Some Things Have No Substitute[]
Current economic thought assumes all things are substitutable: if one thing is scarce or expensive, something else will take its place. While generally true for things provided by human labor, this is not true for things provided by nature. Naturally provided goods and services make human production possible.
Instead of: Damaging the ability of nature to provide key services and using up resources for which we have no substitute at an ever-increasing rate until they aren’t there anymore.
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Resources and References[]
- E. F. Schumacher outlined these principles, and ecological sciences support them, but to date these concepts have been actively rejected by mainstream economists.
- "The Wealth of Nature: Economics as if survival mattered" John Michael Greer p59
- "Only after the last tree has been cut down, Only after the last river has been poisoned,
Only after the last fish has been caught, Only then will you find that money cannot be eaten."
~ widely quoted as a Cree Indian Prophecy (or proverb). Origin not confirmed.
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