The Aftermath of the Great Recession, Part II

The outlook for consumption growth in the over-leveraged United States is bleak. Economists Menzie Chinn and Jeffrey Frieden discussed the origins of the financial crisis, the debt situation in the U.S. and the global outlook in Reflections on the Causes and Consequences of the Debt Crisis of 2008. This text broadly describes the origin of the crisis.

Soil, Seeds, Salt: Education Brought Down to Earth

Dandelion leaves flown thousands of miles north from Mexico now grace the organic section of our best local grocery stores…I find myself smiling at the latest proof of the power of our greening greenbacks. I am as well amused and saddened by the irony that the leaf generously and effortlessly yielded every hour for most months of the year by soil and worms in our own backyards must be carried north in airplanes guzzling barrels of oil and spewing millions of pounds of greenhouse gases.

Peak oil, prices and supplies – Sept 22

-Not your average peak oil theory, from Macquarie
-Total issues oil shortage warning
-Would You Know How to Survive After the Oil Crash?
-Squeezing the last bit of oil from Mother Earth
-UK at risk of global energy shock, says MPC’s Andrew Sentance

Dreaming a life

A few months ago, I had an email exchange with Bill McKibben about the commonly perceived but, we both agreed, false distinction between lifestyle changes and political acts. Those of you who have read _Depletion and Abundance_ know that I spend a good bit of time on just this subject – on the idea that our ordinary daily activities are not political acts, or that we can resolve our problems in a way that isn’t whole, that doesn’t include our personal way of life *along* with our political and community activism.

Disaster: the gift that keeps on giving, or finding paradise in hell

The conundrum we call human nature readily rises to the occasion of a crisis and as readily slacks off when the living is easy. During its decade of prosperity based on precarious financial schemes, Iceland grew politically apathetic and a little dull and demoralized. When its mismanaged economy crashed spectacularly in October 2008, furious citizens took action and a vibrant civil society emerged; it was the best and worst of times as the country lost its economic wealth and social poverty…

Daydreams of Destruction

The troubled future of industrial society has become tangled up in our collective imagination with a dizzying array of hopes and fears. Will the end of our age bring more meaningful and fulfilling lives to the survivors, as some people insist nowadays, or have daydreams of destruction become an inkblot onto which too many people project fantasies of redemption?