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We would not complain on the air we breathe even as it rusts away our iron vessel on which we navigate the oceans. We strive for economic well-being as we watch it rot the home we call earth. Most individuals strive for economic well-being. It is what motivatIt’s the economy (stupid) - Albert Bezzina
We would not complain on the air we breathe even as it rusts away our iron vessel on which we navigate the oceans. We strive for economic well-being as we watch it rot the home we call earth. Most individuals strive for economic well-being. It is what motivates people to be ‘productive’. To be able to produce something that can be exchanged for other products or services, rightly or wrongly perceived to be necessary for the individual’s and the community’s well-being. These exchanges are commonly carried out through an intermediary. Money. This intermediary takes centre stage in judging the success of an individual, of a company, of a country and of the whole world itself by the money or value generated. It is expressed as income, profit and, for countries and the world, as the gross domestic product. Economic well-being has become inseparable from productivity. If producing something from nothing is impossible (I stand to be corrected here), the opposite must be true. Production requires materials and energy. We are very far from global, 100 per cent renewable energy and a 100 per cent circular economy. For these reasons, any product will require materials from finite resources... Read more
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