McMurtry’s work offers a contribution to the understanding, as well as to development of standards for the measurement, of human well-being, so that progress and regress may be interpreted in ways that mainstream economic criteria neglect or fail to ascertain, both in theory and in practice. The importance of determining novel standards and indicators is considerable, and widely acknowledged by many academics and politicians (for example, the 2008–2009 Stiglitz-Sen-Fitoussi Commission created by the French Government), but above all it is important to reconceptualise economic phenomena so as to re-orient them in line with life-based criteria.
First, it has already been highlighted that the type of ‘growth’ conceptualised and pursued in today’s global market has had systemic negative effects upon life at many levels, to the point of making possible the explanation of said implications by means of a cancer-based explanatory model. ‘Real capital’ as ‘life capital’ is both unseen and harmed by standard economic thought (CSC2013, p. 12).
Second, in the wake of the current economic crisis, the same global market has been proven equally unable to attain ‘growth’ on its own life-blind terms, that is, in terms of pecuniary aggrandisement for money investors and/or managers (cf. Crotty, 2000). ‘Real capital’ as sheer ‘money’ is not there either, especially if one considers that the vast meltdowns of the last few decades have been caused by speculative bubbles in exponentially ‘leveraged’ masses of currency without any ‘grounding’ in ‘a medium of exchange and capital’ such as ‘gold, labour, or livestock’ (CSC2013, p. 12).
The system’s inherent rationality, which economics textbooks presuppose, is to be seriously questioned, and that is what McMurtry’s work does, consistent with Castoriadis’ (2005a, p. 129) poignant characterisation of the Socratic role that philosophers are expected to play in genuinely democratic societies: the possibility and the ability to call established institutions and significations into question. Whether he will be listened to, we do not know. However, responding to a cancer diagnosis by avoiding what alone can work is fatal.
To many in politics and business, the triumph of the self is the ultimate expression of democracy, where power has finally moved to the people. Certainly, the people may feel they are in charge, but are they really? The Century of the Self tells the untold and sometimes controversial story of the growth of the mass-consumer society. How was the all-consuming self created, by whom, and in whose interests?
John McMurtry shows that a false economic paradigm holds the world in thrall to a global corporate death system masked as market freedom. Liberation is explained as grounded in humanity’s repressed life-value code, life capital bases and civil commons organization which unify across distances and differences.
Is a new economic model toppling capitalism? Yanis Varoufakis, the former Greek Minister for Finance and current leader of the MeRA25 Party, discusses the future of capitalism, his theories of technofeudalism and cloud capital, and the invasion of Ukraine. This event was hosted on April 4, 2022 by Stanford in Government member Ryan Cieslikowski. Stanford in Government (SIG) is Stanford’s preeminent organization for students dedicated to public service and civic engagement. To learn more about SIG, follow us on Instagram (@stanfordingov), Facebook (Stanford in Government), and Twitter (@stanfordingov). You can also visit our website: sig.stanford.edu. Read More
A review essay of the second, revised edition of John McMurtry, Understanding the Cancer Stage of Capitalism: From Cancer to Cure (London: Pluto, 2013). Published in the November 2013 issue of the CCPA Monitor, Canada.
“There can be no keener revelation of a society’s soul”, Nelson Mandela says, “than the way in which it treats its children”.
Who would disagree?
Yet today children may be assaulted, diseased, or killed by pervasive corporate drugs, junk-foods and beverages, perverted by mindless violence in multiple modes, deployed as dead-end labour with no benefits, and then dumped into a corporate future of debt enslavement and meaningless work. How could this increasing systematic abuse be publicly licensed at every level? What kind of society could turn a blind eye to its dominant institutions laying waste the lives of the young and humanity’s future itself?
The abuse is built into the system. All rights of child care-givers themselves – from parent workers to social life support systems – are written out of corporate ‘trade’ treaties which override legislatures to guarantee “investor profits” as their sole ruling goal. Children are at the bottom, and most dispossessed by the life-blind global system. The excuse of “more competitive conditions” means, in fact, a race to the bottom of wages and benefits for families, social security, debt-free higher education, and protections against toxic environments to which the young are most vulnerable. At the same time, escalating sales of junk foods, malnutrition, and cultural debasement propel the sole growth achieved – ever more money demand at the top.
20 min presentation on the law of sustainability, presented by Sally Goerner, Bernard Lietaer and Robert Ulanowicz.
- Why we need this law: our world is not sustainable.
- The law of sustainability and its key terms defined: flow of energy, matter and information; sustainability; resilience; efficiency
- More important for mankind than Newton’s law of universal gravitation.
How Can We Christians Choose to Follow Jesus, The Prince of Peace, in a Chaotic World?
The theme for Crossan’s remarks is Divine Violence in the Christian Bible. The morning lecture, from the Old Testament, is on Sanction Theology or Sabbath Theology. The afternoon lecture, from the New Testament, is on Peace through Victory or Peace through Justice.
We face systemic problems — economic, political, social, and environmental ones all wound up together. Effective solutions are emerging in all of these domains, but we lack a reliable systemic perspective to weave them together. I believe Energy Network Science (ENS) can provide the sound, systemic framework we need to address our systemic problems. ENS’s study of the energy laws of growth and development can help restore our economies and our souls by: (1) Helping us rediscover the truth and power of free-enterprise democracy; (2) Giving us the tools and concepts we need to build healthy Democratic Free Enterprise Networks (DFENs), the kind that have always formed the sinews of American vitality; (3) Providing precise quantitative measures and targets for healthy development that seem quite unimaginable in the current milieu. This is the story of how these gifts change our view of how to rebuild economic vitality and restore the dream.
KEYWORDS: Balancing resilience & efficiency, energy network analysis, free enterprise democracy, quantitative measures of economic health, regenerative economics.
This paper shows how the Energy System Sciences provide the theoretical backbone and empirical substance we need to connect findings from across the human and natural sciences in a way that is practical, rigorous, and heart-warming at the same time. Our premise is that the same energy science that explains systemic health in ecosystems can be used to create an empirical explanation of systemic health in human systems too. This integrated understanding of planetary health directly addresses the underlying socio-economic drivers of today’s crises in a rigorous yet emotionally compelling picture of how to save civilization socially, economically and environmentally.