When prices are high, the debt-based Ponzi scheme functions; when prices sustain lows, the scheme unravels.
Articles: limits to growth (95)
Plans by the world’s most powerful countries are well underway to spend trillions of dollars for new mega-infrastructure projects to rejuvenate the global economy.
At the essential center of the framework of the Crash Course is the almost insultingly simple idea that endless growth on a finite planet is an impossibility.
It’s déjà vu all over again: another oil “supply shock.” Seems like we’ve had one every few weeks for the past few months.
If climate disaster, degrowth and whatever else the future holds for us is “involuntary” and the best we can do is to become “resilient” in “transition towns”, then what is the point of an international “cap and share”, like the one your propose, …
We are on the verge of a major tipping point in the way civilization works.
American institutions are in decline and rife with corruption brought on by a combination of hitting the limits to growth while under the control of neoliberal capitalism.
In industrialized societies, where so many people regard economic growth as the essence of human progress, the idea of deliberately rejecting growth is seen as insane.
Progress acts as a kind of meta-narrative, an incredibly potent and pervasive trope that is woven through stories ancient and contemporary, and forms a core part of our culture.
What if Icarus’ father—knowing his son would fly too close to the sun—had made the wings he designed more resilient?