|
To carry out and finance this process of decanting we need to invent new methods of redistributing the fruits of productivity. The traditional one based on withholding taxes and national expenditures is no longer sustainable in a richer, ever more restless and frightened society. It is clear therefore that the classic economic theory is no longer able to solve the growing disarray in the world. Economists continue to conceive the system as a mechanic process where supply and demand are like oscillations in a pendulum. It is enough to consult any text on economics to understand that the economy, in brief, is a "giving" and "taking" process based on curves of supply and demand. When the demand of a certain good or service increases, the price rises. When it rises too high and the demand weakens either it concentrates on other goods and services, or the price lowers.
(24:5)
|