Energy and Ponzi schemes

Systems ecologist and energy researcher Charlie Hall has long championed a biophysical approach to economics as an alternative to neoclassical economics which he likens to a Ponzi scheme. Why a Ponzi scheme? Each new wave of lending is made based on the faith that future flows of energy will increase sufficiently to create enough economic growth to pay off the new loans.

The Flaw of Western Economies

Let’s imagine a green and responsible consumer. Let’s call him George. George lives in a sleepy town, near the center and the park where he often goes for a walk with his dog. George built his house with his friends two years ago. It is a very small house, only 320 square feet and it was made with cob – clay mixed with straw and aggregate.

United States – Dec 12

Energy secretary pick argues for new fuel sources
A Past President’s Advice to Obama: Act With Haste
Obama starts filling energy team
Hurdles, opportunities for ‘green’ stimulus
Browner to get the nod as Obama’s top energy and climate adviser
Christine Todd Whitman talks about greening the GOP and running the EPA