Insight and inspiration in turbulent times.
Is continued growth and an industrial economy actually desirable and, a separate and different question, is this growth sustainable? Can growth continue? In the 1970s growing uneasiness about the ecologically destructive effects of the growth economy led a few economists and scientists who were sceptical that growth could continue for ever to look into this matter in more depth.
I suggest we join Morin and Pogany in renouncing the irrational exuberance that expects irresistible progress and economic growth extending to infinity. To break out of this cognitive prison habit may be very challenging indeed. However, at some point there will be no choice. It’s time to stop digging that hole that we think is taking us up the mountain
Post-purchase dissonance is an expression psychologists use to describe the disappointment we sometimes feel on realizing that our latest consumer purchase does not fulfil the promise we bought it on. At first sight it’s a curious anomaly. On deeper reflection, it turns out to be the structural basis for the entire edifice. The engine of consumer society is discontentment. This is more than a rhetorical claim.
Thanks to modern science and technology—satellites and computers—we have days of warning before a hurricane hits. Science and technology have also enabled us to forecast “storms” of another kind. Using computers and data about population, energy, pollution, natural resources, and economic trends, it’s possible to generate scenarios for the future of industrial civilization.
Continued exponential economic growth is impossible, but the S-curve of slowing growth followed by a steady state is not the only other alternative. If the goal is maintaining GDP at the highest possible level, then the S-curve is the best case scenario, but in today’s world that isn’t necessarily desirable or even possible.
‘Overshoot’ is when a species uses resources faster than can be replenished. We’re already there. And show no signs of changing. Humans have a virtually unlimited capacity for self-delusion, even when self-preservation is at stake.
Richard Heinberg joins Juliet Jacobs at BFM radio to discuss realistic avenues for transitioning to renewable energy, the environmental implications of economic growth, and how we can build more resiliency into the sustainability movement.
I sincerely believe we – humanity – are at a critical juncture in determining our chances of having a flourishing planet on which we all can thrive this century. And the economic worldview that we use will significantly shape that. So there is much to be gained by engaging respectfully with those who disagree with us.
In other words, the modern consumer culture was born – not as a response to innate human greed or customer demand, but to the needs of industrial capital.
Doughnut Economics, by Kate Raworth (Chelsea Green, 2017) is an interesting book that goes in the right direction in the sense that it promotes a circular economy, but it leaves you with the impression that it missed that extra step that would have lead it to define the goal in the right way. Bridging the gap between standard economics and biophysical economics is still far away.
We now have to take into account that depletion means that, at well heads around the world, the energy to produce energy is increasing. It takes energy to prospect for oil and gas and if the wells are smaller and more difficult to tap because, for example, they are out at sea under a huge amount of rock. Then it will take more energy to get the oil out in the first place.
In her new book, “No Is Not Enough: Resisting Trump’s Shock Politics and Winning the World We Need”, Klein reminds us to pay attention not only to the style in which Trump governs (a multi-ring circus so routinely corrupt and corrosive that anti-democratic practices seem normal) but in whose interests he governs (the wealthy, those he believes to be the rightful winners in the capitalist cage match)…
