9 Myths about the Economy

9 Myths about the Economy

This is from an article in the Yes! Magazine's online newsletter. Yes! magazine is published by the Positive Futures Network, and is listed as one of our Hotlinks; you can find a link to that blog entry on the right side of this webpage.

I've excerpted the essence below. Click this link to access the entire thing, which has other information and many marvelous links:

http://tinyurl.com/nmvbj7[Open in new window]

The measure of a healthy economy is a growing [GrossDomesticProduct].

A healthy economy meets real needs within ecological limits.

All you need is money.

You can't eat money. What we need is healthy families, communities, and ecosystems.

Booms and busts are inevitable in a modern economy.

The boom/bust cycle is a result of letting banks create money. Wall Street is the engine that powers our economy.

Most real economic activity is local.

Corporate banks are too big to fail. We need them to keep our economy going.

Small, responsible banks and credit unions build real wealth in our communities.

The smart investor insists on high returns.

Slow community investments pay back in dollars and quality of life.

Well-run businesses require a hierarchy of highly paid executives.

Worker co-ops are efficient and democratic, and workers keep the profits. [Rev. Alia comments that not every business should be a worker co-op; some would be better with other structures.]

The freedom to do ecological damage improves the business climate.

If we destroy the environment, there is no business … or climate.

Large corporations are efficient, innovative, and create jobs.

Locally rooted small- and medium-sized businesses create the jobs and innovations we need.

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