Earlier this week, Peter Joseph and The Zeitgeist Movement published a video providing three essential questions regarding the current system that we live in. Essentially, the group is asking for answers to these seemingly impossible-to-answer questions that strike at the heart of the current market system.
I firmly believe that if you can sit through this video and still feel that the current system must be maintained then you are either delusional or ignorant. Possibly, you have an answer to these questions that differs from the answers obtained? If so, feel free to comment via the YouTube link and let them know your answer to these questions.
Read more for Questions / Answers.
“Given the market economy requires consumption in order to maintain demand for human employment and further economic growth as needed, is there a structural incentive to reduce resource use, biodiversity loss, the global pollution footprint and hence assist the ever-increasing need for improved ecological sustainability in the world today?”
Answer: No. Consumption is the fuel of the market system. The goals should be to: 1) Meet the needs of the population and 2) Meet them in the most strategic, efficient and conservative manner possible. However, this clearly does not occur due to the Market Paradox.
Market Paradox: “The market justifies its existence by the recognition of scarcity but due to its structural mechanics, actually promotes and rewards infinite consumption.”
“In an economic system where companies seek to limit their production costs (“cost efficiency”) in order to maximize profits and remain competitive against other producers, what structural incentive exists to keep human beings employed, in the wake of an emerging technological condition where the majority of jobs can now be done more cheaply and effectively by machine automation?”
Answer: There is none! It is truth that the job you are currently employed at will likely be automated in the not so distant future. This phenomenon has been hidden in the past due to the slow advancement of technology, however with the exponential rate of increase, nearly all of us will be unemployed to the great robots soon. This is simply market logic. There is no structural incentive to change anything here. This cannot be fought by legislation. One company who wishes to keep humans employed will simply be put out of business by a more ruthless employer who is able to decrease the cost of his goods due to the savings of automated work. The only way to deal with this is by acknowledging it and changing our current economic system.
Oh, and remember the important note: All is takes is a 20-30% rate of human unemployment to destabilize society into disorder and outrage.
In an economic system which inherently generates class stratification and overall inequity, how can the effects of “Structural Violence” – a phenomenon noted by public health researches to kill well over 18 million a year, generating a vast range of systemic detriments such as behavioral, emotional, and physical disorders – be minimized or even removed as an effect?”
Answer: It can’t be eliminated or minimized. This is a pillar of the current consumption based society that we currently live in. It inherently creates inequality and thus structural violence. “The leading cause of death is relative and absolute poverty. Every single year the near equivalent of two holocausts, nearly 20 million people are killed by the inefficiency inherent to the market economy and its mathematical inevitability to create large class divisions and resulting human deprivation.”
Low socioeconomic status is the leading cause of death on planet Earth. Therefore, the market is the leading cause of death on the planet today.