By Peter G Brown
ISBN-10: 1576757625
ISBN-13: 9781576757628
ISBN-10: 1576758559
ISBN-13: 9781576758557
Our present financial system is unsustainable. Its primary elementsunlimited development and unending wealth accumulationfly within the face of the truth that the Earths assets are sincerely finite. The harmful results of this denial of fact are wreaking havoc on our ecological and social platforms. yet what's the substitute? we have to transcend easily solving difficulties as they come up, or maybe as we expect them, and provide a finished new fiscal version. it's a ethical principal.
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Extra info for Right Relationship: Building a Whole Earth Economy
Sample text
Labor laws that created minimum wages, restricted working hours, prohibited child labor, and protected the right to unionize stemmed the concentration of power and money of the robber barons of the early twentieth century in the United States. Antitrust laws did their part, too. Social security, socialized health care, and environmental protection laws also arose eventually to place limits on market forces. Almost miraculously, the wise decisions to create publicly managed national parks and forests and wildlife reserves arose in the United States around the same time that the great monopolies of the Gilded Age were peaking in the early 1900s.
The third step is bearing witness to a guidance system built on right relationship. As a better future built on right relationship comes into sharper focus, a mass epiphany is bound to take place. Everyone who wants to preserve the integrity, resilience, and beauty of the commonwealth of life for future generations needs to commit to individual and collective changes that will lead to right relationship. It is impossible to predict how or when this epiphany will take place. But it is possible to hope for it and work for it by bearing active witness to the concept of right relationship and to the urgent need for change.
Out of this transformation arose the idea of the self-regulating market. Such a market is assumed to take care of the negative side effects of the economy and to work for the common good all by itself. Belief in a self-regulating economy became a significant factor in the disruption and reconfiguration of social and ecological relationships during the Industrial Revolution. The market economy that began its modern expansion in the nineteenth century undercut relationships and concerns that did not feed into its growth and financial power.