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Earth’s Economy Glorifies Waste, Exploitation, Debt, Expediency and Magical Thinking

by Charles Hugh Smith, Of Two Minds:

Humanity appears to default to magical thinking when faced with untenable situations that demand systemic change.

How would extraterrestrial anthropologists characterize Earth’s dominant socio-economic system? It’s not difficult to imagine their dismaying report:

“Earth’s economy glorifies waste. Its economists rejoice when a product is disposed as […]