In the 1970s came a school of economic thought popularized by the German-born British economist, E.F. Schumacher called "Small is Beautiful" . This itself was the product of much work done by Leopold Koh r, Schumacher's teacher, and the author of the seminal work "The Breakdown of Nations". The simplest level of the ideas of the small is beautiful movement is that "when something is wrong, something is too big". The implications of this are profound. Innovation, for example, usually flows from small companies, not from large ones. Mergers of large companies almost never deliver the returns that they promise, In the realm of ideology, the creation of massed -isms is a reflection of a social unit that is unable to create bridges across different aspects of the human condition. In short, the alleged benefits of economies of scale are largely fictitious. The current debate about the future is being made in increasingly apocalyptic terms. The crisi...
Musings on World events from the perspective of a Social and an Economic Liberal.