I’m not saying the worst is going to happen. But if it does, matters could get depressingly bad, disturbingly fast.
•Swedish pension funds urged to dump fossil fuel holdings •Romantic Germany risks economic decline as green dream spoils •German Energy Storage Plan Could Trigger New Market Boom •Buying Local Solar Makes Florida City a World Leader •Constituency voices: realising the potential of community energy [Report]California’s Unusual Plan to Cut Greenhouse Gases
Paulson is a self-avowed, die-hard conservationist. He drives a Prius, is an avid bird watcher, and was even chairman of The Nature Conservancy. Surely, looking out at the Tetons, across that idyllic Jackson Hole, Paulson would be questioning the merits of further growth in the age of Supply Shock.
Economics as we know it today is broken. Unable to explain, to predict or to protect, it is need of root-and-branch replacement. Or, to borrow from Alan Greenspan, it is fundamentally ‘flawed’. But where do we look for inspiration in facilitating what is the mother of all paradigm shifts? Interestingly enough, the most insightful and strikingly innovative ideas seem to be coming from all directions other than the economics profession.
How could such acknowledged experts, well resourced, stuffed with economists and consulted by governments, get things so wrong?
“If peak oil occurs, it will dominate most everything else that we do, because energy drives everything.”
Today we see the woods as somewhere we go to walk the dog, where we have picnics and cycle rides. They have mostly become places of leisure where we take the kids to teach them about nature, gather some conkers and acorns and let them run wild for an hour or so.
Social entrepreneurship, if done properly, creates, fosters, and grows communities with new opportunities which were never within their reach before.
It’s a future about sufficiency more than it is about greed and wants…
It has become increasingly clear that we are poised between an old world that no longer works and a new one struggling to be born.
The monstrosity of capitalism gains new strength as political leaders fight for a return to growth by dissecting society. Though many nations are rising up against the monetary elite, most North Americans are still zombified.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Middle East
-Quote of the week