Gail Tverberg writes: Growth in energy consumption is dependent on the growth of debt. Both energy and debt have characteristics that are close to “magic” when it comes to economic growth, which can only take place when debt (or a close substitute, such as company stock) is available to enable the use of energy products….
Read More about Debt: The key factor connecting energy and the economy
Shankar Sharma writes: It’s evident that an economic policy focusing on high GDP growth rate has not only not resulted in the elimination of poverty, but is certainly leading to accelerated depletion of our natural resources and to the unacceptable level of pollution of land, water and air, while contributing to the global warming phenomenon….
Read More about The true cost of the obsession with GDP growth
In this four part series titled No Economic Bullets Left?, former investment banker Satyajit Das sets out why it will be difficult for the world economy to get back to previous levels of growth. The first part looks at the failure of fiscal policies of governments around the world, and why available policy tools cannot address the underlying problems….
Read More about No economic bullets left? Satyajit Das on the end of growth
Sea level rise has washed away more than 50% of Ghoramara island, Sunderbans
Daesung Lee
Kanti Bajpai writes: India’s water crisis is a clear sign that a storm of epic proportions is on its way. India’s per capita water availability is now below the threshold level of 1,400 cubic metres per person. If so, India is heading from ‘water stress’ to ‘water scarcity’ and the possibility of internal water wars….
Read More about India’s perfect storm: Environmental and demographic stresses building upTwelve years ago, John Perkins published his best-seller, ‘Confessions of an Economic Hit Man’, where he described his career convincing heads of state to adopt economic policies that impoverished their countries and undermined democratic institutions to promote U.S.’ interests. This new book is an updated version, and details how those methods have evolved since then….
Read More about Video & Report: More Confessions of an Economic Hitman
Donna Harraway: I’m going to propose that the Cthulucene might be a way to collect up the questions for naming the epoch, for naming what’s happening in the airs, waters, and places, in the rocks, oceans, and atmospheres. Perhaps needing both the Anthropocene and the Capitalocene, but offering something else, something just maybe more livable….
Read More about Anthropocene, or the art of living on a damaged planet
Nihar Gokhale reports: Tata Steel, which is selling its UK business, has indicated that energy – made expensive by climate change policies – caused its steel to be too costly. But, a new report says companies have made billions in profits from climate change policies like carbon-trading. Tata Steel itself made over a billion Euros….
Read More about How Tata Steel UK made a billion dollars from climate policies
Rob O’Grady writes in ‘150-strong’: Aldous Huxley suggested that “Our present economic, social and international arrangements are based, in large measure, upon organized lovelessness,” and, on the evidence, it appears that he was right. Our current system, governed by the reconciling force of profit motive, is dominated by greed and fear – certainly not love! …
Read More about How our economic system is designed to promote greed, fear and selfishness
The common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem to be running into energy surpluses and low prices. The real situation is that as prices rise, supply tends to rise as well, because new sources of production become available at the higher price….
Read More about Gail Tverberg: Energy limits – what most researchers have missed
The essential argument of Satyajit Das’ new book is: “The 2008 crisis showed that perpetual growth is an illusion. It exposed the high debt levels, credit-driven consumption, global imbalances and excessive financialisation that underpinned an unsustainable economic model, coinciding with an emerging scarcity of energy, food and water, and increasing evidence of climate change impact.”…
Read More about A Banquet of Consequences: A compelling critique of all that is wrong with the world economy
It is a peculiar combination of technological, economic and geopolitical factors that has led to the present crash in oil prices, lulling many observers into dismissing peak oil. Through it all, the fact remains that the production of ‘conventional oil’, drawn mostly from established oil wells, has not gone up since its peak in 2008….
Read More about Peak Oil returns to haunt the global economy
India ranks in the top 20 in the Climate Change Vulnerability Index. Our average surface temperature, over the past four decades, has risen by 0.3° Celsius, accompanied by a rising incidence of floods, droughts and cyclones. With the majority of all landholdings measuring less than a hectare, farmers face a steep decline in household income….
Read More about Varun Gandhi: Insure farmers against climate change
Alberto Acosta writes: Mainstream thinking – embedded within capitalist globalisation – makes us accept the impossibility of imagining an economy that does not promote economic growth, as much as a world without oil, mining and agribusiness is impossible. Within this mainstream thinking, we can find people from every political and ideological stance, from neoliberals to socialists….
Read More about The only sustainable growth is de-growth!
With the production of ‘conventional oil’ having reached a plateau and fossil fuels in general under attack for their impact on the climate and the environment, the global oil industry is undergoing an unprecedented upheaval. Oil being the very lifeblood of all industrial societies, the geopolitical and economic consequences of these changes are already being felt….
Read More about The political and economic fallout of the energy upheaval
Fossil fuel divestment activist Kate Aronoff writes: A growing, green industry born into a hostile labor climate is unlikely to produce steady and well-paying jobs without a fight — not to mention a cross-movement plan beyond shutting down individual infrastructure projects. Breaking Free from fossil fuels can also mean breaking into a more sustainable economy….
Read More about The climate movement and the “Jobs vs. Environment” Debate
Investment banker turned author Satyajit Das writes: There are a number of potential triggers to a new crisis, but it will not be a single factor but an unexpected concatenation of events that result in a financial crisis. With existing political elites seen as captured by the wealthy elite, electorates are turning to political extremes….
Read More about Satyajit Das: Eight triggers for a new financial crisis
Jeremy Leggett writes: A Saudi Prince talks of his nation’s “dangerous addiction” to oil. A Bloomberg guru talks of renewables “crushing” fossil fuels. Arguably the most successful entrepreneur ever turns the unveiling of an electric car into the most successful product launch in history. Plus much more that would have been unimaginable a year ago….
Read More about Like an epic novel: How the global energy transition unfolded this April
Nafeez Ahmed writes: An extensive new analysis says that proved conventional oil reserves as detailed in industry sources are likely “overstated” by half. According to standard sources, the world contains 1.7 trillion barrels of proved conventional reserves. However, according to the new study, this official figure is almost double the real size of world reserves….
Read More about Where did all the oil go? The peak is back
Transhumanity.net
Klaus Schwab writes: A technological revolution is fundamentally altering the way we live, work, and relate to one another. In its scale, scope, and complexity, its unlike anything humankind has experienced before. We do not yet know just how it will unfold, but the response to it must involve all stakeholders of the global polity….
Read More about ‘The Fourth Industrial Revolution’: What it means and how to respond
Nesta.org.uk
Rob O’ Grady explains why none of the existing large-scale systems —be they capitalist or communist— would work. For a community to function well, it must resolve conflicts as they arise. It can only operate if we personally know every other person. This limits the maximum size of the community to Dunbar’s Number—around 150 individuals….
Read More about Bookshelf: 150 Strong – A Pathway to a Different Future
