the creation of jobs as an essential part of its service to the common good.” …Which is right in line with my point here.)
I have “liked” several groups and organizations on Facebook that promote sustainability, and I enjoy perusing their posts as they pop up from time to time. But, as I read the items that they share, it is continually apparent that many, many thinkers on the left edge of the environmental movement have no fundamental understanding of economics. And I’m not talking about arcane elements of high finance here, but rather basic, fundamental, immutable economic principles that should be informing their thinking, but aren’t. To attempt social and environmental solutions that fly in the face of these principles is often a fool’s quest, or, at best, misguided efforts to “reinvent the wheel”.
Take this article, for example, that I saw yesterday— Continue reading