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		<title>Covid-19 and society</title>
		<link>https://www.ponderdimension.com/covid-19-and-society/</link>
		
		<dc:creator><![CDATA[PonDim]]></dc:creator>
		<pubDate>Sun, 24 Jan 2021 14:53:54 +0000</pubDate>
				<category><![CDATA[Earthly matters]]></category>
		<category><![CDATA[Coronavirus and society]]></category>
		<category><![CDATA[covid-19]]></category>
		<category><![CDATA[Covid-19 and society]]></category>
		<guid isPermaLink="false">https://www.ponderdimension.com/?p=1130</guid>

					<description><![CDATA[<p>Covid-19 affected society in many and different ways. On one hand, the measures undertaken by the national governments and the world as a whole, practically put the society in a mode of existence previously unknown <a class="mh-excerpt-more" href="https://www.ponderdimension.com/covid-19-and-society/" title="Covid-19 and society">[...]</a></p>
<p>The post <a rel="nofollow" href="https://www.ponderdimension.com/covid-19-and-society/">Covid-19 and society</a> appeared first on <a rel="nofollow" href="https://www.ponderdimension.com">Ponder Dimension</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Covid-19 affected society in many and different ways.</p>
<p>On one hand, the measures undertaken by the national governments and the world as a whole, practically put the society in a mode of existence previously unknown in the life of most of us.<br />
Things that most people would not consider possible at all in their daily lives, became not just a fact but a norm. Home became workplace. Something as simple as going out became subject to rules and regulations. Families and partners began to spend almost all their time together (with all the the positives and negatives to their interpersonal relationships). The topic of death and dying became a central focus of our attention. Every sneezing or coughing stranger in the street turned into a deadly threat. One of the most basic biological aspects of our existence – breathing – became subject to regulations with the global introduction of requirement to wear face masks.</p>
<p>Leaving aside the external expression of the consequences of the Covid-19, if we read “between the lines” of what happened, we will find things, processes and attitudes in society that are in no way new but existing since long time. Existing but covered – either consciously suppressed or unconsciously ignored. Much of what we discovered for ourselves as society (if we are honest) in terms of social order, norms of communication and interaction with those around us, came out as not so nice.</p>
<p>The thoughts and observations expressed further below are mostly about what we can label “a Western-model society” with its underling values and paradigm, which are both <em>result of but also the reason for</em> the way in which Western societies experience and react to the circumstances related to Covid-19.</p>
<h4>Societies based on falseness and principles “on paper”</h4>
<p>For decades the Western civilization has been taking pride in claiming to respect fundamental human rights. Principles such as democracy, solidarity, tolerance for differences are inseparable part of the way in which the West sees itself and an image that is persistently projected onto all other cultures and nations. We do not mean only the claims of a particular nation/country as a whole. The average person sincerely believes (and continuously convinces himself), that he <em>is</em> bearer of those values. In his expressed opinions for example, he would support military interventions for overthrowing a “dictator” in a country on the opposite side of the globe in order to “allow for a dignified and free existence of the local population”. He respects the right of personal opinions, of freedom of expression etc. …. or at least claims to.</p>
<p>But is this indeed so? The true test for a system of moral values of a person or society is when confronted with a situation in which the (non)-application of those principles <em>bears direct impact on his own existence and functioning</em>. If we stand “against” death penalty for example, would we maintain this position towards a killer of our relative? If we stand “for” death penalty, would we continue to do so, if our child happens to be sentenced to death?</p>
<p>What has happened in the situation of Covid-19?</p>
<ul>
<li>Solidarity showed as a myth</li>
</ul>
<p>Each country began to care only for itself.<br />
