The physics of energy and the economy evokes some trepidation. An economy seems to be a dissipative system, but what does this really mean? Not many people understand dissipative systems, and very few understand how an economy operates. The combination leads to an awfully lot of false beliefs about the energy needs of an economy….
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Ugo Bardi writes: Something like Trump was unavoidable. He is best defined as the visible effect of the ongoing social phase transition. A symptom of the ongoing breakdown of the social pact in the West. A discrete change in our path in the direction of collapse, in turn precipitated by depletion of resources, especially energy….
Read More about Connecting the rise of Donald Trump with global resource depletion
Charterforcompassion.org
William Robinson writes: The celebrated economist Thomas Piketty has argued for a global tax on capital and redistribution through tax reform. This reformist approach to global inequality is entirely inadequate because it bypasses the questions of power and of corporate control over the planet’s productive resources that are at the very heart of global capitalism and its crisis….
Read More about Reform is not enough to stem the rising tide of inequality worldwide
"The Logic of Neo-Liberalism"
John Ledger
George Monbiot writes: So pervasive has neoliberalism become that we seldom recognise it as an ideology. We accept the proposition that this utopian, millenarian faith describes a neutral force; a biological law, like Darwin’s theory of evolution. But the philosophy arose as a conscious attempt to reshape human life and shift the locus of power….
Read More about Neoliberalism – the ideology at the root of all our problems
Amit Verma/Forbes India
Debarshi Das writes: The neoliberal State seeks to cut down welfare expenditure, hence it is against PDS. It also relies on the market. Although contemporary advocates of free market are not motivated by extraction of colonial revenue, in terms of policy prescription they do not differ from the advocates of free market of colonial era….
Read More about Famines and Public Distribution System in India
Gail Tverberg writes: We are experiencing a world economy that seems to be reaching limits, but the symptoms are not what peak oil groups warned about. Instead of high prices and lack of supply, we are facing indirect problems brought on by our high consumption of energy products. I have called it a double pump problem….
Read More about Our economic growth system is reaching limits in a strange way
Vidhyadhar Date writes: A developed country is not one where the poor drive cars, but one where the rich use public transport. Building more roads to reduce congestion is like trying to put out a fire with petrol. India has failed to learn from developed countries’ mistakes and is on a disastrous path of motorization….
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Harish Damodaran writes: Is farming really a business? If so, to what extent? Is there something about agriculture that makes it fundamentally different as a business? Farmers suffer rules other businessmen never encounter. There are at least four “laws” of business operating only in farming, of which the last two are probably unique to India….
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We have identified two different limits to globalization. One has to do with limits on the amount of goods and services that developed countries can absorb before those imports unduly disrupt local economies. The other occurs because of the sensitivity of many developing nations to low commodity prices, because they are exporters of these commodities….
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Frans Lanting
Bill Laurance writes: Some 25 million km of new paved roads, thousands of dams, and hundreds of thousands of new mining, oil and gas projects, are being planned, roughly 90% of them in developing nations. Their environmental impacts could easily dwarf climate change as thousands of projects penetrate into the world’s last surviving wild areas….
Read More about An infrastructure tsunami is being unleashed on the environment in the name of ‘development’
The Hindu
Nikhil Inamdar writes: India has the world’s largest number of people without access to clean water. The financial burden of this has fallen on its poorest agrarian communities, but the crisis is now spilling over to industries too. In Marathwada, the tanker business is the only one booming. The rest of the economy has collapsed….
Read More about India’s looming water wars can destroy everything, from Make in India to smart cities
Charles Hugh Smith writes: If we don’t change the way money is created and distributed, we will never change anything. The Panama Papers offer damning proof of this: increasing concentrations of wealth and power free of constraint (like taxes) is not just the consequence of centralized money and state power, but its only possible output….
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In this article, Sagar Dhara examines Capitalism’s crucial tipping points: The first, the impending energy and natural resource crisis, related to the sourcing of raw materials. The second, inequality, related to the production of goods and services. The third, global warming, which is related to greenhouse gas emissions (GHGs) in excess of the earth’s sink capacity….
Read More about Global capitalism is facing three tipping pointsChris Martenson writes: The data seems to confirm this: Humanity is not going to painlessly wean itself off of fossil fuels. Instead, we will hit some sort of a wall: a food/population crisis, a climate crisis, or a debt/fiscal/economic crisis. Each of those candidates has its roots in our global society’s addition to fossil fuels….
Read More about Industrial civilisation can’t wean itself off fossil fuels painlesslyHarish Damodaran writes: In the past, droughts invariably fuelled speculation and hoarding by unscrupulous traders. But this time, Indians in the cities are hardly feeling the pinch. Barring sugar, consumers aren’t paying all that much more compared to a year ago. Simply put, this time it is a drought essentially of farmers and rural producers….
Read More about There’s a drought in many parts of India. Why isn’t it making headlines?
Nityanand Jayaraman writes: A new report warns that India’s plans to import 12 nuclear reactors from ailing American equipment suppliers is financially fraught and irrelevant for India’s electricity needs. If built, the reactors will cost anywhere between Rs 6.3 lakh crore and Rs 11 lakh crore, thereby translating to unaffordable and obscenely high electricity tariffs….
Read More about Why is India importing US nuclear reactors that even the US doesn’t want?
Gail Tverberg writes: Economists have put together models of how an economy works, but these models were developed years ago, when the world economy was far from limits. These models may have been reasonably adequate when they were developed, but there is increasing evidence that they don’t work in an economy that is reaching limits….
Read More about Economic growth: How it works; how it fails; why wealth disparity occurs
Much of the mainstream media, corporate lobbyists and politicians would like the public to think of climate change as something akin to a natural phenomenon. In this second part of our series on Capitalism and Climate Change, we present a selection of articles that examine the deep-seated connections between climate change and a rapacious global economic order….
Read More about Digest: Climate crisis and the myth of ‘green’ capitalism
Richard Norgaard writes: Two centuries of explosive economic growth have radically altered our world. With human activity now the major driver of geological change, the industrial era has come to be called the Anthropocene. In this essay, I instead adopt the term Econocene, thereby underscoring its ideological foundation: economism, the reduction of all social relations to market logic….
Read More about The Church of Economism and its discontentsIs Gaia becoming Thanatia, a resource exhausted planet? For how long can our high-tech society be sustained in the light of declining mineral ore grades, heavy dependence on un-recycled critical metals and accelerated material dispersion? Thanatia presents a cradle-to-cradle view of Earth’s abiotic resources through a novel approach based on the Second Law of Thermodynamics….
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