Buddhist Economics – That’s Bull Crap Sir
Lanka Rising wrote an article titled “Buddhist Economics – Beyond Capitalism” on 10th March 2010. It was a classic example of what sinhala-buddhist, nationalist loons write when they are unable to successfully argue against concepts and theories like comparative advantage, free trade, free market economy etc… Lanka Rising knows that he can’t logically argue and disprove a theory of Comparative Advantage, because since it’s introduction in 1817 by David Ricardo, no one has ever successfully proven that it’s wrong and that it doesn’t work. But he really wants to promote an Autarkic (self-sufficient) Economy. So what does he do? He writes a platitudinous article that has absolutely no real arguements, yet written well enough for him to feel important, and for other loons like him to feel proud… He begins by saying “The capitalist approach of life is to focus more fundamentally on the underlying motivation of buying and consuming so many resources for good quality of life. Though our society often seeks to buy happiness, materialism very frequenty fails to satisfy, and may even increase the level of stress in life”… Then, after writing a lot of nonsense, he proposes Buddhist Economics as an alternative. The nature of this Buddhist Economics is not clear. But he says ” people who live in a highly self-sufficient local communities are less likely to get involved in large-scale violence.” So I take it that that is what he wants: an Autarkic economy… Ah, now we know what he was coming for. He wants an autarkic economy, and knows that he cannot promote that with a theory like comparative advantage hanging around. He can’t disprove it, so he rejects capitalism entirely, claiming that it cannot make a man happy… I believe a man who wants a car and has a car is happier than a man who wants a car and does not have a car, provided that nothing else affects their happiness or unhappiness. Obviously a self-sufficient economy cannot give the second man a car. So the only way this kind of economy can make a that man happy, is by making that man NOT WANT a car. First, how Lanka Rising intends to do that, making a man NOT want a car? Secondly, even if he finds some crazy way (probably extra-terrestrial) make the man NOT want a car, is that what an economy should do? Making people NOT want things? … Finally, makes himself a joker by saying that we should use an index called “Gross National Happiness (GNH)” to measure a country’s development instead of Gross National Product. This should make any sane person laugh. I’m not even going to comment on this. Patali Chamipika Ranawaka developed a similar index some time ago, which made Brazil the best place to live on earth while making Sri Lanka 30 or 31st place. Did that make us any happier? Bull crap sir.