What would a fair and just economy look like? This isn’t a new question. It isn’t even new since the Great Recession, when reckless speculation proved much American economics was founded on air. People of wisdom and learning have asked that question since at least Adam Smith and Karl Marx, and come no closer to an answer that satisfies everyone. Poet and farmer Wendell Berry suggests we’ve been looking in the wrong direction.
Berry, who has worked the same stretch of Kentucky highland his entire life, grounds his economy in judicious management of resources; and for him, the foremost resource is land. His use of “land” broadly encompasses water and air, forests and pastures, which humans must manage, not merely use. Humans arise from land, and humans create money; any economy that places money first inverts, and thus destroys, the natural order.
America, and the world generally, has fallen under sway of “autistic industrialism,” in Berry’s words, a laser-focused belief that man-made technologies will solve everything. This finds its apotheosis in a financial services industry that sees its dollar-sign output as superior to whatever it places a price on. And it works exclusively through creating ever increasing demands: Berry writes, “Finance, as opposed to economy, is always ready and eager to confuse wants and needs.”
Read all of "Building an Economy From the Soil Up" by Kevin L. Nenstiel at hs blog, WordBasket.