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Buddhism and the End of Economic Growth

DaltheJigsawDaltheJigsaw Mountain View Veteran
edited September 2011 in Buddhism Today
"We are seeing a perfect storm of converging crises that together represent a watershed moment in the history of our species. We are witnesses to, and participants in, a transition from decades of growth to decades of economic contraction." --Richard Heinberg

"True development is in harmony with the needs of people and the rhythms of the natural world. Humans are part of the universe, not its masters. This awareness of the interrelatedness of all things, as expressed in Buddhism, is also lived in the traditions of indigenous peoples throughout the world." --Sulak Sivaraksa

It is increasingly obvious that natural limitations will soon force economic growth to cease. Although this view has been well-studied for at least 40 years, it still remains largely unexamined by the mainstream media. National leaders and corporate CEOs continue to insist that the economy is the true heartbeat of human society, and its growth is the only valid measure of social progress. From this perspective there is very little difference between the top levels of government and the top levels of corporate management. Both are preoccupied with promoting endless growth, because both believe in what Adam Smith called the "invisible hand" of the market, which magically transcends physical and biological limits.

As Dan Hamburg concluded in 1997 from his years as a U.S. Congressman, "The real government of our country is economic, dominated by large corporations that charter the state to their bidding. Fostering a secure environment in which corporations and their investors can flourish is the paramount objective of both [political] parties." Back in 1932, Huey Long expressed this colorfully: "They've got a set of Republican waiters on one side and a set of Democratic waiters on the other side, but no matter which set of waiters brings you the dish, the legislative grub is all prepared in the same Wall Street kitchen."

http://www.huffingtonpost.com/john-stanley/buddhism-and-economic-growth_b_954457.html
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