Regenerative Economics, Indigenous Strategy, Decolonisation David Hovell Regenerative Economics, Indigenous Strategy, Decolonisation David Hovell

DECONSTRUCTING BABYLON #005 - PLUGGING THE LEAK - DEFEATING THE ENGINE OF CHREMATISTICS🦎⚛️

Have you ever looked at the logging trucks roaring out of our region and wondered why, despite all that "wealth" leaving, our local shops are closing and our whānau are still struggling to make ends meet? It feels like we are living in a bucket with a massive hole in the bottom. That is because we are. Today, we are deconstructing Tool #2 of Babylon: Chrematistics, the engine behind the "Leaky Bucket" economy.


In Research Report #224, we identify Chrematistics as the economic operating system of Babylon2. To understand it, we have to look back to a distinction made by Aristotle.

  • Ekonomia (Oikonomia): This is the art of "household management". It is focused on the well-being of the people, stewardship of resources, and long-term health. In Ekonomia, there is such a thing as "enough".

  • Chrematistics: This is the art of "wealth accumulation" for its own sake. It is unbounded; there is no such thing as "enough" profit.

Read More