Previously free, the trade with medications and goods for personal protection all of a sudden became subject to limitations. Instead of undertaking steps for easing the delivery of products of basic necessity to the most impacted regions, all countries started to stock up. Information was published on a case where 200 thousand face masks purchased by a Western country with no grounds of legal violation whatsoever were confiscated by another country solely at the discretion of the latter which simply decided that it needed those masks. International agreements and regulations on international trade between countries claiming to function on the basis of lawful order and rules were completely ignored. Even within the EU (meant to be a closer community of countries sharing common principles and interests) there were countries where it was not possible to order for delivery abroad something as simple as vitamins.</p>
<ul>
<li>Tolerance showed as a myth</li>
</ul>
<p>People were divided into believers and non-believers in the existence of Covid-19, into “pro&#8221; and “against” the measures of the governments, into scared to death and not that scared or even outright „do not care at all”-s. And while the existence of different opinions and beliefs is completely natural, all of a sudden some people were <em>denying</em> the right of others. In their personal interactions and also in the social networks people started to argue and hate each other, to be judgemental about any opposite view and <em>demanding </em>to all those who perceived the situation differently. Started to insist that others should adopt <em>their </em>point of view and react to the situations as per <em>their </em>views.</p>
<p>The subject of wearing face masks is a good example. Leaving aside the question whether and how much effective face masks are as protection against Covid, the tolerance which we claim to have, should have made us take the responsibility <em>only for our own choices</em> and let others do the same. If I think that <em><strong>for me</strong></em> it is beneficial to wear a face mask, everybody else has the right to decide that <em><strong>for him</strong></em> this is not beneficial or even harmful. Terms such as “right” or “not right” do not apply to authentic tolerance. The right of one to breathe through a filter is not a right to deny somebody else’s right to breathe freely. Same pattern has started to be seen since recently in relation to the vaccines where in various ways (at this stage not yet enforced by law), people are being pushed to get vaccinated without their opinion as to the efficiency and safety of vaccines being of any importance at all.</p>
<p>Societies claiming to be tolerant for differences in much more inconsequential aspects such as sexuality, ethnic belonging etc., have most ruthlessly denied tolerance to the individual to <em>breathe </em>as he deems appropriate <em>as per his own views</em> of what is healthy, and maybe soon (in relation to vaccines) – to be able to choose what to put or not into his own body.</p>
<ul>
<li>Democracy showed as a myth</li>
</ul>
<p>The biological right and need to breathe of the average person became subject to administrative dictatorship by governments and officials, which (beyond their functioning as collective bodies) are <em>just individuals limited by their own subjective views, fears and biases towards one particular point of view or another</em>. Those individuals, through the blind and uncritical acceptance by the masses, are being allowed to interfere with the most fundamental biological aspects of our existence.</p>
<p>The post <a rel="nofollow" href="https://www.ponderdimension.com/covid-19-and-society/">Covid-19 and society</a> appeared first on <a rel="nofollow" href="https://www.ponderdimension.com">Ponder Dimension</a>.</p>
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		<title>The Covid-19 experience and the things it teaches to us</title>
		<link>https://www.ponderdimension.com/the-covid-19-experience-and-the-things-it-teaches-to-us/</link>
		
		<dc:creator><![CDATA[PonDim]]></dc:creator>
		<pubDate>Sat, 08 Aug 2020 00:29:05 +0000</pubDate>
				<category><![CDATA[Earthly matters]]></category>
		<category><![CDATA[coronavirus]]></category>
		<category><![CDATA[covid-19]]></category>
		<category><![CDATA[pandemics]]></category>
		<guid isPermaLink="false">https://www.ponderdimension.com/?p=1109</guid>

					<description><![CDATA[<p>The global and multiple effects of the coronavirus pandemics are so significant that is seems not so far-fetched to call it a “cornerstone” event for the civilization in its present form. Maybe however, the true <a class="mh-excerpt-more" href="https://www.ponderdimension.com/the-covid-19-experience-and-the-things-it-teaches-to-us/" title="The Covid-19 experience and the things it teaches to us">[...]</a></p>
