" />
Building a world of
resilient communities.

MAIN LIST

 

Reality Report: Jon Erickson


Explanations of the economic downturn focus on greed, corruption, incompetence and inequality. But this isn’t the whole story. The Reality Report interviews Jon D. Erickson, Professor at the University of Vermont and Fellow of the Gund Institute of Ecological Economics.

Some key points that emerge from the show are: (1) the economic decline is a predicable consequence of a faulty set of theories and deliberate policies, (2) most economic growth nowadays is “uneconomic” because the costs exceed the benefits, both socially and via ecological debts (3) the biophysical basis for the economy is still ignored and therefore the ability to expand the economy to pay back debts may be limited, (4) recent U.S. and G20 responses to the crisis thus far are incomplete and therefore not likely to succeed, (5) several suggestions for reform are given, including: using green indicators, not GDP, to measure the macroeconomy, regional planning for relocalized economies, and a form of money backed by tangibles, not debt.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


Cake, Anyone?

For people of wealth and conscience, impact investing offers a compelling …

How Impact Investing is Saving Nicaragua's Coffee Industry

About half of coffee producers—mostly family farmers—live below …

A Financial Transaction Tax (FTT) for Ireland

A Financial Transaction Tax levies a (small to miniscule) percentage tax on …

Hottest Year Ever Recorded + Collapsing Oil Prices = Broken Fossil Fuel Economy

Two overlapping news stories in the past few weeks must focus our attention …

Minimum Wage or Commoning?

In such a context, the minimum wage – which is supposed to create a …

The Commons is the Future

In their book The Economic Order & Religion (1945), Frank H. Knight and …

The Populist Revolution: Bernie and Beyond

The world is undergoing a populist revival.