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Scene on Radio: Capitalism
S7 E9: At the Tipping Point
Aug 14, 2024
Join Donella Meadows, an environmental scientist who co-authored 'The Limits to Growth', and her husband Dennis Meadows, a systems thinker, along with global visionary Aurelio Peccei and inventor Jay Forrester. They dive into the urgent critique of endless economic expansion on our finite planet. Explore the historical context of their groundbreaking study, the impact of rapid population growth, and the critical need for sustainability. They challenge current capitalist ideologies and advocate for a new economic paradigm that harmonizes human prosperity with ecological limits.
01:03:28
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Quick takeaways
- John Fullerton's transformative journey highlights an increasing skepticism towards capitalism, driven by systemic issues revealed post-9/11 and reinforced by 'Limits to Growth'.
- The 1972 MIT study underscored the catastrophic consequences of unchecked economic growth, emphasizing the finite nature of planetary resources and ecological balance.
Deep dives
The Awakening of John Fullerton
John Fullerton, a former rising star at JP Morgan, experienced a profound transformation regarding capitalism after the 9-11 attacks. His awakening was not due to a single event but a growing realization that the capitalist system was fundamentally destructive. This epiphany led him to explore literature that traditional bankers typically overlook, with the most impactful book being 'Limits to Growth' by Dana Meadows. Fullerton's journey symbolizes a broader questioning of economic principles behind capitalism and sheds light on the systemic issues arising from an unrestrained growth model.
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Discover
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