<p>The post <a rel="nofollow" href="https://www.ponderdimension.com/the-covid-19-experience-and-the-things-it-teaches-to-us/">The Covid-19 experience and the things it teaches to us</a> appeared first on <a rel="nofollow" href="https://www.ponderdimension.com">Ponder Dimension</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The global and multiple effects of the coronavirus pandemics are so significant that is seems not so far-fetched to call it a “cornerstone” event for the civilization in its present form.</p>
<p>Maybe however, the true significance of this event is not its factual side but the way in which the civilization goes through that experience. In the present and few subsequent articles, the main focus will not be about what is the virus, how deadly it is or how contagious, where it originated etc. (even though those question cannot be completely skipped as a basis for further consideration). Instead we will try to answer <em>how and why</em> our experience of the situation is exactly what it is and <em>why</em> (possibly) it is different than other similar situations. Why do we feel so “shaken” both personally and collectively?</p>
<p>Let us start with some basics. What I am will write below I no way aims to belittle any aspect of the situation but rather to emphasize the fact that that the features of the situation by themselves <em>are not</em> something “unseen or unheard of”, that we have been face to face with similar situations before.</p>
<h4>The virus is…just another disease</h4>
<p>From scientific point of view every virus, bacteria or any other form of illness can be studied and described in various ways with their specificities and distinct features (e.g. their symptoms, means of transmission etc.).</p>
<p><em>On experiential level</em>, however, the coronavirus as well as any other microorganism causing illness and even the aging process itself ultimately boil down to<em> the same thing</em> – disruption of the normal functioning of our body temporarily or permanently, which by itself or in combination with other causes can ultimately lead to a final halt.</p>
<p>In practical terms whatever ideas we may have as to the virus, whether we perceive it in a different way, whether we are more or less afraid of it is of absolutely no significance – it is just another companion as many other similar what are around us since our birth. Whether we see them or not, whether we pay attention to them, all those companions – all possible reasons of deterioration of our health and our eventual death <em>are</em> around us and <em>have always been</em>.</p>
<p>The coronavirus does not put us in <em>any novel situation</em>, nothing “new” that has not been previously there. The only difference is that under the current circumstances we have to look this companion in the eyes, not that it was not there before. The possibility to get sick from any possible disease, known or unknown, the possibility to be destroyed physically at any time and by any means – we were never free of that and will never be even for the fraction of a second. The virus<em> does not make us more mortal</em> than we used to be but just <em>reminds us that we have always been such.</em></p>
<p>The purpose of the above short introduction in the topic on the coronavirus is to reject or at least reduce the perception of it as somewhat “objective” situation independent from us to which we are the helpless victims. As with anything else in life, everything boils down to our perceptions.</p>
<p><em>To be continued&#8230;</em></p>
<p>The post <a rel="nofollow" href="https://www.ponderdimension.com/the-covid-19-experience-and-the-things-it-teaches-to-us/">The Covid-19 experience and the things it teaches to us</a> appeared first on <a rel="nofollow" href="https://www.ponderdimension.com">Ponder Dimension</a>.</p>
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		<title>Economic model failure is … good news (Part 3)</title>
		<link>https://www.ponderdimension.com/economic-model-failure-is-good-news-part-3/</link>
		
		<dc:creator><![CDATA[PonDim]]></dc:creator>
		<pubDate>Thu, 26 Sep 2019 22:38:41 +0000</pubDate>
				<category><![CDATA[Earthly matters]]></category>
		<category><![CDATA[economic failure]]></category>
		<category><![CDATA[economic model]]></category>
		<guid isPermaLink="false">https://www.ponderdimension.com/?p=863</guid>

					<description><![CDATA[<p>In the previous parts of the present article, we have already examined the underlying assumptions of the currently existing economic model and challenged its validity as a kind of ultimate truth. So, what next? Before <a class="mh-excerpt-more" href="https://www.ponderdimension.com/economic-model-failure-is-good-news-part-3/" title="Economic model failure is … good news (Part 3)">[...]</a></p>
