“Mainstream Economics is a Cult”

An excellent post on Washington’s blog exposing the cult of mainstream neo-liberal economics. An outgrowth of protestant theology, and social darwinism, it now threatens the welfare of the ecosphere as it panders to the worse elements in all our natures.

What to replace it with you ask? Schumacher pointed to the alternative decades ago in “Small is Beautiful” (wikipedia) – economics as if people mattered!

Schumacher:

“It is clear, therefore, that Buddhist economics must be very different from the economics of modern materialism, since the Buddhist sees the essence of civilisation not in a multiplication of wants but in the purification of human character. Character, at the same time, is formed primarily by a man’s work. And work, properly conducted in conditions of human dignity and freedom, blesses those who do it and equally their products.”