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Capitalism Communism and Cowism - A New Economics for the 21st Century

Capitalism Communism and Cowism - A New Economics for the 21st Century

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Published by Sahadeva Dasa
The world is in search of an economic system that works for the
people and the Planet. And this search has been going on for the
last one hundred years without much success.
Industrial revolution started with capitalism but the communist
revolution overthrew it in many places. Socialism was proposed as a
viable alternative but it collapsed before too long. Capitalism in its various
forms and shapes is still running but every now and then it runs into
serious difficulties. One such difficulty has come in the form of U.S.
credit downgrade.
Endless debate is going on whether S&P, the rating agency, was
justified in stripping America of its AAA rating and — adding insult to
injury — even attaching a negative outlook to the new AA+ rating. But
this historic action has now taken place, and the global system must
adjust. There are consequences and there will be uncertainties.
Not so long ago, it was deemed unthinkable that America could lose
its AAA. Indeed, “risk free” and “US Treasuries” were interchangeable
terms — so much so that the global financial system was constructed,
and has operated on the assumption that America’s AAA was a constant
at the core, and not a variable. But this notion has been proven wrong.
So what is the solution when nothing seems to be working? To search
out a suitable economic system we need not go very far. We just have to
look back in our not so distant past. For thousands of years, humanity
has been sustained by an economic system which was in perfect harmony
with our environment, internal and external. This model was based on
land, domesticated animals and other gifts of nature. This was a
Preface
vii
viii
completely localized, decentralized, self-sufficient and nature dependent
model, based on the concept of ‘plain living and high thinking’.
We may like it or not, but our time and options are running out.
Our present economic paradigms are leading us fast on the path of self-annihilation. This book presents a viable alternative to the modern economic system.
The world is in search of an economic system that works for the
people and the Planet. And this search has been going on for the
last one hundred years without much success.
Industrial revolution started with capitalism but the communist
revolution overthrew it in many places. Socialism was proposed as a
viable alternative but it collapsed before too long. Capitalism in its various
forms and shapes is still running but every now and then it runs into
serious difficulties. One such difficulty has come in the form of U.S.
credit downgrade.
Endless debate is going on whether S&P, the rating agency, was
justified in stripping America of its AAA rating and — adding insult to
injury — even attaching a negative outlook to the new AA+ rating. But
this historic action has now taken place, and the global system must
adjust. There are consequences and there will be uncertainties.
Not so long ago, it was deemed unthinkable that America could lose
its AAA. Indeed, “risk free” and “US Treasuries” were interchangeable
terms — so much so that the global financial system was constructed,
and has operated on the assumption that America’s AAA was a constant
at the core, and not a variable. But this notion has been proven wrong.
So what is the solution when nothing seems to be working? To search
out a suitable economic system we need not go very far. We just have to
look back in our not so distant past. For thousands of years, humanity
has been sustained by an economic system which was in perfect harmony
with our environment, internal and external. This model was based on
land, domesticated animals and other gifts of nature. This was a
Preface
vii
viii
completely localized, decentralized, self-sufficient and nature dependent
model, based on the concept of ‘plain living and high thinking’.
We may like it or not, but our time and options are running out.
Our present economic paradigms are leading us fast on the path of self-annihilation. This book presents a viable alternative to the modern economic system.

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Published by: Sahadeva Dasa on Jan 23, 2012
Copyright:Traditional Copyright: All rights reserved
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