The only factor that poses a genuine challenge to the current order is the willingness of human beings to reject the injustice and irrationality of this economy, and stand up for something better. Capitalism will not fall-rather, it must be pushed.
Jim StanfordWe know that investment causes growth. But it is also true that growth causes investment.
Jim StanfordProving that profit is economically and morally justifiable, rather than the result of exploitation, has been a central preoccupation of neoclassical economists.
Jim StanfordEconomic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either.
Jim StanfordLike a forensic accountant trying to solve a corporate fraud, following the trail of money around the circle is a good way to understand what actually happens as capitalism unfolds.
Jim StanfordGrowth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder care, and other life-affirming programs) would generate huge increases in GDP and incomes, with virtually no impact on the environment.
Jim Stanford