"System change is now inevitable. Either because we do something about it, or because we will be hit by climate change. '...

"We need to develop economic models that are fit for purpose. The current economic frameworks, the ones that dominate our governments, these frameworks... the current economic frameworks, the neoclassical, the market frameworks, can deal with small changes. It can tell you the difference, if a sock company puts up the price of socks, what the demand for socks will be. It cannot tell you about the sorts of system level changes we are talking about here. We would not use an understanding of laminar flow in fluid dynamics to understand turbulent flow. So why is it we are using marginal economics, small incremental change economics, to understand system level changes?"

Thursday, October 21, 2010

A New Kind of Candidate



Or, rather, the culmination of a trend... (via Huffington Post)

4 comments:

Lou Grinzo said...

Only in America would, "I have zero experience, so put me in charge" be a successful sales pitch.

frank -- Decoding SwiftHack said...

Wait a minute... so nobody cares about the Vast Right-Wing Conspiracy? Great. Just great.

-- frank

Steve Scolnik said...

And the pre-video ad is . . .
Levi Johnston!

Anna Haynes said...

Frank is referring to the
Climate Progress post
MEMO: Health insurance, banking, oil industries met with Koch, Chamber, Glenn Beck to plot 2010 election; which should be prefaced with "Bombshell".