43 best Econ memes images on Pinterest in | Economics, Finance and Jokes
A sample of dominant businesses and economic memes suggests that . of businesses in society and indeed of societies' relationship with the. Instead of growth at all costs, a new economic model allows us to Like rational economic man, this representation of economic activity bears little relationship to reality. Doughnut Economics by Kate Raworth (Random House Business The Guardian view on Instagram's troll farms: meme warfare. In any market economy, business plays a huge role. Business is the engine of an economy. Business provides jobs that allow people to make money and goods.
Mining Changing the Meme of Constant Growth Constant growth has become a "meme," a core value, that is driving humanity off an ecological cliff. Sandra Waddock identifies diverse alternatives. Sandra Waddock August 13, Constant growth is driving humanity off an ecological cliff, writes Dr. Sandra Waddock Boston College.
It can be difficult to imagine alternatives: The Genes of Culture Memes, a word coined by biologist Richard Dawkins, are ideas, behaviors, and styles that spread within cultures.
Changing the Meme of Constant Growth
Dawkins wanted a word that sounded like gene to reflect something that reproduced ideas or other aspects of culture, much the way that genes reproduce biological traits. Memes affect how we think about the world around us. Memes can, in fact, shape whole social or economic systems. In complex social systems like our economic and business systems, this glue of memes links individuals, organizations, and societies.
To effect change we need to tap into — and change — fundamental memes: The Meme of Growth In Western society, the notion that constant growth is essential to a successful economic system is such a meme. Most people believe that without growth, our economy and companies could not survive or prosper. The growth meme may have served a purpose in the heady days following World War II, when it became prominent.
Changing the Meme of Constant Growth
Whole countries, including Japan and Germany, needed to rebuilt their manufacturing infrastructure, so the emphasis was on regenerating productive capacity — and consumption. But the growth meme no longer serves humanity well; indeed, it is driving humanity off an ecological cliff.
Questioning Constant Growth Economic growth is measured using gross national or domestic product: But these measures, and the goal they represent, are fundamentally flawed: We humans are meme machines; selective imitators, who spend our lives copying memes. The meme wars are on!
It will do so, according to Franz Radermacher and others, including Thomas Pikettyby impoverishing the middle classes as the inequality gap continues to increase low or no growth, stagnating wages and even a possible debt and deflationary cycle take hold to cut demand for products and services as discretionary spending falls.
Worryingly, the system conditions to generate this outcome are already firmly in place. Where do I need to be to win? The first is between those who assume that the mathematics behind economic growth is inexorable. Degrowth is one term for this contraction, and its meme is perhaps: License CC — credit Flickr user: James Cridland This is picked up by those seeking equality and social justice, a revival of local action, increasing self sufficiency, practical skills and grassroots democracy.
The probability that degrowth would take down the entire debt laden financial system is only one of the criticisms.
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Not that this is necessarily an issue for the meme because it often assumes that the world must be rebuilt anyway. George Monbiot once noted: For all that, this meme has a vibrant and active constituency. Across this line are those who say that increasingly resource efficiency will lead to both economic growth and decoupling.
This is the mainstream eco-efficiency view circa onwards and relies on technological fixes and resource substitution, especially the idea of swapping goods for services, extending product life, better recycling and so on and so forth. Change is possible, it says. Sam Leighton The circular economy?
This can be mistaken for a version of this techno-utopian meme, as it is assuredly mainstream and technologically focused, or so it seems. In reality, it takes its place one faultline further on. It says that we need to go beyond mere resource efficiency, because the payoff from relying on efficiency is inadequate.
Unrealistic and unfit for purpose never stopped an embedded meme from reproducing of course. For now, lets just look at efficiency and its discontents.
Efficiency — doing more with less — tends to increase scale, standardization, lower costs and therefore prices. It uses these increases in productivity especially labour productivity to secure or maintain profits and it often reduces waste per unit.
It is one sided.
It assumes that spending released to increasingly productive workers and through lower prices will be spent on new products or services. These will, in turn have their own environmental and social impacts of course — but will at least soak up the additional unemployment, which often follows from labour productivity gains.
It is also assumed that profits will be reinvested in the productive economy. It carries other downsides too.
Since the s the happy process whereby spending is released creating new employment has increasingly fallen away in the developed nations, since the returns to wages parted company with productivity at that time revealing over production which was largely bridged by easy credit until It is actually becoming a global phenomenon as this extract from the New Indian Times laments: