Paul B. Farrell: Myth of Perpetual Growth is killing America

[marmar]

Myth of Perpetual Growth is killing America
Commentary: Everything you know about economics is wrong

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, everything you know about economics is wrong. Dead wrong. Everything. The conclusions of economists are based on a fiction that distorts everything else. As a result economics is as real as one of the summer blockbusters like “Battleship,” “The Avenger” or “Prometheus.”

The difference is that the economic profession is a genuine threat, not entertainment. Economics dogma is on track to destroy the world with a misleading ideology.

Why? Because all economics is based on the absurd Myth of Perpetual Growth. Yes, all theories and business plans based on growth are mythological.

Economists are master illusionists who rely on a set of fictions, fantasies and forecasts that emanate from a core magical mantra of Perpetual Growth that goes untested year after year. ...................(more)

The complete piece is at: http://www.marketwatch.com/story/myth-of-perpetual-growth-is-killing-america-2012-06-12?link=home_carousel

[get the red out]

1. He's right

And there is no way to stop this. Capitalist propaganda rules, population control is an unmentionable, and we are rushing head-long toward a cliff with no brakes.