As is the case with Keynesian economics and its later popularization by Galbraith. As I posted earlier this month (May 6), Galbraith was more moralist than economist, which is part of his enduring popularity with environmentalists, particularly those who don't wish to acknowledge that the world has changed and that change continues faster than ever. Many don't like it and/or fail to understand it: and, what we don't understand we seek to deny or destroy.
Critiquing is easy. Envisioning alternatives, being creative and understanding future change is hard. Which is why so few attempt to do it and even fewer are successful. Today's post gives an excellent introduction and context to the impact on economy of technology, especially the trends underpinning the present era of globalization. Trends that negate the stasist theory of economics and constitute the dynamics of contemporary global change.