The author was the first to forecast (in 1997) the events that ruptured
the global economy in 2008 by applying an analysis that exposes the
fault lines in the structure of the market economy. Now, he extends his
analysis to the future of the West, to evaluate fears from distinguished
commentators who claim that European civilisation is in danger of being
eclipsed. He concludes that the West is at a dangerous tipping point and
provides empirical and theoretical evidence to warrant such an alarming
conclusion. But he also explains why it is not too late to prevent the
looming social catastrophe.
Attributing the present crisis to a social process of cheating, he
develops a synthesis of the social and natural sciences to show how the
market system can be reformed. He introduces the concept of organic
finance, which prescribes reforms capable of delivering both sustainable
growth, with a more equitable distribution of wealth, and respect for
other life forms.
To explain the persistent failure to resolve protracted social and
environmental crises, the author introduces a theory of social trauma.
Populations have been destabilised by the coercive loss of land to the
point where they have lost their traditional reference points. No longer
able to live by the laws of nature, they are forced to conform to laws
that consolidate the privileges of those who had cheated them of their
birthright: access to nature's resources. Many pathological consequences
flow from this tearing of people from their social and ecological
habitats. To recover from this state of trauma, the author argues,
people need to use the new tools of communication, such as social media,
to regain control over their future destiny through a kind of collective
psychosocial therapy.
The author challenges the view that the West can climb out of depression
by applying the financial measures known as "austerity." He outlines a
new strategy that would restore full employment and reverse the decline
in middle class living standards in Europe and North America.