<p>The post <a rel="nofollow" href="https://www.ponderdimension.com/economic-model-failure-is-good-news-part-3/">Economic model failure is … good news (Part 3)</a> appeared first on <a rel="nofollow" href="https://www.ponderdimension.com">Ponder Dimension</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>In the previous parts of the present article, we have already examined the underlying assumptions of the currently existing economic model and challenged its validity as a kind of ultimate truth. So, what next? Before we can even think of an alternative, we first need to be convinced that a new model is possible.</p>
<h4>Needs of body or needs of mind?</h4>
<p>In its roots, the model is based on materialistic/utilitarian approach where it is assumed that ever increasing material possession and consumption are the means to ultimate well-being and <a href="https://www.ponderdimension.com/it-is-all-about-happiness/">happiness</a>. If we examine carefully, however, what we are going to discover is that beyond the immediate survival needs of the physical body, materialism is just a form of entertainment for our <em>mind or psyche</em>.</p>
<p>As far as this mind or psyche is non-material, it does not have a practical way to benefit from material possessions. Beyond the natural physical needs, all material possessions can be enjoyed and bring satisfaction <em>only as an idea</em> and not as something physically useful. You can physically wear <em>only</em> one pair of clothes at a time and can only enjoy <em>the thought</em> about a wardrobe full of clothes that you have at home. Once you have had an abundant dinner, you can only enjoy <em>the idea</em> that there is more food on the table.</p>
<p>In that sense, as far as the mind is concerned the constant craving for ever-growing material abundance is in no way inherent to its nature. It can (and has been) trained to enjoy it as it can be trained to enjoy any other idea. However, the assumption that people are <em>naturally driven</em> towards gaining more and more material possessions is no way a fact supported by hard and undeniable evidence.</p>
<p>Think about marketing industry. If the materialistic inclination was natural, why the need for such industry at all? It is all about manipulating people into believing that they need a product they often do not. Elaborate techniques are used to trick you into buying (for example a smartphone with functionalities you never use) or newer TV set with several million new colors (which the eye of the average human might never distinguish).</p>
<h4>Subtleties behind the scenes</h4>
<p>In terms of production, while we have more fancy products, it seems that they are less and less durable and it is not by chance. The sophistication of product life cycles and the progress in technological knowledge has opened new possibilities to the insatiable greed of corporations. Nowadays the usability of the product can be to a large degree “<em>pre-programmed</em>”.</p>
<p>Have you ever wondered while your electronic devices often start to malfunction shortly after their warranty is expired? Why the shape of charger cables for mobile devices is regularly revised by the producers? Do you have a TV purchased 7 years ago which has outlived 2 or 3 “state-of-the-art” ones? Much of those (if not all) happen <em>by design</em>, where the manufacturer has as its goal to make you buy the same product repeatedly rather than trying to satisfy your need in a long-lived manner.</p>
<p>We can bring further arguments (and I am sure anyone of us can find evidence from own experience). The point is that in many ways, the materialistic/utilitarian approach is something that we have been taught to adopt and is being carefully maintained. It <em>is not</em> something that is inherent to our nature.</p>
<p>Therefore, the whole economic model that is centred around the idea of <em>insatiable needs</em> of human beings, cannot be in any way asserted as either the only possible nor the best model. In fact, in its initial form the emerging scientific discipline of economics was more focused on trying to <em>understand</em> the underlying logic in economic interactions. Nowadays it seems to be focused on <em>conditioning </em>us into what economic interaction <em>should be</em> like.</p>
<h4>(Un)knowingly helping the shift</h4>
<p>At first, on an individual level we should re-evaluate what really counts in life for us personally.</p>
<p>Do we really need all the things that we buy? Do we buy because we need or we just follow suit? Do we work more than we actually want to be able to buy things we do not actually need? Are there any things that give us more sense of fulfillment that are not in any way related to buying and possessing things? Can we work less, spend less and have more time to do things that we actually like? When we buy more, do we get closer to being satisfied with what we have or actually find ourselves craving for ever more?</p>
