MC: The flaw in your geology as an exemplar Geoff is that for decades Alfred Wegner’s theory of Continental Drift was ignored despite the overwhelming evidence in it’s favor. So science alone, facts and even evidence alone, doesn’t even sway the institutional and historical inertia of a given culture’s scientists. Specifically the American response and it’s intransigence compared to European response.
Science cannot solve the value crisis the roots of which are historical and rooted in political power and cultural predjudices and out-right ignorance.
Without a certain degree of moral and ethical (and ethics is philosophy, after all) maturity level within a culture science cannot really flourish. When respect for truth dies, when post-truth alt-fact comes to hold equal footing with sound science, a civilizational decline is inevitable. Another dark ages is a very real possibility.
Just look at the United States right now for proof that decline of culture, historical awareness , morality, and philosophy of ethics.
Me: What the hell are you always slamming me for. You completely agree with the philosophy I’ve been advocating here for years. Yes, I am evangelical about what I consider the new monetary and financial paradigm, but not without good empirical and philosophical reason. Hence I’m confident, not arrogant, impatient, yes, because there is a rational end to patience especially when survival may be in the balance.
We’re right where we need to be, we just have to stand in the light of the obvious. When all of the leading heterodox reforms are about money and finance that’s a glaring indicator that what economics needs is to find the paradigm there.