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Technostructures and the black magic of economics

Part of the ecological and economic disconnect we speak about is described in this passage by Yanis Varoufakis. If you book a ticket on line for the train you pay 75p that goes to Train-line, which is owned by another 5 shell companies. Your 75p traveled approximately 22 times between London and the isle of man and jersey and then Luxembourg before ending up with a company called KKR in the United States. Where it will merge into financial flows of other similar tiny payments in a technostructure that has nothing to do with the market place which no state controls and yet is aided and abetted by state legislation that your members of parliament voted for without realising they are doing it.

So what kind of space is there for democracy in this kind of technostructure. A technostructure that has four manufacturing processes happening at once. One is a process of manufacturing prices, manufacturing desires, marketing and the paraphernalia of processes that instruct us as to what we actually like even before we like it. Thirdly a process that manufactures money. Also most money is conjured up from thin air in the black magic of economics by the same technostructure mentioned. Structures that F.E. Banks describes succinctly.

“Economics is involved with an understanding of the behaviour of mod­els – and many of these models have no relation to any state of nature that has ever existed on this planet, or any that is likely to exist between now and doomsday. The word that comes to my mind when confronted by these fantasies is fraud.“

These economic fantasies are that caused 2008 financial crash Then, what did we do? Started all over doing exactly the same thing, using exactly he same models. The criminals that perpetually execute the crimes and fraud are richer now than they have ever been. But what else are people to do? Again we can quote Buckminster Fuller “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” There are alternatives.

Participatory Economics
Manfred Max-Neef on Barefoot Economics
Worker Co-Ops Rising

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