Why Economics is Wrong

An excellent 20 minute talk from William Rees at the Institute of New Economic Thinking conference on how Economics is completely wrong modelling human ecological production.



If you don't understand it, watch it twice. It's really that important.

And if you're an economist and refuse to believe it, pick up some of the following for your reading list.

A Safe Operating Space for Humanity (Nature, 2009)
Towards a Green Economy: Pathways to Sustainable Development (UNEP, 2011)

Oh, why is this on an energy blog? Because economy drives energy usage and energy resources are a crucial part of our ecology. It's all connected. Thinking within the constraints of old academic domains will not lead to one really understanding the big picture.

Wesley Clark : We have a plan to take over Arab and African Oil Countries (since 2001)

Non-violent civil uprising in Egypt is already failing as the US jackals have taken over along with the Egypt military. This is merely a geostrategic move as Egypt is not important for it's oil reserves (it's a net importer).

However, the same cannot be said of Libya, Lebanon, Syria, Iran, Iraq, Afghanistan and Somalia.

"The Truth is about the Middle-East - had there been no oil there, it would be like Africa. Nobody is threatening to intervene in Africa." 

- Wesley Clark (retired general of US Army)

Nothing new here, this was already leaked in 2002, but a good reminder of what the playbook was and is.