If the economy becomes disembodied from society it can only lead to disaster

If the economy becomes disembodied from society it can only lead to disaster

Susan George, a renowned political scientist and activist, has long been a vocal critic of the idea that the economy can be separated from society. In her work, she argues that the two are inherently intertwined and that any attempt to disconnect them can only lead to disaster.

One of the key points that George makes is that the economy is not some abstract entity that exists independently of the people who participate in it. Instead, it is a system that is shaped by social and political forces, and in turn, has a profound impact on the lives of individuals and communities. When policymakers and economists treat the economy as something separate from society, they risk overlooking the human costs of their decisions.

For example, when governments prioritize economic growth above all else, they may implement policies that benefit corporations and the wealthy at the expense of the most vulnerable members of society. This can lead to widening income inequality, social unrest, and a breakdown of trust in institutions. In extreme cases, it can even result in economic collapse and widespread suffering.

George also highlights the dangers of viewing the economy as a self-regulating system that can operate independently of social and environmental concerns. This mindset has led to the exploitation of natural resources, environmental degradation, and the displacement of communities in the name of economic progress. By failing to consider the broader social implications of economic decisions, policymakers risk creating a world in which the economy thrives while society suffers.