Title:
SUSTAINABILITY THOUGHTS 155: HOW DOES A GENERAL PERFECT SOCIAL MARKET PARADIGM EVOLUTION MODEL IS EXPECTED TO WORK? THE CASES OF EXPANDING SOCIAL MARKETS, OF SAVING SOCIAL MARKETS FROM COLLAPSE, AND OF THE FALL OF SOCIAL MARKETS DUE TO BINDING ECONOMIC EXTERNALITY PRESSURES

Authors:
Lucio Muñoz* ,Canada

Abstract:
If we place a general perfect market evolution model under externality neutrality assumptions, we can extract the environment under which a dominant component perfect markets operate, which allows for the possibility of forever growth and no collapse. However, if we place it under a framework of no externality neutrality assumption, then the model shows limits to growth and the possibility of collapse. And if the risk of collapse is real, the dominant component market model can either be saved or it can collapse if it cannot be saved. The saving mechanism allows for either a full fix or just a patch, but it all depends on whether or not there are paradigm shift knowledge gaps as well as political and academic will. If the market cannot be saved, it will flipped perfectly or imperfectly to opposite and inverse opposite forms, and if possible they will flip towards a market form that still allows them to keep at least some of the core values they had before the flip. The above holds true for any dominant component based market, and this paper focus its attention on the perfect social market model, which makes the following questions relevant: How does a general perfect social market paradigm evolution model is expected to work? The cases of expanding social markets, of saving social markets from collapse, and the case of the fall of social markets due to binding economic sustainability pressures.