<p>One of the reasons why the economic model is failing nowadays seems to be that more people start to ask such questions to themselves. It might be just a somewhat unconscious hint of doubt but it is there. A hint that there is something fundamentally wrong and unhealthy about materialistic mentality. A hint that constant craving for more <em>is a burden</em> and being satisfied with less <em>is a release</em>.</p>
<p>The more evident this revelation, the more people seem to discover that they do not actually care for their long-held priorities in life. They start getting some intuitive insight that beyond meeting certain natural needs, chasing of material possessions and never-ending consumption is a form of madness. It makes our lives complicated rather than simple.</p>
<p>Such people are less and less supportive to the system in their choices. The inner turbulence and restlessness resulting from the subtle (or sometimes evident) dissatisfaction with materialistic mentality, manifest externally. And while its manifestation is often random and confused, it dismantles the efficiency of the model. People become unpredictable in many ways – in the way they do their jobs, in their non-professional activities, in their relationships. All these tremors translate into the existing social and economic structure putting it under pressure.</p>
<h4>Bound to disappear</h4>
<p>Eventually, the current economic structure <em>will</em> fall apart … because by its very design it can thrive only upon our acceptance and willingness to support it. The more we break free from the illusion that material wealth can be the ultimate purpose and means towards personal fulfillment, the closer we get to the imminent collapse of the old paradigm.</p>
<p>While we do not know what will come out from the ruins of the old, there will be at the least the possibility for something better. The old economic framework is too deeply rooted and does not allow for alternatives. Only from its ashes such alternatives will come into existence. Alternatives that might be better suited to cater for our real <em>needs</em> rather than artificial <em>desires</em>.</p>
<p>Ultimately you can face the global economic turmoil with a smile – in the end of the day, it is good news.</p>
<p><a href="https://www.ponderdimension.com/economic-model-failure-isgood-news-part-1/"><em>Part 1</em></a> | <a href="https://www.ponderdimension.com/economic-model-failure-is-good-news-part-2/"><em>Part 2</em></a></p>
<p>The post <a rel="nofollow" href="https://www.ponderdimension.com/economic-model-failure-is-good-news-part-3/">Economic model failure is … good news (Part 3)</a> appeared first on <a rel="nofollow" href="https://www.ponderdimension.com">Ponder Dimension</a>.</p>
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		<title>Economic model failure is … good news (Part 2)</title>
		<link>https://www.ponderdimension.com/economic-model-failure-is-good-news-part-2/</link>
		
		<dc:creator><![CDATA[PonDim]]></dc:creator>
		<pubDate>Thu, 04 Apr 2019 10:49:10 +0000</pubDate>
				<category><![CDATA[Earthly matters]]></category>
		<category><![CDATA[economic failure]]></category>
		<category><![CDATA[economic model]]></category>
		<guid isPermaLink="false">https://www.ponderdimension.com/?p=841</guid>

					<description><![CDATA[<p>Before discussing why the collapse of the economic model might be actually positive, an important remark is necessary: economics is not a natural science and therefore no part of its theoretical framework is valid by <a class="mh-excerpt-more" href="https://www.ponderdimension.com/economic-model-failure-is-good-news-part-2/" title="Economic model failure is … good news (Part 2)">[...]</a></p>
<p>The post <a rel="nofollow" href="https://www.ponderdimension.com/economic-model-failure-is-good-news-part-2/">Economic model failure is … good news (Part 2)</a> appeared first on <a rel="nofollow" href="https://www.ponderdimension.com">Ponder Dimension</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Before discussing why the collapse of the economic model might be actually positive, an important remark is necessary: economics <em>is not</em> a natural science and therefore <em>no part of its theoretical framework is valid by itself</em>. Unlike physics for example, where the existence of force of gravity is undeniable fact (because everybody experiences its effects), economic &#8220;laws&#8221; are valid only as much as we agree to them and <em>act as if those are real</em>.</p>
