The global economics of our fragile earth – July 10

-The Global Economy: It’s All About Increasing Leverage
-China exports yet more excess capacity to crippled West
-Rio+20: Tim Jackson on how fear led world leaders to betray green economy
-The Future /Who/ Wants (or needs)?
-Libor was a criminal conspiracy from the start

The rise and fall and rise of great public spaces

Public space is a literal commons: the common ground where people come together as friends, neighbors and citizens. Places we share together—parks, streets, sidewalks, squares, trails, markets, waterfronts, beaches, museums, community gardens, public buildings and more—are the primary sites for human exchange, upon which our communities, economy, democracy and society depend.

Towards an ecological macroeconomics

As many have argued, modern macroeconomics has proved itself spectacularly unsuited to anticipate and understand the crisis. This is no wonder, considering that the majority of models – including the macroeconometric models of the main central banks – treat money in an unrealistic textbook way and don’t even consider the existence of private banks, which, instead, are the major players in the process of creation and allocation of credit in the economy, as nef’s recent “Where does money come from?” brilliantly explains.

What do we do about climate change?

After Copenhagen it was by no means obvious that simply calling upon governments to act would achieve very much. Yet the situation is urgent – so what do we do? The aim of this chapter is to look at options for getting from where we are now to adequate climate mitigation. It starts by looking at all the obstacles to getting things done – but this is not so that we get discouraged and give up. It is so that we are realistic and can find our way around the obstacles.

Hope is for the lazy: The challenge of our dead world

First, to be a hope-monger or a hope-peddler today is not just a sign of weakness but also of laziness, and sloth is one of the seven deadly sins. Don’t forget that, as good Christians, we try to avoid those.

Second, our world is not broken, it is dead. We are alive, if we choose to be, but the hierarchical systems of exploitation that structure the world in which we live — patriarchy, capitalism, nationalism, white supremacy, and the industrial model — all are dead.

The Canutist State

It would be more just to Canute if the term “Canutist State” referred to a wise government that constrained the ignorant attempts of its businessmen and economists to grow forever. With apologies to the wise King, I will perpetuate this injustice because the image of a stupid government serving business interests by trying to countermand nature’s laws is such an apt description of what is happening today that we need a name for it.