Review: The Economic Superorganism by Carey W. King
In this aptly titled book, University of Texas research scientist Carey W. King argues that the modern-day global economy is a superorganism.
In this aptly titled book, University of Texas research scientist Carey W. King argues that the modern-day global economy is a superorganism.
The message in this book is simple: There are hard physical limits to the growth of available energy to power our civilization and these will probably be seriously in effect by the end of the 21st century.
The wager of the book then, is that environmentalist movements need an alternative vision of limits that begins not from a premise of nature as scarce but rather as abundant, and of limitation not as enforced by outside conditions but rather adopted intentionally as an exercise of political autonomy.
In this post, I take a bit more time to introduce new elements in the book that Do the Math readers have not seen represented in some form in earlier posts. In other words: what new insights or calculations lurk within the book?
In order to overcome social and environmental injustices, we have no choice but to abandon the naturalized and structuralized notions that equate GDP growth with social progress and sincerely aim to conceive of alternatives.
We can’t know for sure, of course, whether the climate cataclysm will destroy scientific knowledge. But what we can see is that we are on a so-far unwavering path to climate catastrophe…
Let’s start with what’s fairly clear: There is no hope that a population of eight billion people with the current level of aggregate consumption today can continue indefinitely.
In effect the current debt is managed by borrowing from the future, on the assumption that the future will be better off. But the underlying trend based on an energy analysis tells us a different story.
As the demand for help from food banks increases can we really expect that spending on the arts and culture will be getting top priority in how people allocate their available money?
Economic growth is closely linked to increases in production, consumption and resource use and has detrimental effects on the natural environment and human health.
I was exchanging economist jokes over the holiday and heard this one that seemed apropos both to our resource predicament and the seeming abundance of the holiday season.
Will we run into fundamental limits on resources and debt? Or can human ingenuity and technological innovation continue to overcome any limits we encounter?