<p>Let us take the example of money. Money in its conventional form has no useful value by itself. A banknote or a current account cannot satisfy directly any real need – you cannot eat the numbers in your bank account, you cannot use a banknote as clothes or shelter. In real terms a bank account is a sequence of numbers in a computer and a banknote is a piece of paper with a printed amount. What makes money valuable and useful is <em>our consensual agreement</em> to regard them as means of exchange of the things that directly satisfy our needs.</p>
<p>The previous paragraph is to illustrate that the economic theory and therefore the model for which it serves as a basis, are <em>artificial rather than objective</em> constructs. The theory is on one hand a description of certain forms of interactions between individuals and nations in particular time of human history. At the same time, it has eventually managed to <em>promote</em> those forms of interaction to a level where they came to be accepted as self-existing, self-evident even inherent to the very human nature. People started believing in it as undeniable objective reality and this way <em> have allowed it to shape their mindsets</em>.</p>
<h4>Tricked into acceptance</h4>
<p>By accepting the framework of contemporary economics as a natural law, <em>we are the ones</em> who actually make it manifest as such law. By believing that economic interactions follow certain logic which is beyond our control and thus we can only abide by it, we effectively <em>decide</em> for ourselves that there is no alternative. As far as we perceive it as being the only possibility, we are bound to behave in a way that can only solidify the model and make it look more like being the natural and inescapable order.</p>
<p>To recap &#8211; economic theory has convinced us that it is the only valid alternative and <em>by doing so</em> effectively <em>became such alternative</em>. Now, whether this is coincidence or result of intentional design is another topic. The ultimate fact is that we <em>seem</em> to be only subjects and victims of the model where we actually <em>are</em> the ones who perpetuate it and sustain it. This is the vicious circle we are in – we are the ones who suffer the defects of the model and at the same time the ones who help re-create it constantly. This is the very first thing which people should realize. Only when we understand that, we can consider alternative approaches.</p>
<p><em><a href="https://www.ponderdimension.com/economic-model-failure-isgood-news-part-1/">Part 1</a></em> | <em><a href="https://www.ponderdimension.com/economic-model-failure-is-good-news-part-3/">Part 3</a></em></p>
<p>The post <a rel="nofollow" href="https://www.ponderdimension.com/economic-model-failure-is-good-news-part-2/">Economic model failure is … good news (Part 2)</a> appeared first on <a rel="nofollow" href="https://www.ponderdimension.com">Ponder Dimension</a>.</p>
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		<title>Economic model failure is … good news (Part 1)</title>
		<link>https://www.ponderdimension.com/economic-model-failure-isgood-news-part-1/</link>
		
		<dc:creator><![CDATA[PonDim]]></dc:creator>
		<pubDate>Tue, 03 Oct 2017 19:16:35 +0000</pubDate>
				<category><![CDATA[Earthly matters]]></category>
		<category><![CDATA[economic failure]]></category>
		<category><![CDATA[economic model]]></category>
		<guid isPermaLink="false">https://www.ponderdimension.com/?p=572</guid>

					<description><![CDATA[<p>The contemporary and prevalent economic model is irreversibly coming to its end. I do not intend to try to prove above statement because if you turn around and have the courage to acknowledge what you <a class="mh-excerpt-more" href="https://www.ponderdimension.com/economic-model-failure-isgood-news-part-1/" title="Economic model failure is … good news (Part 1)">[...]</a></p>
<p>The post <a rel="nofollow" href="https://www.ponderdimension.com/economic-model-failure-isgood-news-part-1/">Economic model failure is … good news (Part 1)</a> appeared first on <a rel="nofollow" href="https://www.ponderdimension.com">Ponder Dimension</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The contemporary and prevalent economic model is irreversibly coming to its end.</p>
<p>I do not intend to try to prove above statement because if you turn around and have the courage to acknowledge what you see, the validity of the claim will be self-evident – constant shrink of middle class, bank failures, increase of unemployment, countries in the spiral of ever-growing debts – the signs are all there.</p>
<p>In this article I shall rather try to focus on why the system is failing and why (contrary to our conditioning by the mainstream media and so called &#8220;experts&#8221;) this might be <em>good news</em>.</p>
