The dominant schools of neoclassical and neoliberal economics tell
us that material scarcity is an inevitable product of an insatiable
human nature. Against this, Costas Panayotakis argues that scarcity
is in fact a result of the social and economic processes of the
capitalist system. The overriding importance of the logic of
capital accumulation accounts for the fact that capitalism is not
able to make a rational use of scarce resources and the productive
potential at the disposal of human society. Instead, capitalism
produces grotesque inequalities and unnecessary human suffering, a
toxic consumerist culture that fails to satisfy, and a deepening
ecological crisis. "" "Remaking Scarcity" is a powerful challenge
to the current economic orthodoxy. It asserts the core principle of
economic democracy, that all human beings should have an equal say
over the priorities of the economic system, as the ultimate
solution to scarcity and ecological crisis.
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