Tag «economic growth»

Where do we go from here?

Some doors are closed. We will no longer observe long-term growth of the industrial economy. In fact, any growth reported by the government or media is suspect at this point, and probably a result of the age-old fudging-the-numbers trick. We have entered the age of contraction. The days of access to the inexpensive fossil fuels …

Wanted: two miracles

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 …

Politically Viable Solutions for Peak oil and global climate change

As I’ve written and said many times, I see no politically viable solutions to peak oil or global climate change. There is simply no way to tell the masses the truth about economic contraction and then get re-elected. Ditto for declining accessibility to fossil fuels even as the human population continues to grow, with every …

Terminating the industrial economy: a ten-step plan

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 …

Unwinding

If Ben Bernanke and the fools at the Fed actually thought the industrial economy was recovering, they’d jack up interest rates. When the prime rate is up around 5%, you’ll know the industrial economy is back on track. Alternatively, you can monitor the extinction rate of non-human species.