Austerity in a Recession Is a Bad Idea
Juliet Schor: What we really need to do as a society is \r\ninvest in a series of activities and areas that we’ve been neglecting. \r\nThe average American is working longer hours today than he or she has, \r\nyou know, at any time since you know, for many, many decades.
What\r\n this mean is that as we have sort of over invested in money and \r\nconsumer goods and so forth, we’ve let other sources of wealth erode. \r\nWe’ve neglected our communities, our families, and our planet. So, \r\nausterity is really not addressing that issue. We’ve got to actually \r\ntake our effort, our money, and our effort to investing in the things \r\nwhich we have eroded. Because hollowing out our communities, hollowing \r\nout our families, long-hour lifestyles and so forth, undermine \r\nwell-being and they undermine our ability to actually have a more \r\nplentiful and abundant future.
One of the ways to think about \r\nit is that from the ecological point of view, it’s pretty clear we need a\r\n major shift to a whole new set of technologies. The technologies of \r\nthe industrial revolution which took nature as if it were endless and in\r\n free supply and we could pollute the atmosphere without paying \r\nattention to it, pollute our rivers, cut down all our trees, and so \r\nforth. Our technology, our economic system, the way we value things, \r\nit’s all based on that idea, which is a crazy idea and the sort of the \r\nchickens are coming home to roust on that as we’ve befouled the climate,\r\n run down our ecosystems and so forth to get to a new kind of production\r\n and consumption system which actually respects and restores the Earth, \r\nit means we’re going to have to do a lot of investing.
But \r\nthat’s investing at a local scale; at a smaller scale. It’s a whole \r\ndifferent economic model than the one we’ve been using.
Recorded on June 2, 2010
Interviewed by Jessica Liebman
As a society, we need to invest in areas and activities that we’ve been neglecting: our communities, our families, and our planet.
A federal judge ruled that the Trump administration likely violated the reporter's Fifth Amendment rights when it stripped his press credentials earlier this month.
- Acosta will be allowed to return to the White House on Friday.
- The judge described the ruling as narrow, and didn't rule one way or the other on violations of the First Amendment.
- The case is still open, and the administration may choose to appeal the ruling.
Progressive America would be half as big, but twice as populated as its conservative twin.
- America's two political tribes have consolidated into 'red' and 'blue' nations, with seemingly irreconcilable differences.
- Perhaps the best way to stop the infighting is to go for a divorce and give the two nations a country each
- Based on the UN's partition plan for Israel/Palestine, this proposal provides territorial contiguity and sea access to both 'red' and 'blue' America
The definition of a kilogram will now be fixed to Planck's constant, a fundamental part of quantum physics.
- The new definition of a kilogram is based on a physical constant in quantum physics.
- Unlike the current definition of a kilogram, this measurement will never change.
- Scientists also voted to update the definitions of several other measurements in physics.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.