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A #TALE OF TWO CITIES - #ECONOMICS AND #SCIENCE COLLIDE

  SURREAL ECONOMICS OR CONCRETE SCIENCE? Original Post It  was the best of times, it was the worst of times, it was the age of wisdom, it wa...

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Monday, March 7, 2022

The Flight of the #Creative Class: The New #Global #Competition for Talent (Under #LimitstoGrowth?)

 

The Flight of the Creative Class: The New Global Competition For Talent



Book Review 
March 7,2022

Utter trash, which demonstrates how out of touch - those who research and study economics, create new social/economic and political theories - are with the realities of this planet. They premise their thinking on the idea that we need and can grow economically forever but fail to appreciate that we live under the governing physical and mathematical constraints of a finite planet that is now also diseased by many ecological, resource and climate maladies that are together leading us to civilised and economic collapse by 2040 as calculated by competent, unbiased MIT researchers - among others- in the best selling book - The Limits to Growth, in 1972.

The end result - if an Arctic BOE (Blue Ocean Event)or another massive event does not get us first - then the extinction of the species and most other forms of life on the planet is reasonably probable in the near term.

Given the current global economic situations, we are well on target to meet this 2040 date as hyperinflation, pandemics, resource exhaustion, global warming, food/energy shortages, nuclear threats, national collapses, social unrest, currency/ stock panics, anarchy and more problems are evidenced everywhere - just as predicted by MIT researchers and other competent, professional scholars and mathematicians since the early 70s.
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To sum up, the author likely wrote this fairytale while visiting Disney Land and was perhaps also under the influence of some unknown externalities - for there is nothing in this propaganda that can help to reverse the path we are on - save an adverse worldwide event that substantially reduces the human population in a decade or so that would then rebalance the number of our species back to what remains of our various key resource quantities. That event is nearly impossible to effect without wiping out the habitat.

Why do so-called economists attempt such pitiful undertakings when the hard facts and honest numbers indicate there are only enough non-renewable resources (oil, natural gas, copper, etc.) and arable lands to last humanity 20- 50 years? Who do they think they are kidding? The Invisible Hand? Are they insane?

Anyway if you want to entertain yourself with the musings of a bankrupt and disillusioned profession that still operates with and under the historic archaic theories of Adam Smith, Karl Marx, Paul Samuelson, et al - this may be just the childrens' storybook you have been looking for - a real stinker!

Too bad so much time and resources have been wasted here -as ironically it could have been applied more diligently, wisely and creatively - considering the real numeric constraints and short timelines we have before us. 

T A McNeil
First Financial Insights
CEO Founder


Sadly, We Remain on Target



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