In my experience, the "you don't understand economics" folks don't generally understand something far more fundamental. Economics is a human cognitive construct. Unlike the natural sciences, which try to describe the world and universe that preceded us (admittedly, sometimes inadequately), economics can be re-invented to be anything we want it to be. Logically, however, to not be self-destructive that re-invention must factor-in the natural science principles we observe around us, for example the reciprocal (feedback) nature of the energy/matter exchanges among living beings, the adaptive characteristics of species in their ecological niche, and the 2nd law of thermodynamics during energy transformations. These notions were/are appreciated intuitively and implicitly by aboriginal people and have been endlessly denied by capitalism since the agricultural revolution about 20,000 years ago. The current movement for regenerative agriculture is essentially a recognition that only a return to those pre-existing parameters of physico-chemo-biological science can salvage us and what's left of natural systems. Market capitalism whether by feudal lords or corporate oligarchs is not amenable to that philosophy of agriculture and commerce. It has, hence, been un-natural since its inception. That is precisely what the real fools don't understand about economics, especially the fools who spout economic terminology as a smokescreen for "understanding".
Dec 30, 2020
at
1:45 PM
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