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Remaking the Real EconomyEscaping Destruction by Organised Money$
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Gordon Pearson

Print publication date: 2020

Print ISBN-13: 9781447356585

Published to Policy Press Scholarship Online: May 2021

DOI: 10.1332/policypress/9781447356585.001.0001

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PRINTED FROM POLICY PRESS SCHOLARSHIP ONLINE (www.policypress.universitypressscholarship.com). (c) Copyright Policy Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PPSO for personal use.date: 23 May 2022

Systemic action for progression without destruction

Systemic action for progression without destruction

Chapter:
(p.125) 8 Systemic action for progression without destruction
Source:
Remaking the Real Economy
Author(s):

Gordon Pearson

Publisher:
Policy Press
DOI:10.1332/policypress/9781447356585.003.0008

The global imperative is for environmental stewardship, which will need to be led by the advanced nations of the world. Action must not be delayed till global agreement has been achieved. Less developed nations will not enjoy the freedom of action enjoyed by advanced economies when they were entering their growth phase, for example, by freely burning readily available fossil fuels. Advanced economies will need to assist less developed nations through this phase of global economic development. The social-infrastructural economy needs to be rebuilt by excluding operations which exist to maximise shareholder take. The progressive-competitive economy needs to be re-established by revising effective competition and breaking up monopolies and cartels. The technological-revolutionary economy needs to be refocused on the necessary sustainability revolution. Necessary actions are proposed including restoring progressive taxation of income and wealth, restraining organised money and completely displacing neoclassical belief.

Keywords:   Environmental stewardship, Progressive taxation, Restraining organised money, Displacing neoclassical belief

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