Bruce Elrick 🇨🇦 on Nostr: "The John Ruskin Question forces us to confront a truth that modern economics has ...

"The John Ruskin Question forces us to confront a truth that modern economics has
spent two centuries evading: some supposed wealth makes us poorer. Illth is not a
fringe concept. It is everywhere: in environmental collapse, degraded work, social
fragmentation and rising insecurity, all coexisting with rising monetary output."

-- Richard Murphy summarizing John Ruskin observations about a useful concept called illth, the opposite of wealth that is completely ignored by modern economics