Tag Archive | "depression"
Teetering
The industrial economy, that is. On the brink, yet again. The real economy — not the born-again exuberance in the world’s stock markets — is stalling as the effects of easy money wear off. Indeed, investor fund flows haven’t been this bad since Lehmann Brothers collapsed in the autumn of 2008. The IMF says risks [...]
Continue reading...Rollercoaster redux
Thursday, May 6, 2010
To his imperial credit, Barack Obama did manage to calm the stock markets for a year. But his promises of oversight and transparency are being overwhelmed by his actions. It’s obvious the banksters will not be regulated on Obama’s watch in any significant manner because the entire American economic system is based on fraud, and [...]
Continue reading...Warning shots
Thursday, April 29, 2010
How many do you need? I still keep hearing, “If things get bad, I’ll move to ….” And then fill in the blank with your favorite fantasy or nightmare, including these and many more: “my sister-in-law’s property in Kansas” “Mexico” “the wilderness” “a central America country” “southern Europe” “the coast” First, let’s consider how “bad” [...]
Continue reading...What works, maybe: individual options
Monday, April 26, 2010
Like global climate change, peak oil represents a predicament, not a problem. There is no politically viable solution to either of these great challenges. Political solutions require economic growth, forever, and therefore no significant sacrifice on the behalf of the electorate. Further, the industrial economy is underlain by the assumption of growth: The industrial economy [...]
Continue reading...Surveying the field and charting a course
Friday, April 16, 2010
It’s all the rage to talk about a double-dip in the industrial economy. That would be an economic trend in the shape of a W. I think an M is far more likely. The assumption of never-ending growth underlies all neoclassical economic assessments, but I think that assumption is about to break up on the [...]
Continue reading...What works: Caveats for a series of essays
Monday, March 15, 2010
My next few essays will concentrate on the cardinal elements of survival: water, food, body temperature, and community. Unless and until we secure these four entities, we will not survive. At the mud hut, our goal is not merely survival. We intend to thrive during the post-carbon era. We relish the opportunity to see the [...]
Continue reading...Viral collapse
Sunday, February 14, 2010
According to economists, the beauty of globalization is worldwide access to materials and cheap (or free) labor to bring the materials to powerful countries. We provide garbage, pollution, and low wages — or, in the “best” cases we enslave workers — and we obtain materials and finished goods. This is the rising economic tide that [...]
Continue reading...Wanted: two miracles
Monday, January 25, 2010
The cover of William Catton’s 1980 book, Overshoot, includes the following definitions: carrying capacity: maximum permanently supportable load. cornucopian myth: euphoric belief in limitless resources. drawdown: stealing resources from the future. cargoism: delusion that technology will always save us from overshoot: growth beyond an area’s carrying capacity, leading to crash: die-off. Most people to whom [...]
Continue reading...If it suddenly ended tomorrow, could you somehow adjust to the fall?
Monday, January 18, 2010
We’ve all played the “what if” game, and specifically the one with a timeline. What if I had six months to live? Would I live differently? Would I see somebody, or some place? How would I “make my peace” with the world and those I love? Let’s kick it up a notch. It’s not one [...]
Continue reading...Terminating the industrial economy: a ten-step plan
Friday, December 25, 2009
Will the ongoing economic collapse reach completion in time to save the living planet, and our species, in the absence of action on our part? Perhaps. Does that give us the right to ignore the moral imperative, hoping — or rather, wishing — peak oil causes the system to collapse under its own weight in [...]
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Thursday, June 10, 2010
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