Here is a question that is really fundamental. Have you ever thought about it?
what do you feel is the purpose of an economic system?
Thanks Martin. Indeed this question is fundamental to our study.
I have thought about it for a while and have reached similar conclusions as yours and David Korten's. The purpose of an economic system is to serve the humanity by defining the processes through which exchange of goods, services or knowledge can be facilitated. The Industrial Revolution has resulted in making the humanity subservient to this process and not vice versa. The economic system based on the principles of 'maximization, standardization, synchronization... etc.' has taken our independence away from us.
My take on this is, that an economic system should serve the fulfillment of the basic needs of individuals, households, groups, and society as a whole. It can be a simple system, based on simple rules of trade, or more complex, where there is agreement on the use of tokens/chits that serve as carriers of transaction value.
The question follows naturally: how well does our current economic system (which has been designed by human minds) serve us? It seems to serve some people well (the already rich), but the vast majority of humans on this planet have big trouble making ends meet. Another question pertains to basic needs. What or which are they? Are they the same everywhere in the world?
David Korten shows, in his writings and lectures, that our current system has failed abysmally. It is not sustainable or viable and we will have to replace it, rather sooner than later. Our representative democracy has failed too. Our politicians have become subservient to the interests of big capital: Wall Street and the lobbyists of big firms. This is wrong. Politicians should serve the interests of their constituency. Time for a true democracy, where people do have a voice that matters.
The above points all have to do with the values we hold, our view of life. Do we want success, wealth, health and happiness only for ourselves? Do we not depend on others for our education, infrastructure, and their help at our jobs as co-workers? This is an essential point to consider!
The word "economy, like "ecology", comes from the Greek "oikos" that has become "eco" in modern languages and means "common room"... so we can say that this criminal system we all suffer is not even worth the name "economic". This system is collapsing and the economical system we need starts from the true understanding that we all humans share the same needs: food, housing, medicine and education; and that these sacred needs are not to be under market laws, but guaranteed to everyone.
The demand of true democracy is rising all around the world, change has started, we are part of it. Warm blessings, dear friends!!!
Welcome Ferran. Long time no see. Where have you been?
Indeed, as David Korten very powerfully puts it, we are the ones we have been waiting for. We need to make this change happen. Sooner rather than later.