Oops! Low oil prices are related to a debt bubble
Why is the price of oil so low now? In fact, why are all commodity prices so low?
Why is the price of oil so low now? In fact, why are all commodity prices so low?
To orientate to the world properly we need to have a proper feel for the huge amount of what we don’t know…
“Inequality is becoming unbearable,” former Inter-American Development Bank president Enrique Yglesias pronounced. Our economic chasms have reached “obscene proportions.”
I envision fulfilling, challenging, joyful lives within environmental constraints, but I can’t imagine that happening without societal signals to reinforce consistent behavior.
The value of science is undermined when we adopt questionable assumptions and fine-tune our analysis to conform to dominant political and economic sensibilities.
Extremely dangerous political rhetoric has proliferated over the past several decades, seducing the masses onto a path that leads to the destruction of nature and civilization.
Most people haven’t heard about the United Nations Sustainable Development Goals (SDGs).
For thousands of years we have grown — in population, in energy consumption, in land under cultivation, in bits of data, in economic output.
In this post, I show some longer-term time series relating to energy growth, GDP growth, and debt growth–going back to 1820 in some cases–that help us understand our situation better.
Our economy is like a pump that works increasingly slowly over time, as diminishing returns and other adverse influences affect its operation. Eventually, it is likely to stop.
There are many reasons to change the current money system.
Is degrowth only conceivable in the context of “oversaturated” industrial societies while the global “South” remains dependent on growth?