Economic Insanity Close Up | Dissident Voice

Capitalism as it is practiced is economically insane, and it is devouring the American dream. So says the author of one of the books I have reviewed. Part 2 of this series adapts and adds to that review.

Roger Terry wrote a book in 1995 on “economic insanity” (no, it isn’t a “mis”fortune telling of the insane economic meltdown of 2008 thirteen years later). He’s certainly not a mainstream economist nor do I think even a maverick one. Rather, I assume business management is his professional field because he mentions once having students in his management classes in the Marriott School of Management at Brigham Young University. He is the co-founder of the “funcompany,” which is in the publishing and stationary business. His company gives him an opportunity to practice some of what he preaches.

Terry contends that the growth-driven capitalism of big, authoritarian, and unaccountable organizations is devouring the American dream. As proof he points to the erosion of the good life of being happy; how we have become a nation not of citizens but of consumers of “life-style enhancing” things, yet in actuality we produce more (in waste) than we consume in products and services; how seeking limitless economic progress is both illusory and self-destructive; how we live in a capitalistic society, but most of us are dependent wage earners, not independent capitalists; and how the rich are getting richer and the poor are getting poorer-an inevitable result…

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