Jason Hickel writes: Many people were thrilled when they heard that the Economics Nobel went to William Nordhaus, known for his work on climate change. But many climate scientists and ecologists believe that the failure of the world’s governments to pursue aggressive climate action is in large part due to arguments that Nordhaus has advanced.
Devinder Sharma writes: If raising productivity is the major factor I see no reason why Punjab farmers should be committing suicide. But the fact that economists don’t want to acknowledge is that it is actually the low price that farmers being deliberately paid that is the primary reason for the terrible agrarian crisis that prevails.
From Global Research: Fundamentally, this book is a call to action. Author Robert J. Burrowes uncovers the critical role played by the global power elite in creating our present predicament. If we cannot persuade the global power elite to respond sensibly to that predicament, or nonviolently compel it to do so, humanity’s time on Earth is indeed limited.
In this book, Kerryn Higgs traces the rise of economic growth to the status of the number one goal of nations, and how this pernicious idea prevailed over carefully reasoned counter-arguments through well-funded, carefully orchestrated propaganda. Its a kick in the head for those of us who believe in the persuasive power of reasoned argument.
From The Independent: Capitalism as we know it is over. So suggests a new report commissioned by a group of scientists appointed by the UN secretary general. The main reason? We’re transitioning rapidly to a radically different global economy, due to our increasingly unsustainable exploitation of the planet’s environmental resources and the shift to less efficient energy sources.
What started as an online protest movement against the hike in fuel taxes, France’s ‘Yellow Vest’ movement has led to the worst riots witnessed by the country in half a century. With six dead, 12,000 arrested, and the unrest spreading to the rest of Europe, it may be the world’s first ‘climate riot’ of consequence.
This manifesto was adopted by an assembly representing the farmers of India on the occasion of the historic Kisan Mukti March organised by AIKS at Delhi, on 30 November 2018. Over the past 25 years, more than 3,00,000 of India’s debt-ridden farmers have committed suicide, a crisis which successive governments have done little to address.
Luke Darby writes: A damning UN report says we have about 12 years to prevent climate change from wreaking havoc on the world. To do that, governments need to look seriously at the forces driving it. And an honest assessment of how we got here lays the blame squarely at the feet of the 1%.
William Nordhaus’ low-ball estimates of the costs of climate change and high-ball estimates of the costs of containing the threat contributed to a lost decade in the fight against climate change, lending intellectual legitimacy to denial and delay. The IPCC report, released the day Nordhaus got his Nobel, heightens the award’s absurdity, writes Eugene Linden.
Jason Hickel, Foreign Policy: Many policymakers have responded to ecological breakdown by pushing for what has come to be called “green growth.” It sounds like an elegant solution to an otherwise catastrophic problem. There is just one hitch: New evidence suggests that green growth isn’t the panacea everyone hopes for. In fact, it’s not even possible.
Ten years after the global financial crisis, a debt-fuelled world economy is headed towards another crash, the IMF has warned. With the Rupee at a record low, unemployment at a 20-year high, and 78 of its largest corporations defaulting on massive debts, India’s rapidly emerging as the epicentre of a crisis that could dwarf 2008.
Nature, money, work, care, food, energy, and lives: the seven things that have made our world and will shape its future. Award-winning writer and activist Raj Patel makes the case that in making these things cheap, modern commerce has governed, transformed and devastated the earth. Also included, an interview with Patel and co-author Jason Moore.
From Jacobin Magazine: The New York Times’ blockbuster story on climate change concludes that democracy and human nature are to blame for the climate crisis. They’re wrong. You cannot tell the story of climate change without telling the story of twentieth-century capitalism. This isn’t just a missed opportunity or a partial story—it’s the wrong story.
Here are three leading observers on the world’s increasingly shaky energy situation. Minqui Li presents a through-going analysis of the global energy scenario from 2018-2050 based on the latest data, Kurt Cobb suggests that ‘peak oil’ maybe a process, rather than a event, while Chris Martenson issues a stark warning on the coming oil crash.
From The New Left Review: If fidelity to GDP growth amounts to the religion of the modern world, then Herman Daly surely counts as a leading heretic. Benjamin Kunkel interviews the preeminent figure in ecological economics, and the author of perhaps the most fundamental and eloquently logical case against endless economic growth that’s yet produced.
J.C. Kumarappa was a stalwart of India’s freedom movement, Gandhian economic philosopher, pioneer in the development of village and cottage industries and advocate of a decentralised, localised economy of permanence and freedom. Yet, he remains practically unknown to the present generation of Indians. A tribute to Kumarappa by Pranjali Bandhu, editor of his collected writings.
Kerry Emanuel writes: There are strong cultural biases against discussion of ‘tail risk’ in climate science; particularly the accusation of “alarmism”. Does the dictum to tell “the truth, the whole truth, and nothing but the truth” not apply to climate scientists? If we omit discussion of tail risk, are we really telling the whole truth?
Oil. The 20th century was shaped by it. The 21st century is moving beyond it. But who gave birth to the oil industry? What have they done with the immense wealth and power it granted them? And what are they planning to do with that power in a post-carbon world? The Corbett Report finds out.
Bayer’s $66 billion takeover of Monsanto represents another big click on the ratchet of corporate power over farming and food. With the ‘Big-Six’ of global agribusiness now set to turn into the ‘even bigger three’, farmers and consumers face more GMOs and pesticides, less choice, and deeper price gouging. Agroecology has never looked more attractive.
Reading about energy today, it’s easy to get the impression that our energy problem is a quality problem—some energy is polluting; other energy is hoped to be less polluting. There’s a different issue that we are not being told about. It’s the fact that having enough energy – quantity – is extremely important, as well.