From The Guardian: Roasted by heatwaves, this year the world went into ecological overshoot on 29 July, the earliest yet. Unless we begin again with economics, understanding and letting go what has gone wrong, one day soon everything will have fallen apart and nobody will quite know why. But the answer will be: it was the economy, stupid….
Read More about Andrew Simms: Economics is doing great harm – so let’s rethink it
“Most people aren’t paying attention. Most people have no idea what’s going on. Industrial civilization is already having serious health problems and heart palpitations. By 2020, industrial civilization’s going to suffer a massive stroke. By 2025, it will be in hospice. By 2030, it will be dead,” writes the anonymous author of Articulating The Future….
Read More about Thermodynamic Failure: Phase 2
Over the years, ‘development’ has undergone multiple modifications, such as sustainable development, participatory development, development with gender equity, integrated rural development, and so forth. All these approaches stay within the conventional understanding of development: they don’t constitute a radical departure from the prevailing paradigm. What we need to do is get rid of ‘development’ itself…
Read More about Arturo Escobar: Farewell to Development
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….
Read More about The Nobel Prize for climate catastrophe
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….
Read More about How India’s economists have failed its farmers
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….
Read More about Giants: The Global Power Elite
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….
Read More about Herman Daly reviews ‘Collision Course: Endless Growth on a Finite Planet’
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….
Read More about Nafeez Ahmed: This is how UN scientists are preparing for capitalism’s demise
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….
Read More about The Yellow Vests: Is Europe seeing the world’s first climate riot?
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….
Read More about Spotlight: Manifesto of Indian Farmers
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%….
Read More about Billionaires are the leading cause of climate change
William Nordhaus
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….
Read More about The economics Nobel went to a guy who enabled climate change denial and delay
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….
Read More about Why growth can’t be green
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….
Read More about Red Alert: India and world hurtling towards financial meltdown
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….
Read More about Raj Patel: Capitalism made simple, or world history in 7 cheap things
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….
Read More about Memo to The New York Times: How not to talk about climate change
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….
Read More about Special Feature: Three views from the global economy’s energy cliff
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….
Read More about Ecologies of scale: An interview with ecological economics guru Herman Daly
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….
Read More about Economy of Permanence: The enduring legacy of J.C. Kumarappa
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?…
Read More about ‘Tail Risk’: What the scientists are not telling you about climate change
