Yesterday I wrote about air money, and I explained that one reason companies can look more profitable than they are is because our standard accounting practices don’t require them to mention that, oh, by the way, they just destroyed a stream and ruined the health of a community of ten thousand humans and countless critters and microorganisms, and what’s more, they’re not required to pay for the losses. So what’s this talk about economics and externalities doing in a nature and spirituality blog? Read More…
Tag Archives: financial crisis
The present economic crisis has been explained in many ways: a mortgage meltdown, a housing bubble burst, the collapse of fancy financial instruments. But all of these explanations point to a problem that plagues our economic system at its core: … Read More…