An extract from 'The Fire Economy - by Jane Kelsey
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Finance has replaced industry as the driver of wealth creation in affluent countries including New Zealand – a transformation known as financialisation.
Joanne Sharp Sat 18 Jul 2015 3:25AM
Good review, I'd like to read the book. One of the most painful things about being fully AWARE of what's happening in the world is watching it slowly unfold. Like watching a train wreck or airplane crash in slow motion. And not being able to convince other people that it's happening...
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Vicky White Sat 18 Jul 2015 8:59PM
Thanks Pamela - Seems to be human nature to need big wake up calls, and it's coming. NZ may have not suffered as many other countries have.... so far but the signs are definitely coming thick and fast right now.
Joanna Santa Barbara Sun 19 Jul 2015 8:27PM
Jane Kelsey adopts the useful role of critic here, and doesn't set out to outline alternatives. (Naomi Klein takes the same role in 'This changes Everything'). For altenatives see the classic Herman Daly text 'For the Common Good' and Peter Victor's 'Managing without Growth', and 'Ecological Economics' by Herman Daly and Josh Farley.
Pamela M Bramley · Fri 17 Jul 2015 9:19AM
An interesting article on financialisation in NZ
http://scoop.co.nz/stories/HL201507/S00101.htm