Why is our economy failing?

Economy as a content of life is a deadly illness, because infinite growth does not fit into a finite world. That economy should not be the content of life has been told to mankind by all its great teachers; that it cannot be is evident today. If one wants to describe the deadly illness in more detail, one can say that it is similar to an addiction, like alcoholism or drug addition. It does not matter too much whether it seeks its satisfaction only in a crude materialistic way. Poison is poison, even if wrapped in silver paper. … If spiritual culture, the culture of the inner Man, is neglected, then selfishness remains the dominating power in Man and a system of selfishness, like capitalism, fits this orientation better than a system of love for one's fellow being.

--E. F. Schumacher