Ten Economic Myths - NI 488 - December 2015 - New Internationalist New Zealand

Ten Economic Myths - NI 488 - December 2015

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A note from the editor

Wrong prescription.

Does repeating a thing make it true? The followers of mainstream economic dogma must surely think ‘Yes’. After the financial crash of 2008 and the malaise ever since, they haven’t changed their tune much. Their prescriptions don’t work but the patients – you or me – are still being dosed with ‘freemarket’ medicine.

It’s enough to make one go a funny shade of green.

We’ve worked on this edition in the spirit of providing something of an antidote. The economic bottom line is inevitable, say the powers that be. Just the way things are. Well, we – and an ever-growing legion of dissenting economists and fed-up-to-the-back-teeth members of the general public – say, ‘No’. These cherished myths are causing real harm and we need to ditch them.

A big thank you to my co-writer and fellow myth-buster on The Big Story this month – former New Internationalist co-editor David Ransom, who has brought his wit, insight and engagement to bear on it.

Among other features this month is an unusual piece by Suprabha Seshan, who is director of a botanical sanctuary in South India. It’s the kind of ecological writing that has a heartbeat. Meanwhile, regular columnist Steve Parry’s ears are ringing after being subjected to much Twittering.

Dinyar Godrej for the New Internationalist co-operative.

This issue is available to purchase as a paper edition here, or you can buy the digital edition individually or as part of a digital subscription at digital.newint.com.au