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When do we get to hear something new about economics?

November 1, 2008 in Barry's Rant, Environment by barry

I was waiting for a take away coffee and I saw today’s Sydney Morning Herald.  While I love it when the Markeeters and Fund Cowboy’s start crying fowl because the circumstances others have had to face that lead to fat commissions are now at play on them, I was more struck by a question.  Why would anyone care what the likes of Access Economics thinks about the current financial crisis.  We are in the direct consequences of their advice for the past 10 years.  They have, apparently been so wrong that the only measurable output from their advice right now is the largest financial crisis since the great depression.

When will we start to hear from credible analysts that have a different world view?

As Albert Einstein said “We can’t solve problems by using the same kind of thinking we used when we created them.” (Ref Quote )

While we have an incredibly severe financial crisis on our hands, it is dwarfed in both size and immediacy by the changes in the planets climate.

Planetary Change is bigger than all of the economies in the world, if only because to totally encloses them.

We must have more and very different ideas to provide us with an alternative to the vision that is able to ignore the single largest threat to civilisation ever encountered.  This is bigger than the last Ice Age, at the level of the organism the change is on a par with the extinction event that saw off the dinosaurs.

And we engineered this one.

To quote a very smart man “”We can’t solve problems by using the same kind of thinking we used when we created them.” - Albert Einstein

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