Posts Tagged 'Economics and Society'

Coming soon… Creative Destruction: how to start an economic renaissance by Phil Mullan

Phil Mullan discusses his new book, Creative Destruction, out in March.

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Phil Mullan


The mature economies have been stuck in a long, contained depression since the 1970s.

The pressing question that arises is not why investment and productivity have been so weak, important though that is. Rather, it is whether we are hitting the limits of effectively muddling through this dismal reality.

The financial crash of 2008 was the first significant indicator that sustaining reasonable living standards could no longer rely on an ever-expanding financialised debt economy. The subsequent recession was one of the sharpest since the 1930s but thankfully the system’s collapse was avoided. Can we expect to be as fortunate when today’s bubbles burst?

This book explores the interaction between the forces of productive decay and the sources of resilience that have characterised Western economic history for almost half a century. In particular, it highlights the consequences of state interventions that have sought economic stabilisation, but have unintentionally entrenched economic stagnation. Governments have brought about a corporate dependency that is as debilitating for the economy as the welfare dependency they have created for individuals.

“A zombie economy: an economy dead in productive dynamism that is being propped up to ensure the semblance of life.”

Continue reading ‘Coming soon… Creative Destruction: how to start an economic renaissance by Phil Mullan’

It’s Time to Change Our Approach to Change

While many are wary of Donald Trump’s next steps as president, others are eagerly anticipating the changes that their chosen candidate has promised them. However, is voting really enough to incite progressive economic change? Joel Magnuson, author of From greed to wellbeing, argues that we must all do much more to bring about real change to society. 

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Joel Magnuson

Donald Trump’s ascension to the White House does not signify a new beginning or a new era.

Quite the opposite – Trump and his band of reactionaries symbolize the last gasps of a greed-inspired economic system that is crumbling into obsolescence. But like so many instances of imperial decline, this can also signal a time of regeneration. Like the yin and the yang, disintegration and renewal are both aspects of the same process of change. And change we must.

Climate change, financial system instability, and global resource depletion remain the most profound crises of the 21st century, and they cut across all national boundaries and cultural identities. As we look to the future and at our current circumstances, it seems clear that societies everywhere will have no choice but to completely rethink how to address these major problems in our economies. Particularly in the United States.

Continue reading ‘It’s Time to Change Our Approach to Change’


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