Thursday, 17 August 2017

Some things we can and should change


In her feature-length documentary, Marilyn Waring demystifies the language of economics by defining it as a value system in which all goods and activities are related only to their monetary value. As a result, unpaid work (usually performed by women) is unrecognized while activities that may be environmentally and socially detrimental are deemed productive. Waring maps out an alternative vision based on the idea of time as the new currency.


Money itself has no value, rather, money is an information system by which we indicate to others what we value. Our current system of economics is flawed in that it caters only for a limited set of values. As a result, we have created a society based only on this limited set, ignoring the others. The most effective way to create a better society is to create a new system of economics.
If we don't like the way things are, we are better off putting our energy into creating new entities supported by new values-systems...


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