Book Review: ECONOMICS UNMASKED
From power and greed to compassion and the common good
by Sarah (Steve) Mosko, PhD
- Fullerton Observer, Mid Feb 2012, p 14
- Surf City Voice, 29 Jan 2012
If you are looking for a passionless primer on modern economics spouting platitudes about how western style capitalism, unregulated markets and globalization are fail proof and good for all, this book is not for you.
If, instead, your guts tell you something is seriously amiss when the gulf between the rich and the poor is ever widening and the health of the planet is on a steady decline, then you will find this book vital and loaded with truths.
The authors are a physicist and an economist who joined forces in this exposé on how the predominant economic paradigm driving the world’s economies today is based on less-than-lofty values: greed, competition and accumulation. These values are so universally sanctioned that no apology is deemed necessary even though it can be shown that wealth accumulated through such a system leads to immeasurable human injustices and environmental ills.
The book discusses how this paradigm fosters rapid economic expansion “at any cost” to people or the planet. It is fed by the uncontrolled consumption of fossil fuels and a belief that consumerism is the path to happiness. Furthermore, the paradigm functions to concentrate power and wealth in the hands of a small minority.