Education/Awareness
The final stages of capitalism, Marx predicted, would be marked by global capital being unable to expand and generate profits at former levels. Capitalists would begin to consume the government along with the physical and social structures that sustained them. These assaults would destroy the host. This final stage of capitalism is what Trump represents….
Read More about Richard Heinberg: The Peak Oil President?
Economy
Gail Tverberg writes: Underlying problems are sufficiently severe that we seem to be headed for a crisis far worse than 2008. Our fundamental problem is that neither high nor low energy prices are now able to keep the world economy operating as we’d like it to. Increased debt can’t seem to fix the problem either….
Read More about 2017: The year when the world economy starts coming apart
Development/Growth
What lies ahead for the economy this year? Will there be a global economic collapse as predicted by many or will the early positive signs in stock markets around the world continue? While focused on the U.S., this compilation by Daisy Luther of forecasts by 12 leading experts has implications for the entire global economy….
Read More about What 12’financial experts predict for the economy in 2017ALTERNATIVES
Steve Keen, Professor of Economics at Kingston University London, is a long time critic of conventional economic thought, and is also developing an alternative dynamic approach to economic modelling. In this interview with Steven Sackur on BBC HardTalk, he tackles the prospect for a debt-deflation on the back of the enormous private debts accumulated globally….
Read More about Watch: ‘Anti-economist’ Steve Keen on why economists can’t be trusted
Economy
To try to solve the energy problem, we use approaches that involve increasing complexity, including new technology and globalization. As we add more and more complexity, these approaches tend to work less and less well. In fact, become problems themselves, tending to redistribute wealth toward the top, increasing “overhead” for the economy as a whole….
Read More about Gail Tverberg: The energy problem behind Trump’s election
Representative pic
Development/Growth
Catch News reports: Chhattisgarh’s Janjgir-Champa region, once famous for paddy cultivation, is now emerging as the state’s power hub with several power plants coming up in the area during the recent years. While fuelling the state’s economic growth, dust and ash emitted from these power plants are turning thousands of local people blind from cataract….
Read More about Power plants are making thousands go blind in Chhattisgarh
Development/Growth
Colin Todhunter writes: Data from the Multi-dimensional Poverty Index indicates that 20 years ago, India had the second-best social indicators among the six South Asian countries, but now it has the second worst position. Bangladesh has less than half of India’s per-capita GDP but has infant and child mortality rates lower than that of India….
Read More about What has neoliberal capitalism ever done for India?
Economy
Live Mint reports: The richest 1% of Indians now own 58.4% of the country’s wealth, according to the latest data on global wealth from Switzerland based Credit Suisse Group AG. In the last two years, the share of the top 1% has increased at a cracking pace, from 49% in 2014 to 58.4% in 2016….
Read More about The richest 1% of Indians now own 58.4% of the country’s wealthEconomy
When we get our story wrong, we get our future wrong. Much like the Trans-Pacific Partnership “trade deal”, everything we’re told about capitalism and our economy is a pack of lies. Time for a new story, says preeminent scholar and critic of corporate globalization, David Korten, the best-selling author of ‘When Corporations Rule the World’….
Read More about David Korten: From serving money to serving life: A sacred story for our time
Development/Growth
Development is more than an ideology; it is an ideology in service to an economic necessity which, in turn, is not a real necessity but contingent on a growth dependent debt-based financial system. Until that system changes, the pressure to develop— to convert natural resources into commodities and social relationships into services— will not abate….
Read More about Charles Eisenstein: Development in the Ecological Age
ALTERNATIVES
Rajni Bakshi writes: Votaries of degrowth are the first to acknowledge that they are deploying a ‘bomb-word’. Yet it highlights an inconvenient truth–that infinite economic growth is not possible on a finite planet. Even ‘green’ growth, supported by technological wizardry cannot, by itself, address the deepening global crisis of under-employment, social dislocation, and environmental degradation….
Read More about Rajni Bakshi: Degrowth – a “bomb-word” comes of age
CLIMATE CRISIS
Greenpeace reports: India remains committed to one of the most aggressive programmes to build new coal plants (some 600 of them) that the planet has ever seen. Yet, 94% of the coal power capacity currently under construction will be lying idle. What’s more, solar power’s now cheaper than coal power, by the government’s own admission….
Read More about India’s sinking $50 billion to build hundreds of coal plants it doesn’t need
ALTERNATIVES
Giorgos Kallis writes: Degrowth is a frontal attack on the ideology of economic growth. No Left party might dare to openly question growth, but I find it hard to see how in the long-term they can avoid it. Growth is not only ecologically unsustainable but, as economists like Piketty admit, increasingly unlikely, especially for advanced economies….
Read More about Why the Left should embrace degrowthFood/Farming
Suraj Kumar Thube writes: Much of the naturalisation of the suicides has also got to do with the urban perception of rural areas and rural lifestyles. The oriental imagination still does not cease to colonise our minds in terms of perceiving the rural as a stagnant and unchanging space characterised by divisive notions of caste-consciousness….
Read More about Are we working harder to make India’s farmers suffer?
ALTERNATIVES
Jason Hickel writes: The UN’s Sustainable Development Goals recognise the inherent tension between economic development and the planet’s ecology. It signals awareness that something about our economic system has gone terribly awry–that we cannot continue chewing through the living planet without gravely endangering our security and prosperity, and indeed the future viability of our species….
Read More about Time for degrowth: to save the planet, we must shrink the economyALTERNATIVES
Watch video recordings of keynote presentations of the just concluded 5th International Degrowth Conference. They cover a range of subjects from critiques of economic growth and capitalism and green economy, to radical alternatives on economic, political, social and cultural fronts; alliances between global north and south; climate justice; the nature and future of work, etc….
Read More about Video: Keynote presentations from the recent International Degrowth Conference
Economy
Instead of the scenario envisioned by many Peak Oilers, it’s likely that we will in the very near future hit a limit similar to the collapse scenarios that many early civilizations encountered when they hit resource limits. We don’t think about our situation as being similar, but we too are reaching decreasing resources per capita….
Read More about Gail Tverberg: How Peak Oil was misunderstood
Bookshelf
A new book, The Great Invention by Ehsan Masood, unveils the genesis of the Gross Domestic Product and how it shaped the modern economic paradigm. It comes at a time when a growing number of people are questioning this flawed metric. Down to Earth magazine presents exclusive excerpts from the book, followed by a debate….
Read More about Debate: Is GDP a true and accurate measurement of growth?
Food/Farming
Devinder Sharma writes: The real cost of economic reforms is being borne by rural India. The first-ever Socio Economic Census has now clearly brought out this stark reality… The economic wealth of 15 families in India equals that of 600 million people… On the other hand, 60-crore farmers are paying the price for unjust economic reforms….
Read More about India has sacrificed agriculture on the altar of GDP
Economy
Kurt Cobb writes: It used to be that oil prices and economic growth were somewhat like distant cousins who disliked each other rather than a happily married couple always seen nuzzling together in public. Nowadays, as the oil price dips into the low $40 range again and global economic growth weakens simultaneously, we must re-evaluate….
Read More about Oil price and economic growth get married
