25th October 2014
Three Questions: What do you propose?
by Peter Joseph
In this video, Peter Joseph asks: can you resolve all three questions/problems logically without realising the need to remove the market economy?
1) Given the market economy requires consumption in order to maintain demand for human employment and further economic growth as needed, is there a structural incentive to reduce resource use, biodiversity loss, the global pollution footprint and hence assist the ever-increasing need for improved ecological sustainability in the world today?
2) In an economic system where companies seek to limit their production costs (“cost efficiency”) in order to maximise profits and remain competitive against other producers, what structural incentive exists to keep human beings employed, in the wake of an emerging technological condition where the majority of jobs can now be done more cheaply and effectively by machine automation?
3) In an economic system which inherently generates class stratification and overall inequity, how can the effects of “Structural Violence” – a phenomenon noted by public health researchers to kill well over 18 million a year, generating a vast range of systemic detriments such as behavioural, emotional and physical disorders – be minimised or even removed as an effect?