We are a colony of maggots, feeding off nature’s bloated corpse while economic policy makers soothe our troubled minds with lies. Not to worry, they tell us, things will get better – we’re making progress – the key is more liquidity, more stimulus, more credit, more consumption, more growth.
It’s time call their bluff.
This book is a battle plan. We attack the massively fortified system of thought control in which the same tenured forces have been entrenched for fifty years. We take on this powerful intellectual army whose generals include Milton Friedman, Alan Greenspan, Gregory Mankiw, Paul Krugman … who have boots on the ground in Summers, Bernanke and Geithner plus the heads of the International Monetary Fund and the World Bank … and whose foot soldiers are the thousands of business and economics professors all over the world. They all have the same mission: to perpetuate growth and consumption at any cost. We cannot stand idly by and allow these old-school practitioners of a failed paradigm to keep calling the policy shots. Ten more years of their brand of economics will send our planet into a tailspin from which we may never recover.
In this section of the book, we identify five cracks in the foundation of the neoclassical paradigm, five soft spots to start hacking away at.