Insight and inspiration in turbulent times.
Molly Scott Cato In the immediate aftermath of the 2008 financial crisis, Bank of England staff attempted to estimate the financial costs to the UK economy. In 2009 Andrew G. Haldane, Executive Director for Financial Stability at the Bank estimated that the permanent loss to the UK economy from the banking crisis was anywhere between £1.8trn. and £7.4trn.
The softer, less measurable, more human consequences are only just now becoming clear.
Kari Hamerschlag has a post up about the upcoming Farm Bill and its potential to move money away from large scale industrial agriculture and towards smaller producers. For most small farmers producing for local markets, the idea is heady – after all, the economics agriculture are tenuous for many of us – we get all of the burdens of regulation without any of the economies of scale that accompany large scale agriculture.
– Solar Panels in China: An Emerging U.S.-China Trade Dispute?
– ‘Bicycle pump’ to turn wave power into clean energy
– El panorama energético actual (Argentina)
– How to run a PERMABLITZ!
– Ten lessons from the great cycling cities
– Cracking Open the Scientific Process (NYT on ‘Open Science’)
– De la cultura del ‘pelotazo’ a la inversión ‘lenta’ (Slow Finance)
Climate-change calamities, devastating for those affected, have important implications for how we think about the role of government in our future. During natural disasters, society regularly turns to the state for help, which means such immediate crises are a much-needed reminder of just how important a functional big government turns out to be to our survival.
“What we have in each of those ingredients, is a problem that we’ve seen that Transition initiatives come up against enough times to think that that is some sort of a common experience; and then the solution to that problem that we’ve seen implemented enough times to have some kind of confidence that it works…”
(Transcript of a long conversation with Transition founder Rob Hopkins – newly edited and formatted.)
During natural disasters, society regularly turns to the state for help, which means such immediate crises are a much-needed reminder of just how important a functional big government turns out to be to our survival.
This chapter explores details behind the phenomenal increase in global crude oil production over the last century and a half and the implications if that trend should be reversed. I document that a key feature of the growth in production has been exploitation of new geographic areas rather than application of better technology to existing sources, and suggest that the end of that era could come soon. The economic dislocations that historically followed temporary oil supply disruptions are reviewed, and the possible implications of that experience for what the transition era could look like are explored.
President Obama exuberantly embraced America’s new oil and gas frontier this week in his State of the Union address. Clearly aiming to steal some Republican election thunder, he pledged to open 75% of potential oil and gas resources, and repeated claims that the US is sitting on enough natural gas to last for 100 years (see insightful commentary on the numbers behind this from Chris Nelder, and more on gas prospects from David Strahan.
Two new books on the Occupy movement, reviewed by Transition Voice’s Erik Curren.
The strategy discussed in last week’s post–that of walking away from energy-intensive lifestyles before the waning of the age of abundant energy brings them grinding to a halt–is a viable response to the crisis of our age, but it’s also a great way to poke a stick at some of the most deeply entrenched of the modern world’s dysfunctional habits of thinking. Suggest it in public, for example, and you’ll very quickly learn why all that talk about saving the planet has turned out to be empty air: everyone’s quite willing to watch someone else make sacrifices for the good of the biosphere, but ask them to make sacrifices themselves and you’ll see just how far their love of the planet extends.
Last March, a 9.0 magnitude earthquake and subsequent tsunami left nearly 20,000 dead or missing and destroyed 125,000 buildings in the Tohoku region of Japan. The two disasters also caused three reactors at the Fukushima Daiichi nuclear power plant to melt down, which released dangerous levels of radiation into surrounding areas and led to national power shortages. Tokyo’s iconic neon signs were switched off as rolling blackouts spread across the country. Faced with the greatest reconstruction task since World War II, Japan is asking difficult questions about the future of its energy supply and just what sort of society should emerge from the ruins.
