New Economics: The Backpacker, Capitalism, and Self-Sufficiency

Unchecked capitalism fuels inequality, materialism, but economic growth funds taxes, welfare, and aids the poor during crises like COVID.

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Balanced capitalism requires checks, welfare, retraining, and focus on self-sufficiency to address market changes and empower individuals.

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Rebalancing shareholder focus fosters fairness, counteracts materialism, as studies show its detrimental impact on well-being and relationships.

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Reviled, materialistic, and socially harmful, the focus on "Shareholder Value" creates a vicious circle of pressure and distress.

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Keynes predicted a future of minimalism, self-sufficiency, and reduced work hours, where the pursuit of affluence would diminish.

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Keynes' ideas stay relevant as GDP per person grows, sparking debates on sustainability and the emergence of the degrowth movement.

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Self-reliance empowers individuals and communities to meet essential needs sustainably, reducing reliance on external assistance.

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UN urges governments to ensure the "Right to Work" without discrimination, equal access, and adequate living standards for all individuals.

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