Locust Mentality

Economists have an odd view of what is desirable. To them, the purpose of life is to increase economic activity, any activity, even including things like more vandalism repairs, more funerals, more pollution, more soil erosion, more deforestation, conspicuous consumption, more hospital care, inefficiency, waste… I call this locust mentality. Economists refuse to notice how their frantic efforts to stimulate short-term economic activity destroy the very substrate the enables sustained economic activity. They refuse to look even a decade into the future about how their actions harm economic activity, much less the environment or human welfare.

~ Roedy (1948-02-04 age:70)