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  The Accounting of Capitalism

  Thanks for this interesting blog Jason.  This comment of yours caught my attention too: "Capitalist market economies have been the most effective at producing sustained periods of economic growth, and hence industrial capacity. "

  I don't think we know that because as far as I know we have never seen honest accounting of capitalism.  I'm 45 and all my life in the US we have externalized enormous costs associated with our economy, and from what I've seen all other measurable economies worldwide have too.  

  I believe that today our false accounting is a chicken coming home to roost, or to drop a turd in our pary punch bowl.  We are now paying the bill for "externalities" that in biological fact never were externalities.  Take your pick ... soil loss, or an atmosphere that can't take anymore dumping without a dramatic shift in the nature of the atmosphere, or water quality and quantity reductions, etc.

  Real(honest)accounting would be a boon to better ways of living.  Fortunately, better ways are happening at local levels, e.g. biological farming, rainfall capture and treatment, etc.

  small biz developer, ecologist

  On Confusing capitalism with industrialization posted 3 years, 3 months ago 24 Responses