Consumerism/Lifestyle
C.P. Chandrasekhar writes: Even the kind of economic growth that liberalisation actually delivered is proving unsustainable. So, the belief that growth would remain high for years to come, delivering benefits even to those at the bottom of the income pyramid and those steeped in poverty and deprivation, has now revealed itself to be a myth….
Read More about 25 years of ‘economic reforms’: The myth of growth
ALTERNATIVES
Jason Hickel writes: When it comes to climate change, the problem is not just the type of energy we are using, it is what we’re doing with it. What would we do with 100% clean energy? Exactly what we are currently doing with fossil fuels: raze more forests, build more meat farms, expand industrial agriculture….
Read More about Clean energy won’t save us – only a new economic system can do thatDevelopment/Growth
Conventional economic analysts argue that achieving adequate human development indicators require a country’s economy has to grow continuously at an appreciable rate; but, a densely populated and resource-constrained society such as ours cannot afford to ignore the implications of high energy and material consumption (which will be a consequence of high growth of the economy)….
Read More about Can India afford an economy obsessed with GDP growth rate?
CLIMATE CRISIS
Chris Mooney reports: A large team of researchers have reviewed individual country climate pledges made at the Paris talks to conclude that they fall short, forecasting that the full carbon “budget” that we’ve left to emit if we want to stay below 2 degrees Celsius of warming could be emitted by as early as 2030….
Read More about Study: Paris climate goals fall way short of what’s necessary
Planning Commission
Development/Growth
Dr. Manmohan Singh was a World Bank employee before he became finance minister and later prime minister. As PM, he nominated Montek Ahluwalia from the IMF as Deputy Chairman of the Planning Commission. The present RBI Governor, Raghuram Rajan, was Chief Economist in IMF. This is how the neoliberal agenda has been imposed on India….
Read More about S.G.Vombatkere: Neoliberalism: Its reality exposed
ALTERNATIVES
Broroti Roy writes that in India, many are reluctant to use the term ‘degrowth’ because growth is seen as the only way to get rid of poverty. However, there are many grassroots initiatives emerging here, too, which follow the same principles of respecting the planet’s limits and pursuing the core values of equity and justice….
Read More about Bookshelf: Degrowth – A Vocabulary for a New Era
ALTERNATIVES
Aniket Motale writes: Many new age economists have realised the limitations of GDP as a measure of development, including a few Nobel Laureates like Joseph Stiglitz. US politician Robert F. Kennedy once criticised GDP saying, “It measures everything, except that which makes life worthwhile “. Let’s take a closer look at the arguments against GDP….
Read More about ‘GDP = Development’: Debunking the mythEconomy
There’s No Tomorrow is a half-hour animated documentary about resource depletion, energy and the impossibility of infinite growth on a finite planet, a theme that rarely finds its way to the mainstream media. Inspired by the pro-capitalist cartoons of the 1940s, the film is an introduction to the critical energy dilemmas facing the world today….
Read More about Video: There Is No Tomorrow: A short film on resource depletion
Economy
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
CLIMATE CRISIS
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
Economy
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
Economy
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
ALTERNATIVES
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!
Pratham Books
ALTERNATIVES
The full text of a recent talk given by prominent ecologist Madhav Gadgil, a former member of the Scientific Advisory Council to the Prime Minister of India and the Head of the Western Ghats Ecology Expert Panel (WGEEP) of 2010. It tries to explore the significant issue of when and why people turn against conservation….
Read More about Development is for the people: A talk by Madhav GadgilEconomy
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….
Read More about Gail Tverberg: The Physics of Energy and the Economy
"The Logic of Neo-Liberalism"
John Ledger
Bookshelf
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
Economy
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
Economy
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….
Read More about Gail Tverberg: Globalization is reaching its limits; here’s why
Economy
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
ALTERNATIVES
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 discontents
