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Wrap up -- Financial crisis derives from the Politics of Greed: Part VI

by Horace Carby-Samuels, Economist

Greed
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In today’s complex industrial world, people have to trade, in order to access the wherewithal to live. As a result, under the guidance of capitalist doctrine, economic analysts, focus on various aggregations of financial trade and market activity, to indicate how effective the resource and time commitments of persons (in their respective societies) have been. However, human evolution as consciousness-guided beings, did not materialise because of the presence of money, and because of the profit to which financial trades contribute. Instead, human evolution occurred in an environment where respective persons and their collectives, managed their effort commitments, while they at the same time recognized that mental accommodation was a part of their living. Therefore, persons come to recognize that Man [and Woman] Does Not Live by Bread Alone.

Meanwhile, the economic management commitments that human economic agents make in behalf of market-centred trade, are important. However, those market centred effort commitments are only a part of the effort and resource commitments that make up the content of the lives of human economic agents. Furthermore, they are neither the pivot nor the catalyst, which ensures that persons will gain access to the enhanced quality-of-living that they seek.

Because Man [and Woman] Does Not Live By Bread Alone, if the enhanced quality-of-living that human economic agents seek is to accompany forthcoming aggregate economic development, the framers of policy and the management of programs, need to cease focussing primarily on what the results of market activity show. However, an economic system also pivots on laws that mediate prevailing patterns of access to and also the management of the environment and its resources. Accordingly if enhanced quality-of-living is to be delivered, the structural background system which is in place, needs to focus on promoting enhancement of the opportunities of human economic agents to secure (from their time and resource commitments), survival which is comprised of an informed blending with the evolution of their natural environment.

Capitalist doctrine and practice, ignores and also seeks to distract human economic agents from their historic evolutionary commitment to achieving a mind-guided quality-of-survival. Furthermore, that achievement will accompany the opportunities of human economic agents to have an informed understanding, and co-operation with the autonomous rules under which their natural environment operates.

Human economic agents are an integral part of a sentience-centred universe. As a result, the success at the business of living which persons achieve, must be defined in Consciousness-related rather than principally in financial achievement terms. In addition, that sentience-centredness within which human effort and resource management (in behalf of quality-of-living) must proceed, points to a critical behavioural necessity. Conscious human economic agents (in that sentience-centred universe) will need to practice mutuality with each other, and also with the natural environment.

In contrast, capitalist education and socialization, promotes the acquiring of more in-depth information about the technical attributes of the natural environment, primarily so that persons may better function as money-making machines (human capital), that will generate items in trade from the environment. That is why it is not realistic to expect that social development, which is managed (or which is allowed to proceed) under the guidance of the capitalist doctrine, will be anything other than money/(“bread)-centred.

Quality-of-Living and Human Development  

Quality-of-Living and Human Development is a book for further reading on this subject.

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The admonition, that “Man [and Woman] Does Not Live by Bread Alone”, appears th have been intended to remind us that, if a high quality-of-living is a target that human economic agents seek, the generation of more “bread” from manipulation of the natural environment, is not the critical emphasis.

Instead, analysts of economic development performance will need to recognize that persons regard the business of living as being mixes of mind-directed time and resource commitment activities, in which they participate toward securing enhancement in their quality-of-living. However, that sought high quality-of-living will be forthcoming, only when the time and resource-allocative actions of persons are under the guidance of their comprehension of the natural environment, and of how it operates. Additionally, that environmental awareness must extend to an acceptance of their sentience-linked bond with it – and therefore, with each other.

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Part of a series of Related Articles

 Go to Part I >>

About the Writer:

Horace Carby-Samuels is an Economist. He is the author of the book entitled Quality-of-Living and Human Development, that is published by Agora Publishing Consortium. Review this book at your local bookstore or library. Agora is a not-for-profit book publisher in support of critical public education, human rights, and social justice.

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