Opportunities for a different economy in 2011

With last November’s election there are new governors, state legislatures, and a very different U.S. House of Representatives. The issues of budget cuts, tax reform, corruption, the global financial collapse and the rise in unemployment are high on the agenda. We have an opportunity to shape the debate on these issues and bring the steady state economy into the discussion.

Rising commodity prices and extreme weather events threaten global stability

It’s not surprising then that food and energy experts are beginning to warn that 2011 could be the year of living dangerously — and so could 2012, 2013, and on into the future. Add to the soaring cost of the grains that keep so many impoverished people alive a comparable rise in oil prices — again nearing levels not seen since the peak months of 2008 — and you can already hear the first rumblings about the tenuous economic recovery being in danger of imminent collapse. Think of those rising energy prices as adding further fuel to global discontent.

Is the global economy approaching an inflection point?

During a presentation last week a questioner asked me what I thought about predictions that gasoline prices would reach $5 a gallon this summer. I offered this critique. I said that the oil prices implied by $5-a-gallon gas could probably not be attained in such a weak global economy. And, something short of that price would probably send the economy into a tailspin.

The food bubble

You have seen food prices going up at the local grocery store. That could be just the beginning. According to Lester Brown, a leading expert in both the environment and world agriculture, those bulging supermarket shelves are part of a “food bubble”, which could crash. Brown compares our world food situation to the real estate bubble in the United States.

ODAC Newsletter – Jan 21

BP increased its exposure to the ‘wild east’ this week through a new joint venture with the state-owned Russian oil giant Rosneft. Given the rocky history of its existing joint venture, TNK-BP, the deal illustrates the risks BP has been forced to take to gain access to meaningful oil resources…

Art, activism, and permaculture

The Laboratory of Insurrectionary Imagination is not an institution or a group, not a network nor an NGO, but an affinity of friends who recognize the beauty of collective creative disobedience…Creation and resistance are the entwined DNA strands of the Lab’s practice. It sees art and activism as inseparable from everyday life. Its experiments aim not to make art but to shape reality, not to show you the world but to change it together.

If Britain starts fuel rationing, could US be next?

Facing up to imminent peak oil and runaway climate change, the UK could start rationing fuel within ten years. Rationing sounds scary. But it’s much fairer than the alternative, which is to let high prices determine who drives and who doesn’t. And the Brits’ innovative plan for Tradable Energy Quotas would reward energy conservation while softening the blow of higher costs. Meanwhile, the US continues to be in denial about both climate and energy depletion. Is there any way this British plan could come to Washington?

Microcredit: 
The good, the bad, and the ugly

For more than twenty years, microcredit has been widely heralded as the remedy for world poverty. Recent news stories, however, have sullied microcredit’s glowing reputation with reports on scandals, exorbitant compensation to managers, skyrocketing interest rates, and aggressive marketing schemes.

Population: one planet, too many people? (report)

Population: One planet, too many people? is the first report of its kind by the engineering profession. Unless the engineering solutions highlighted in the report are urgently implemented then the projected 2.5 billion more people on earth by the end of this Century (currently there is 6.9 billion) will crush the earth’s resources.