There are many who believe that the use of energy is critical to the growth of the economy. In fact, I am among these people. The thing that is not as apparent is that growth in energy consumption is dependent on the growth of debt.
Articles: economic growth (116)
Opening a newspaper or listening to the radio news exposes us to a flood of catastrophic messages: devastating droughts, failing states, terrorist attacks, and financial crashes.
Many analysts had anticipated that a dramatic drop in oil prices such as we’ve seen since the summer of 2014 could provide a big stimulus to the economy of a net oil importer like the United States.
Wage inequality is really a sign of a deeper problem; basically it reflects an economic system that is not growing rapidly enough to satisfy everyone.
It can be difficult to form a view of what’s really going on in our atmosphere, given the amount of information and of contradictory claims.
We don’t just extract fossil fuels. Instead, whether we intend to or not, we get a lot of other things as well: rising debt, rising pollution, and a more complex economy.
These reservations about degrowth point to the need to clarify what growth traps to avoid when making a transition to sustainable degrowth.
We have been living in a world of rapid globalization, but this is not a condition that we can expect to continue indefinitely.
We can no longer afford to imagine that we live in an empty world in which we can safely ignore or abuse the nonhuman beings and objects in it with minimal consequences. Rather we live in a full world, cheek by jowl with all its inhabitants crowding into our lives with real, tangible …
Is Peak Oil Dead and What Does It Mean for Climate Change?