The Traumatised Society

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 wh [...]
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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 to restore harmony between nature and society. He introduces the concept of organic finance, which prescribes reforms capable of delivering both sustainable growth and respect for other life forms. To explain the failure to resolve protracted social and environmental crises, the author reclassifies societies in terms of a theory of social trauma.The coercive loss of land destabilised populations to the point where they lost their traditional reference points: they were no longer able to live by the laws of nature and were forced to conform to laws that consolidated the privileges of those who had cheated them of their birthright: access to the resources of nature. Many pathological consequences flow from this tearing of people from their social and ecological habitats. To recover from this state of trauma, the democratic process must be re-invented as an exercise in 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.