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RE: Sustainability for Kids: the invisible hand
Funny, I was just thinking, "he stole that from Adam Smith" when you mentioned Smith.
There is nothing new under the sun.
As a West-German I was able to see the differences between the two economic systems first hand in East-Germany, total desaster as Potus would say.
While I much prefer having grown up in West-Germany with its relatively more freedom, I noticed a bigger sense of solidarity and community among the people of Socialist East Germany.
I also think that free market capitalism is failing quite a few people in our Western societies, with shareholder value being the new religion.
What to do?
Markets provide checks on greed (shareholder-value religion). But what's keeping markets from checking these wasteful behaviors of bloated firms? Usually it's regulatory agencies, which are staffed with employees of the industry being "policed." I'm going to follow this bunny trail as the series goes on.