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Wed May 23, 2012, 09:31 AM

Chilean Economist Manfred Max-Neef on Barefoot Economics - Democracy Now! [View all]

One, the economy is to serve the people and not the people to serve the economy.

Two, development is about people and not about objects.

Three, growth is not the same as development, and development does not necessarily require growth.

Four, no economy is possible in the absence of ecosystem services.

Five, the economy is a subsystem of a larger finite system, the biosphere, hence permanent growth is impossible.


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