Supply Shock: The Journey
Writing a book is like going on a journey. You explore the terrain, make discoveries, meet interesting people, and maybe learn new languages. The longer the book-writing, the longer the journey.
Writing a book is like going on a journey. You explore the terrain, make discoveries, meet interesting people, and maybe learn new languages. The longer the book-writing, the longer the journey.
The difficulty for any person who goes to another country to talk about economic and political policy is that they are almost inevitably going to be, to some degree, out of touch and out of tune with on the spot realities.
•Sacred Economics: Chapter 17, Summary and Roadmap (Pt.18) •A Practical Utopian’s Guide to the Coming Collapse •The End of Growth, Part 1 •The Limits of the Earth, Part 1: Problems •Are social enterprises the future for libraries?
In the first part of this series about "terminal capitalism," we saw a collection of evidence that the global system of capitalism, the organized basis for most world trade, is in deep trouble. The situation has become so serious and the problems so self-evident that the polls show …
A few weeks ago, air quality at the U.S. embassy in Beijing registered 755 on a scale to 500. A thick, choking haze enveloped the entire city. You couldn’t see from one high-rise office tower to the next; flights were cancelled, some highways were closed, schoolchildren were kept indoors, …
But the doubts about the viability of capitalism as a system now extend far beyond its traditional critics. The U.S. economy has been in bad shape since about 2007 and the signs of recovery have not improved much since then. To give one example, Richard Heinberg of the Post Carbon Institute …
If I wasn’t fair I’d quote Obama thusly: “Our top priority must be to do everything we can to grow our economy… That has to be our North Star. That has to drive every decision we make in Washington.” Then I could say, “See how obsessed the president is with …
The model of more is failing both environmentally and socially, and practically everyone is still cheering it on… it almost makes you want to climb to the top of the highest building and shout, “ENOUGH!”
Money may not grow on trees, but it does grow at a much faster rate – particularly when created by banks as interest-bearing debt. In modern economies, nearly all money is created in this way. To maintain a stable money supply, debtors must repay both the initial loan and the interest on …
Recent work cited in our report shows that the remaining global fossil fuel resources (mainly coal) would produce an enormous 9-13 trillion tonnes of greenhouse gas emissions. If all of it were burnt without capturing the carbon it would be enough to raise the average global temperature some 18 …