Bill Mitchell: Radical change is needed and mainstream economics will not be part of the solution

The mainstream voice reflects the past which has now after 4-5 decades of prominence delivered us a ‘poly crisis’.

The solutions are not to keep doing what we have but heeding the ‘hard economic lessons of the past half-century’.

Only through a return to collective goals of full employment and more equitable national income distribution, buttressed with first-class public services will we start to envision a future.

The one thing the economist got right was that thinking that “there are no trade-offs” will not cut it.

All of us have to radically change our consumption patterns, our material expectations, our housing designs and fitouts, our transports, etc

That alone will be painful for most.

At least reduce the pain by ensuring we can all work in sustainable ways and enjoy the dignity that that status brings.

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