Year: 2011

The Shrinking Pie: Post-Growth Geopolitics

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As nations compete for currency advantages, they are also eyeing the world’s diminishing resources—fossil fuels, minerals, agricultural land, and water. Resource wars have been fought since the dawn of history, but today the competition is entering a new phase. From Richard Heinberg’s new book ‘The End of Growth’.

Fighting corporate power since 1776

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The original Boston Tea Party, claims liberal talk radio host Thom Hartmann, wasn’t really a protest against higher taxes and unrepresentative government. Instead, its target was the excessive power of a large corporation — the British East India Company. In Unequal Protection: How Corporations Became “People” — and How You Can Fight Back, Hartmann surveys the 250-year tug-of-war between citizens and corporations in the US, charts the ascendancy of today’s plutocratic rule and calls for a movement to take back American democracy. But is it relevant to fighting climate change and preparing for peak oil? You bet it is.

Deus ex Machina: Will economic collapse save us from climate catastrophe?

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A new paper by NASA’s James Hansen suggests that immediate and drastic declines (ca. 6% annual) in industrial CO2 emissions are required to avoid catastrophic climatic destabilization. As no realistic political solution exists for such immediate CO2 reduction, prospects for a livable future have now become dependent on a single back-breaking option: rapid global economic collapse. And in ‘Deus ex machina’ style, we may get it just in time.

Review: Reinventing Collapse – Revised and Updated by Dmitry Orlov

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Neither an economist nor a formally trained scholar, Dmitry Orlov is perhaps best described in his own words, as “more of an eyewitness” to the phenomenon on which he writes. He’s a Russian émigré who saw the Soviet Union fall firsthand and has been drawing on this experience in warning of the coming U.S. collapse. He came to fame five years ago with a smash-hit Internet article that won him a loyal following and a subsequent book deal. The book, Reinventing Collapse, is now in its second edition—and regardless of how well it holds up to scholarly scrutiny, it’s admirable in its wit and prodigious street smarts.

Profligacies of Scale

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Promoters of big centralized power generation schemes often justify their plans by invoking economies of scale. That logic made sense at a time when economic expansion and abundant resource supplies defined the framework for all economic activity, electricity generation very much included; in a post-abundance world, what were once economies could very easily turn into something else.

How the west was lost

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Arizona is burning. Texas, too. New Mexico is next. If you need a grim reminder that an already arid West is burning up and blowing away, here it is. As I write this, more than 700 square miles of Arizona and more than 4,300 square miles of Texas have been swept by monster wildfires. Consider those massive columns of acrid smoke drifting eastward as a kind of smoke signal warning us that a globally warming world is not a matter of some future worst-case scenario. It’s happening right here, right now.

Who needs a bank?

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So let’s ask another question. Why do we need banks – what are they for? This is less about what banks get up to, than about money. How should we think about the institutions that deal with our and other people’s money? What does it mean for you or me to have money?