Civilizational deadlock of the economy of growth

The key topic of the paper is determined by the crisis situation of the nowadays economic model. Capitalism is the dominant economic form in the global economy. Varieties of capitalism exist ranging from state capitalism to neo liberalism but all are pervaded by a dominant theme, an egocentric economy model or ego-economics. This model is underlain by postulates of the need for a continued growth spurred by end-use. The realisation of this model is provided by monetary approaches and stimulation of consumer demand as the main driver of economic growth. The key tools for stimulating demand in this model of economy are competition, information impact on the consumer consciousness and choices, the massive accessibility of credit, the massive accessibility of financial markets and financial instruments, the actualisation of passive incomes as opposed to creative labour, and other degradation triggering factors. The crowning part of this model is the debt economy of consumption of societies of individualists who do not share traditional systems of values but are guided by illusory, temporary, short-term objectives. Thus, the egocentric economy model established dominance in relation to the ecological economy model, exposing a bulk of contradictions in principles underlying the system and promotes unsustainability. The future turned out to be in jeopardy... The paper contrasts ego-economics and ecoeconomics, traces of the emergence of the first one and the need for the second one as a necessary condition for long-term sustainability

Civilizational deadlock of the economy of growth

The key topic of the paper is determined by the crisis situation of the nowadays economic model. Capitalism is the dominant economic form in the global economy. Varieties of capitalism exist ranging from state capitalism to neo liberalism but all are pervaded by a dominant theme, an egocentric economy model or ego-economics. This model is underlain by postulates of the need for a continued growth spurred by end-use. The realisation of this model is provided by monetary approaches and stimulation of consumer demand as the main driver of economic growth. The key tools for stimulating demand in this model of economy are competition, information impact on the consumer consciousness and choices, the massive accessibility of credit, the massive accessibility of financial markets and financial instruments, the actualisation of passive incomes as opposed to creative labour, and other degradation triggering factors. The crowning part of this model is the debt economy of consumption of societies of individualists who do not share traditional systems of values but are guided by illusory, temporary, short-term objectives. Thus, the egocentric economy model established dominance in relation to the ecological economy model, exposing a bulk of contradictions in principles underlying the system and promotes unsustainability. The future turned out to be in jeopardy... The paper contrasts ego-economics and ecoeconomics, traces of the emergence of the first one and the need for the second one as a necessary condition for long-term sustainability

What Is Well-Being In The Modern Society: Objective View

The topic of the well-being of human and society has always interested the great thinkers of the humankind. However, conceptually, as a problem of the state and public, this topic fully emerged only in the aftermath of the Second World War in the past century, and it became especially topical in the mid-60s, when a special organization was founded on the basis of the United Nations Organization, the United Nations Development Programme (UNDP, 1965). Well-being became a popular topic for various sociopolitical, socio-economic, cultural, and historical theoretical research and applied programmes. However, there is no unanimously agreed definition of this category or an unanimously agreed approach to its research and evaluation of its value and importance to the human and the society. The present article continues a cycle of the author’s articles devoted to the research of human well-being in nowadays conditions. It looks into the basic concepts, conceptual grounds, and contradictions shaping the key aspects of this broad topic, as well as the fundamental causes and possible methodological misconceptions influencing both their development and the attitude to them of a human, society, state. The article provides extensive statistical data which illustrate the enormous, egregious ill-being of a large part of human society in the modern world. Also, in the article we have undertaken an attempt to define well-being as a multiple-aspect concept and to present a detailed analysis of fundamental causes of the modern ill-being on a massive scale