One way to radically change the market economy and “make it conform to the principles of life, instead of those of death” is simply to account for true costs, i.e. no more externalities. In other words, before we can place any rational value on goods and services in the market economy, we must know the values of inputs from and impacts on the social and ecological economies. Otherwise our market values might as well be randomly pulled out of a hat (or other cavity).

PR

Market economy believes it is quite ok to squander, pollute, kill, and generally wreak havoc with Nature, People and Society. I believe we must recognize this role of the market economy and its destructive core, financial speculation. We need to figure out how to limit its influence on the real economies, or better yet radically change it to make it conform to the principles of life, instead of those of death.