Shahab Sabahi
Energy and Environment for Development – Policy Analysis Research Group
The fact is that by nature capitalism has tendency to form cartels, shuffle off the costs of pollution and collapse under the weight of its own innovative financial instruments needs to be regulated by laws in order to employ its capacity for the general good. Business needs governing, as all organizations for reaching their optimal performance require law.
The question of the essence of progress and the necessity of a revision on it is critical in our days. It is crucial for economics to rethink about the application of the concept of progress. Too often it seems human interest gets subsumed to the market, that the is treated as absolute. A thing is often fundamentally worth more than what its buyer will pay for, something that can get lost by a science so focused on a particular theme.
Progress can become empty and mathematical, and conceal our possibility to be authentically be in the world (Heidegger) Heidegger critiques modern technological progress, and conceives of a truthful and correct attack on it. Businesses have an incentive to inflict common costs for financial gain which it makes the uncomfortable feeling with capitalism. In the liberal political structure the financial gain allows capitalism invests in the political power to manipulate policies and regulations. This political investment and politics-corporations close relationship will yield payoffs by the means of financial and externalities deregulation and dysfunctional policy (such as energy)
The sense of progress is often defined in terms of quantities. It could measure in a way to answer “to what extend the human needs of those quantities are fulfilled”. Our social, economic, and environmental systems are profoundly integrated and the quality of these links is by far, significant to the progress of the modern human
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