The End of the Megamachine – Ed O’Rourke

Adam Smith had the idea that the market was a liberating force.  Fabian Scheidler shows that the One Percent made the rules and benefited from Day One.
I recommend examining his book and reading his commentary which will have some surprises.

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Today, most of the world’s 500 largest corporations could not survive without huge subsidies. The International Monetary Fund has calculated that states subsidize fossil fuels to the tune of five trillion dollars each year. Taxpayers are financing the destruction of the planet, to maintain the profits of the fossil fuel industry. The same goes for the automotive industry, aviation, big banks, and industrial agriculture.

The Roots of Our Planetary Crisis

To save humankind, we must transform what we think of as civilization.



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