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Re: [Pen-l] Re: The fundamental crisis response. was Ecological creditcrunch
- To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] Re: The fundamental crisis response. was Ecological creditcrunch
- From: "Jim Devine" <jdevine03@xxxxxxxxx>
- Date: Sat, 1 Nov 2008 14:32:58 -0700
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ravi wrote:
> I have made
> reference, in the past, to the First Law of Thermodynamics or the law of
> conservation of energy. As we continue to grow our consumption, our material
> wealth, our populations, etc, we will (and have) cross(ed) a point where we
> destroy the things that sustain us.
The first law only works for closed systems. The Earth is not one of these.
> how does one define
> "poverty"?
One definition is as having less economic, political, and social power
than anyone else in society, thus being dragged down by a vicious
circle of the sort that Gunnar Myrdal referred to. It's like being in
quicksand.
--
Jim Devine / "Nobody told me there'd be days like these / Strange
days indeed -- most peculiar, mama." -- JL.
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