Problem

Dominance of economic motives


Experimental visualization of narrower problems
Other Names:
Lack of social resistance against economic progress
Economic rationalism
Excessive dependence on economic paradigms
Dependence on outdated economic growth paradigm
Economism
Nature:

In the contemporary world, economic development has become a goal in its own right divorced from the intricate web of relationships in which any economic system national or global is inevitably situated. This orientation had led us by the nose to the grave crises that confront us at almost every turn: the widening gulf between the super-rich and the everyone else; climate disruption; and politics dominated by giant corporations and wealthy individuals.

Today's images of what is meaningful in life tend to be confined to better goods and services. Not only do systems of livelihood focus initiative on the basis of profit, but the whole of everyday experience is towards action incited by superficial symbols.

Economism is a philosophical doctrine which claims (implicitly or explicitly) that the economics of the accounting bottom line determines the structure and ethos of society and should therefore be unconditionally obeyed. As such consumerism and advertising are merely tools of economism. This perspective impoverishes individuals as existential beings and cheapens them with regard to what they can become, robbing them of their spiritual heritage. From an ecological perspective, economism is based on false accounting, since the profit it shows is often illusory because some parameters and costs are hidden and omitted. Economism is based on the ethics of selfishness, of competition, of ruthless disregard for all beings, in the pursuit of immediate material profit. It is further limited because of its myopic concept of reality as reduced to an economic substratum. As such economism is an extreme form of reductionism, reducing the world and human beings to economic categories and commodities. This is a vulgarization of the world on the ontological level.

Related UN Sustainable Development Goals:
GOAL 8: Decent Work and Economic GrowthGOAL 10: Reduced InequalityGOAL 16: Peace and Justice Strong Institutions
Problem Type:
F: Fuzzy exceptional problems
Date of last update
16.10.2019 – 17:06 CEST