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Fifth Of Countries Worldwide At-Risk Of “Environmental Shocks” Collapsing Ecosystem
Fifth Of Countries Worldwide At-Risk Of “Environmental Shocks” Collapsing Ecosystem A new report via insurance firm Swiss Re warns that one-fifth of countries worldwide are at risk of their ecosystems collapsing because of a decline in biodiversity. The reinsurer said more than half of global GDP, equal to about $41.7 trillion, is highly dependent on “high-functioning […]
Can Constant Money Growth Rule Prevent Boom-Bust Cycles?
CAN CONSTANT MONEY GROWTH RULE PREVENT BOOM-BUST CYCLES? According to the Nobel Laureate in Economics, Milton Friedman, the key cause of the business cycles is the fluctuations in the growth rate of money supply. Friedman held that what is required for the elimination of these cycles is for central bank policy makers to aim at […]
Why We’re Doomed: Our Delusional Faith in Incremental Change
Why We’re Doomed: Our Delusional Faith in Incremental Change Better not to risk any radical evolution that might fail, and so failure is thus assured. When times are good, modest reforms are all that’s needed to maintain the ship’s course. By “good times,” I mean eras of rising prosperity which generate bigger budgets, profits, tax revenues, […]
The Insanity of Central Banks
The Insanity of Central Banks QUESTION: Marty, you mentioned several times now, that the ECB MUST convert to a digital Euro. I have done speeches about that based on a paper from the IMF (Christine Lagarde) last year, in which they too discuss how to do it. But I have a serious question regarding timing. I live […]
Who is “we”?
Who is “we”? Ed. note: Robert Jensen, “Who is we?” The Ecological Citizen, 4:1 (2020): 57-61. (The version below is slightly revised for a forthcoming book, The Perennial Turn, edited by Bill Vitek.) Who is “we”? We humans have made a mess of things, which is readily evident if we face the avalanche of studies and statistics describing the contemporary […]
Getting Out of Dodge
GETTING OUT OF DODGE Recently I received an email from a reader who asked for some feedback regarding a decision he was about to make. He’s in his early 50’s, single with an adult child and is considering resigning from his well paid and secure job in order to gain access to his substantial pension […]
Economy vs. environment: York Region seeking a process to develop Greenbelt lands
Economy vs. environment: York Region seeking a process to develop Greenbelt lands Newmarket mayor says public should be consulted after environmentalists sound alarm York Region councillors voted Thursday to ask the province to open up parts of the Greenbelt to developers — but a vocal few are saying the public should have been consulted first. […]
The Hazards of 4 More Years of Jerome Powell
The Hazards of 4 More Years of Jerome Powell Whether Trump or Biden is elected in November, they will have to decide whether or not to appoint Federal Reserve Chair Jerome Powell to another term. And if he is appointed again, the way he continues to handle the continuing ripple effects of the COVID-19 “shutdown” […]
Today’s Contemplation: Collapse Cometh VI
Today’s Contemplation: Collapse Cometh VI It’s truly unfortunate that our society pursues such self-evidently egregious exploits on our environment. You can’t continue to pollute your backyard without eventually destroying the complex ecological systems that support you — to say little about the finiteness of most resources we overly depend upon. And, certainly, we can’t continue […]
Global Food Prices Rise As Famine Threat Emerges
Global Food Prices Rise As Famine Threat Emerges Food prices continue rising during the coronavirus pandemic, jeopardizing food security for tens of millions worldwide. On Thursday, the Food and Agriculture Organization (FAO) of the United Nations said world food prices rose for the fourth consecutive month in September, led by surging prices for cereals and vegetable […]
The One Assured Outcome of the Election
The One Assured Outcome of the Election Ever since the crash of 2008, a trend has developed in U.S. election debate: the near complete avoidance of serious discussion about the economy. Ron Paul was the last candidate to attack the subject with any energy, and that was quite a while ago now. The economic decline […]
BC Hydro Bets on Interest Rates — and Loses $1 Billion
BC Hydro Bets on Interest Rates — and Loses $1 Billion A hedging program was supposed to protect the corporation from rising rates. Instead, it’s creating major liabilities. The Peace River was dammed and sent through these diversion tunnels this week to allow work on Site C to continue in the dry riverbed. Photo via BC […]
