Bursting The Bubble Of Fairytale Economics | Jon D. Erickson | TMR
August 10, 2023
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34:50Now PlayingBursting The Bubble Of Fairytale Economics | Jon D. Erickson | TMR
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as posted by the channelSam and Emma speak with Jon D. Erickson, professor of sustainability science and policy at The University of Vermont, to discuss his recent book The Progress Illusion: Reclaiming Our Future from the Fairytale of Economics.
Jon D. Erickson then dives right into his concept of “progress illusion,” as capitalism’s fairytale of market-driven, hyper-privatized progress, defined by marginal benefits and hyper-individualized choices that completely ignore the biophysical realities of our planet and who we are as humans. Next, he steps back to discuss the ideological nature of economics, and why that must be understood in searching for who and what economic systems are built for, diving into the statistic of Gross Domestic Product as a symbol of neoliberal progress, and how it emphasizes privatized profits while ignoring the social costs. After tackling the idea of economic systems as our servants (rather than masters), Professor Erickson walks Sam and Emma through his view of a statistic that is conscious of public costs, as put into practice in Vermont, and where such a system still falls short.
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