Loved this actually.
from Geoff Davies
The Global Financial Crisis, the extreme inequality of wealth world-wide, the materialism of modern life and the dire state of the planet are not accidents, nor just unavoidable consequences of the nature of things. They are the result of the modern practice of economics, which makes elementary errors of accounting, evidence, perception and theory.
Many of these errors have been noted for decades, but only by a dissenting fringe of economists and informed others. Their message is drowned out by the relentless repetition of the mainstream free-market mantra. Though many people are uncomfortable with economists‘ pronouncements, and some are aware of some of the errors, few seem to realise how many and how basic the errors are, nor how far-reaching are the consequences. Here are some of the main errors, spelt out in simple terms.
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