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Abstraction and the Economy — Small Is Beautiful

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August 2019 (Wall Street International)*  — What can we learn from the present ecological, economic, social crisis? I believe we need to revise some deep assumptions which are constitutive of our Western culture and through the process of globalization have become part of our world culture. We need to think in a new way, a new way that actually recovers (on a new level) a very old way.

The circulation of money on the globe is estimated at four trillion dollars a day | Image from Wall Street International.

That our present way of thinking is taking us straight towards a global catastrophe is becoming more evident every day. The notion of unlimited growth on a finite planet is an obvious contradiction. But that contradiction, that hubris, is deeply rooted in our culture, and in order to change it we need to go deep into some of the basic assumptions that have constituted our world view in the last three or four centuries.

The religion of our times, the dominant myth, the new cosmological story is the scientific world view. It is therefore crucially important to understand the basic premises of that view, its essential nature, which is simultaneously the source of its power and of its limitations.

The root of both the power and the blindness of science is the process of abstraction which lies at the base of the scientific enterprise. This is worth clarifying a bit.

The infinite complexity, the infinite qualitative nuances of lived experience are not amenable to scientific study. An essential requirement for something to be the object of scientific study is that the phenomenon at hand be repeatable: that what I observe here today, e.g., may be reproduced tomorrow by somebody else in Tokyo, and that our observations may be compared and analyzed in unequivocal common language.

*Shantena Augusto Sabbadini
Shantena Augusto Sabbadini worked as a theoretical physicist at the University of Milan and at the University of California.
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He was scientific consultant of the Eranos Foundation and he is presently director of the Pari Center, an interdisciplinary research center located in the medieval village of Pari, Tuscany.
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*SOURCE: Wall Street International. Go to ORIGINAL.

Read also:

Riding the Waves of Change – An Introduction to the I Ching

2019 Human Wrongs Watch


Source: https://human-wrongs-watch.net/2019/08/18/abstraction-and-the-economy-small-is-beautiful/


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