‘Dramatically Poisonous’ Economy Heading to ‘Catastrophic’ Collapse, Says Acclaimed Economist
The economy is to serve the people, not the people to serve the economy — Manfred Max-Neef
Human World Order
September 25, 2010
Acclaimed economist Manfred Max-Neef, author of the award-winning book From the Outside Looking in: Experiences in ‘Barefoot Economics’ recently appeared in a must-see interview on Democracy Now where he says a second, more catastrophic crisis is unavoidable because our economic model is “dramatically poisonous.” Max-Neef explains that “Greed is the dominant value today in the world and as long as that persists, we’re done!” But he doesn’t just mean done economically, he means done as a species.
Going beyond facts and figures to describe economics, his philosophy is based on a macro-world view, where he accounts for the biosphere, human creativity, security and happiness, and life in all of its manifestations. He reveals that the majority of economists have great knowledge, more than ever before, but they lack understanding. The two differ as, “knowledge is a function of science, whereas understanding is holistic,” explained Max-Neef. Using the metaphor of love to simplify: we may read and accumulate great knowledge about love, but we can never fully understand it until we fall in love and experience it.