Tag Archive | "economic depression"
Muddling along
After a woefully inept introduction, this essay forces me to stare into the abyss of planet-destroying myth. If you believe we’re headed for a muddle-through future in which we correct massive ecological overshoot with the tranquility of Buddhist monks, this is the essay you’ve been waiting to read. Come on along, if you dare, keeping [...]
Continue reading...Economic and environmental consequences of expensive oil
Friday, July 16, 2010
What are the causes and consequences of expensive oil? The first question is posed in this article, and answered surprisingly well by a neoclassical economist. He understands the relationship between the price of oil and economic growth, and he hints at constrained supply while also expressing irrational exuberance about continued economic growth. As an economist, [...]
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: 98.6 degrees
Tuesday, March 30, 2010
Along with securing potable water and edible food, any strategy for thriving during the post-carbon era will include maintaining body temperature at about 98.6 F (if you speak Celsius, that’s 37 C). There are several ways to accomplish this goal, even if you spend most of your time traveling. In this essay, I will describe [...]
Continue reading...Throwing off the shackles of debt
Monday, March 1, 2010
by Guy R. McPherson, Keith Farnish, Dave Pollard, and Sharon Astyk Indebtedness is a form of servitude, usually involuntary, and, in extreme cases imprisonment. Consider, for example, current rates of interest, usurious compared to what savers earn on their savings in the same banks that charge that interest. Many religious organizations loath interest rates as [...]
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...City living in a post-peak world
Wednesday, February 3, 2010
This headline at today’s version of Energy Bulletin caught my eye: Are cities sustainable in a post-peak oil world? The editors at Energy Bulletin, reflecting contemporary culture, clearly do not understand sustainability. At every level, from the individual through the culture and even through the species, ours is a transient existence. We should be focused [...]
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 [...]
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Monday, August 2, 2010
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