<p>The discussion will be a generalization to some degree. I will not talk about the particular situation of this or that country. It would be rather an analysis of the fundamental problems inherent to the contemporary (and nowadays prevalent) economic theory and practice. It is for those inherent errors that the model cannot and shall not survive in its present form.</p>
<h4>Economics basics</h4>
<p>For those who have no background whatsoever in economics theory below are some of its fundamental and underlying ideas.</p>
<p>While the theory of economics has branched throughout the decades into somewhat different versions, there are few underlying principles and concepts that are considered as fundamental and among them are the following three:</p>
<ul>
<li>The availability of economic resources is <em>limited</em></li>
<li>The needs and desires which the people would like to satisfy by the use of those resources are <em>unlimited</em></li>
<li>The <em><a href="https://www.ponderdimension.com/motivation-is-what-makes-us-act/">ultimate driving factor</a></em> of each party involved in any form of economic activity is to realize and maximize <em>profit/benefit </em>from its use of economic resources.</li>
</ul>
<p>Above assumptions imply:</p>
<ul>
<li>In overall terms <em>it is not possible </em>to satisfy the economic needs of everybody</li>
<li>The use of economic resources for the satisfaction of one’s needs by definition can be fulfilled only at the cost of somebody else’s need that <em>shall not be satisfied</em></li>
</ul>
<p>Closely related and arising as a consequence from the aforementioned notion is the idea of <em>competition</em> or in other words constant economic struggle between people, companies and ultimately nations in attempt to get <em>as much resources as possible</em> for themselves and leave <em>as few as possible</em> to the others.</p>
<h4>The inherent problems</h4>
<p>A direct consequence of the theory is that in order to sustain and increase profits, there should be ever-increasing production of goods and services and ever-increasing consumer demand for them.</p>
<p>When considered on a global scale, the material resources available on the planet are limited and most of them are not renewable (or at least not renewable at the rate they are being depleted). Thus, ever-increasing production of goods is <em>physically not possible</em>. On the other hand, considered globally, the potential number of consumers is also <em>physically finite</em>. Therefore, the increase of consumers can be achieved by producing goods which are short-lived and need to be often replaced.</p>
<p>Also inherent to the model is that to maximize the profit, the economic agents try to reduce their costs and particularly with the advancement of technologies, more and more work is attributed to machines rather than personnel. The less people work, the less income they have and the less possibility for the companies to sell their products.</p>
<p>Above is a vicious circle and while some companies still can extend their markets at the expense of their competitors, considered <em>globally</em> – the mix of production, resources and consumers makes it impossible to sustain an economic model based on the motivation for economic profit (which, as already mentioned, is a cornerstone of the model).</p>
<h4>A conclusion of common sense</h4>
<p>It is not a matter of personal like or dislike for the model – it is a solid fact that on a finite planet, with finite resources and with finite number of potential consumers, a model based on the premises of ever-growing production and ever-growing consumption <em>cannot last indefinitely</em>. In fact, there is much evidence that we are almost there &#8211; at the stage where the rate of resources we use, exceeds the rate of their extraction/renewal.</p>
<p>Above simplified analysis introduces <em>a problem</em> and so far, it seems that no working solution has been found within the theoretical framework of contemporary economics.</p>
<p>In fact, such a solution is not likely to be found. For maybe, just maybe, the solution lies not within the model itself but rather in reconsidering the validity of its underlying ideas. Those ideas around which the whole model has been built (either by chance or by intentional design) seem to be erroneous or at the least incomplete.</p>
<p><em><a href="https://www.ponderdimension.com/economic-model-failure-is-good-news-part-2/">Part 2</a></em> | <em><a href="https://www.ponderdimension.com/economic-model-failure-is-good-news-part-3/">Part 3</a></em></p>
<p>The post <a rel="nofollow" href="https://www.ponderdimension.com/economic-model-failure-isgood-news-part-1/">Economic model failure is … good news (Part 1)</a> appeared first on <a rel="nofollow" href="https://www.ponderdimension.com">Ponder Dimension</a>.</p>
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