Building a world of
resilient communities.

MAIN LIST

 

Bubble and Beyond


A massive pile of accumulated debts and a global credit bubble are tearing apart our politics and societies. As illusory wealth continues to evaporate, a battle ensues between creditors that lent too much and a rapidly growing class of debt serfs. With the ability for reform appearing increasingly futile, a systemic crisis has created paralysis on the edge of an abyss. What do the examples of previous indebted empires tell us? Can we create an alternative to a neoliberal philosophy that ends in neofeudalism?

In Extraenvironmentalist #67 we discuss the implications of the bursting global credit bubble with economist and historian Michael Hudson. Our conversation covers many of the themes in Hudson’s new book, The Bubble and Beyond which covers the process of quantitative easing, neofeudalism and more. Then we speak with Nate Hagens, the former lead editor of the Oil Drum and an expert on global resource depletion. Nate describes why the relationship between energy and debt will increasingly lead to defaults as slowing growth means debts won’t be serviced.

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.


We are all Greece

The cast of heroes and villains in Greece’s ongoing battle to save its …

Post-Development Discourse: Lessons for the Degrowth Movement

Is degrowth only conceivable in the context of “oversaturated” …

New Currencies and their Relationship with Fiat Currency

Creating and maintaining a currency without any interaction with fiat is …

What About Innovating Beyond the Growth Trap? A Challenge to the Ecofiscal Commission’s Growth Fixation

A new voice has emerged recently in Canada called the “Ecofiscal …

The Case for a “Jazz Revolution” Against Corporate Capitalism

Should checkerboard revolutionaries let their preference for incremental, …

Buying The Farm: Dean Kuipers  

This week’s guest on Sea Change Radio, author Dean Kuipers, explores …

Local Currency — Money for Us, Not the Bankers     

The biggest challenge is changing our mindset from the scarcity built into …