Graham Townsend
1 min readNov 5, 2022

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The two extremes - Capitalism and Marxism - are both absurd, religious fantasies.

Marxism fails because it it too idealistic - it believes that people will toil for nothing more than the common good. I witnessed the failure of that in Nyerere's Tanzania.

But capitalism fails because it believes in trickle-down and the 'right' of the wealthy to sequester vastly more than their share of Earth's limited resources. And both ideologies fail because they believe that growth is forever. Sorry folks, that's a Ponzi scheme, a self-serving delusion.

The global economy is a wholly owned subsidiary of a healthy ecosystem. The laws of physics take no prisoners and don't care about the varied belief systems of a species with the arrogance to call itself Homo 'sapiens".

Two choices:

1. We are an evolutionary dead end, destined to take down our own support system by wrecking the climate and converting natural resources into landfill; or

2. We grow up and accept the need for degrowth. That means respecting the laws of physics; recognising that money is nothing more than a rather inaccurate proxy for access to the resources that energy unlocks. Given that earth is finite, nobody has the right to exceed planetary boundaries. And if nobody has the right to exceed sustainable boundaries, then clearly ultra-capitalists like Musk, Bezos, Thiel, and Trump are parasitic.

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Graham Townsend
Graham Townsend

Written by Graham Townsend

Background in chemical physics. Grew up in East Africa, lives in Christchurch NZ. Retired.

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