"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?"

Wednesday, December 8, 2010

Imagine



Brazenly copying Tamino.

8 comments:

Vinny Burgoo said...

More troll-bait! Shame on you!

('Imagine no possessions', says the millionaire as he saunters into his enormous mansion - his draughty single-glazed enormous mansion, to boot.)

Michael Tobis said...

Actually, a Manhattan coop is about the least damaging lifestyle a famous person can reasonably manage.

What mansion are you talking about?

Vinny Burgoo said...

Er, the one in the film?

Michael Tobis said...

Well, the mansion in the video was in fact empty of possessions, except for the piano...

Vinny Burgoo said...

See? The piano was doubtless made of mahogany, the extraction of which not only but also bla bla.

Stepping away from a literal take on the film's imagery: in real life, Lennon was a hypocrite. An angry, wealthy, woo-merchant who banged on about peace and the desirability of being poor.

Michael Tobis said...

Vinny I don't suppose you could find it in yourself to wait a day while those of us who miss him, for all his flaws, remember him fondly on the 30th anniversary of his murder?

Vinny Burgoo said...

Yes, I can. Sorry.

I didn't know this was all about an anniversary. I thought it was just...

Later.

Steve L said...

Lennon was a highly flawed individual. But his ideas and how he expressed them opened many eyes and changed the world. Why do people insist on focusing on the individual? It's like focusing on Al Gore. Imagine a world in which ideas stood on their merit rather than popularity contests and judgements of individuals associated with those ideas.