Member-only story
Embracing The Planetary Economy
The Market Economy is designed so that whomever owns or claims rights to a portion of the planet gets to lay claim to whatever resources that property may have and sell them as products. In all of the writings produced by humanity, at least what we have at our disposal, ever since men started keeping track of things, instituting the Market Economy, it has never been made clear from whom the first owners of any given piece of property purchased it from to begin with or how they claimed the rights to it. And while the Market Economy has been pivotal for many of humanity’s innovations and triumphs over the last few thousand years, the foundation of ignorance it is built upon has resulted in much damage to the Planetary Economy.
As environmental advocate Lester Brown said, “Socialism failed because it couldn’t tell the economic truth; capitalism failed because it couldn’t tell the ecological truth.”
While some would say that capitalism has not failed, but remains as the best economic system ever, they are largely screaming this from inside the bubble of the Market Economy and remain largely unaware that the Planetary Economy exists. Because capitalism is incapable of quantifying the effects it has on the planet, it continues to use assumed property rights to turn shared resources into waste in order to produce money that can be absorbed by the owners of capital…
