ABSTRACT

In this chapter we discuss major trends and problems of the existing world economy. We use the theories, concepts, metaphors, and analogies developed in Part I to enrich rather than to support our discussion. We start with one of our most important concepts: the imminent emergence of a worldwide super-industrial economy in which projects are on such a large scale that the external or unintentional effects (what economists call “externalities”) can become even more important than the primary (or intended) products. If the impact of the super-industrial economy on the social and physical environment is not controlled, it is pervasive and perhaps destructive.