What’s Needed – Changes in Our Economic System
Our current economic system in the United States and throughout most of the world is complex, but some of its prominent features are:
1. Decisions are made on the basis of what will be most profitable, not on the basis of what will serve the common good or the health of the planet
2. Tremendous amounts of wealth continue to be accumulated by a small number of people, while many people have very little. (In the U.S. today the top 10% of the population has 70% of the wealth, while the bottom 50% of the population has 2% of the wealth.)
3. The system depends on endless growth–in production, extraction, and consumption.
Such a system has many consequences. Two major consequences are:
1. This system has caused and is perpetuating the devastating global climate crisis.
2. This system makes it very difficult, and in some cases impossible, to do what needs to be done to solve the climate crisis.
This is not to say that we must create a new economic system before we can do anything about climate change. As we take action on the climate crisis, however, we will need to challenge the current economic system on many fronts. We will need to think and act outside its prevailing paradigms, especially the three identified at the top of this piece….
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