"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, September 24, 2011

Stealing Another Video from Think Progress

Go figure this out.



Let me know once you can make sense of it.

8 comments:

ScruffyDan said...

Facts don't matter apparently

Jay Alt said...

Metaphors underlie all factual descriptions while stories frame them. Ancient peoples did not go underground at Lascaux, gather by fire light and in temples to hear facts recitated. They went because telling stories gives meaning and direction to human lives. (Fox) News Corporation understands this and provides reassuring stories which their viewers (and masters) crave.

James Long said...

what jay alt said

EliRabett said...

buKloorification of the media

Kaustubh said...

Along the same lines as this video, it appears that Fox takes advantage of the "Dr. Fox" effect: http://www.youtube.com/watch?v=RcxW6nrWwtc&feature=player_embedded

Martin Vermeer said...

Sense is overrated

Jim Bouldin said...

No more Fox "news" clips for me; I swore off on 'em long ago. They're worse than concussions. If I want to be sick I'll watch Red Sox highlights.

Pangolin said...

This is a game somewhat akin to driving faster than you can see in a thick fog; everything is fine until it isn't. You can't see the problem and what you want is to get wherever "there" is quickly. After a short period where nothing appears in front of you it's easy to assume the course will remain clear.

Which would be fine if the rest of us weren't forced to be passengers.