"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?"

Saturday, January 15, 2011

rust reveals

I was trying to identify the pillars of denialism. rust got at the foundation, "truthiness"

4 comments:

ed-davies said...

"Sorry, Videos are not available in your country" it says (with the strange capital 'V' after the comma). I'm in the UK.

I've seen this word "truthiness" banded around. Could you give a summary of what it's used to mean?

Nick Dearth said...

ed-davies, try this

Michael Tobis said...

Colbert's closing line is better than the whole Wikipedia article. "I'm not going to tell the truth to you, I'm going to feel the truth at you."

ed-davies said...

Thanks both. Yes, MT's quote sums it up nicely though you have to understand what the Colbert Report is all about (parody of Fox, etc) which I'd previously surmised but wasn't sure about and which the Wikipedia article clarified nicely.

Word verification: "witingot" is somehow appropriate.