Our present economic system produces an endless series of resource-motivated wars. In addition to the enormous suffering, waste, injustice and ecological destruction produced by modern wars, we must recognize that in an era of thermonuclear weapons, war has become prohibitively dangerous. Therefore we need a new economic system.
John Scales Avery, Countercurrents.org
Journalism with real independence and integrity is a rare thing. All reader supported Evergreene Digest relies - exclusively!- on reader donations. Click on the donation button above to make a contribution and support our work.
09 August, 2015 | Hobson's explanation of colonialism
The Industrial Revolution opened up an enormous gap in military strength between the industrialized nations and the rest of the world. Taking advantage of their superior weaponry, Europe, the United States and Japan rapidly carved up the remainder of the world into colonies, which acted as sources of raw materials and food, and as markets for manufactured goods. Between 1800 and 1914, the percentage of the earth under the domination of colonial powers increased to 85 percent, if former colonies are included.
The English economist and Fabian, John Atkinson Hobson (1858-1940), offered a famous explanation of the colonial era in his book "Imperialism: A Study" (1902). According to Hobson, the basic problem that led to colonial expansion was an excessively unequal distribution of incomes in the industrialized countries. The result of this unequal distribution was that neither the rich nor the poor could buy back the total output of their society. The incomes of the poor were insufficient, and rich were too few in number. The rich had finite needs, and tended to reinvest their money. As Hobson pointed out, reinvestment in new factories only made the situation worse by increasing output.
John Scales Avery is a theoretical chemist noted for his research publications in quantum chemistry, thermodynamics, evolution, and history of science. Since the early 1990s, Avery has been an active World peace activist.
Full story …
Series | The Need for a New Economic System, Part 3: Climate Change and the Urgent Need for Renewable Energy
One of the greatest threats to the survival of the human species and the biosphere is catastrophic climate change.
Series | The Need for a New Economic System, Part 2: Entropy and Economics
We urgently need to shift quickly from fossil fuels to renewable energy if we are to avoid a tipping point after which human efforts to avoid catastrophic climate change will be futile because feedback loops will have taken over.
Series | The Need for a New Economic System, Part 1: Limits to Economic Growth
It is obvious that on a finite Earth, neither population growth nor economic growth can continue indefinitely.