Posted by: stephenhinton | October 26, 2011

Professor points out that present system is “incapable”

The economic system we have is incapable of delivering prosperity and the transition to a zero or negative carbon system we need, says professor Tim Jackson.

The system pulls economic resources through the system.  But nearly two billion are undernourished. If we not buy the system crashes, but if it continues we are in debt with a degraded environment. This is about  people being persuaded to spend  money they do not have, to buy things they do not need that create impressions that do not last on people they do not care about.

So people want to save. But it would be better if we spend. It is the system that creates these paradoxes.

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