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Tag Archives: growth
Here’s Why the Status Quo Is Doomed
Here’s Why the Status Quo Is Doomed The problem is the Status Quo only works in a world with plenty of room to expand. The central illusion of this era is that the Status Quo can be reformed or saved.All we need to do is (or so we’re told): 1. Get money out of politics […]
Globalized Crisis
Globalized Crisis If there is a bright side to the turmoil that has roiled the global economy since 2008, it is that not every part of the world has erupted simultaneously. The first blow was the subprime mortgage crisis in the United States, to which Europeans responded with self-satisfied reflections on the superior resilience of […]
Bee battles: why our native pollinators are losing the war
As global commerce grows, the movement of goods is occurring at ever-faster rates. And with increased global trade comes the spread of non-native species. This includes invasive insects that are making life difficult for domestic bees. Non-native species get introduced both intentionally and accidentally. However they migrate, though, their spread can lead to devastating results. […]
Let’s Talk About Solutions, Not Fake Fixes
Let’s Talk About Solutions, Not Fake Fixes Since the status quo has no workable Plan B to “growth” in an economy in which household incomes have declined 8.5% in a supposedly expanding economy, real solutions must arise outside the status quo. It’s a lot easier to talk about what’s wrong with the status quo and […]
Post-Development Discourse: Lessons for the Degrowth Movement (Part 1)
Post-Development Discourse: Lessons for the Degrowth Movement (Part 1) Is degrowth only conceivable in the context of “oversaturated” industrial societies while the global “South” remains dependent on growth? In two installments, this article questions such assumptions. In this first part it introduces positions critical of development which refuse to adopt the Western model of prosperity; […]
US Recession Imminent – World Trade Slumps By Most Since Financial Crisis
US Recession Imminent – World Trade Slumps By Most Since Financial Crisis As goes the world, so goes America (according to 30 years of historical data), and so when world trade volumes drop over 2% (the biggest drop since 2009) in the last six months to the weakest since June 2014, the “US recession imminent” […]
In Denial: We Pursue Endless Growth At Our Peril
James Steidl/Shutterstock In Denial: We Pursue Endless Growth At Our Peril A requiem for planet Earth As we’ve been discussing of late here at PeakProsperity.com, humans desperately need a new story to live by. The old one is increasingly dysfunctional and rather obviously headed for either a quite dismal or possibly disastrous future. One […]
The Fifth Wave (Part Two)
The Fifth Wave (Part Two) The Third Wave The next wave of conservation, which stirred after World War II, had two principal components: an emphasis on science and a focus on private land. This was no accident—these components represented important shortcomings of the previous two waves. Federalism, by definition, focused on public lands, which meant […]
Preempting a Misleading Argument: Why Environmental Problems Will Stop Tracking with GDP
Preempting a Misleading Argument: Why Environmental Problems Will Stop Tracking with GDP I hate to say I told you so, and could be too dead to do so, so I’ll tell you in advance: One decade soon, environmental problems will stop tracking with GDP. But the reasons? Well, they probably aren’t what you think, especially […]
The Next 94 Days Could Be Bad for Your Wallet
The Next 94 Days Could Be Bad for Your Wallet The Longest, Deepest Depression in US History Yesterday’s good news was that there will be no 25-year recession. “We should be so lucky,” is the way a New Yorker might react. Because the bad news is much worse. The logic of the “long depression” is simple. […]
Changes to Total Global Credit Affects The Oil Price
Changes to Total Global Credit Affects The Oil Price In some posts on Fractional Flow I have presented some of my explorations of any relations between the oil price, changes to global total credit/debt and interest rates. My objective has been to gain and share some of my insights of how I see the economic undertows […]
US Economic Output – “Ugly, but Fleeting”?
US Economic Output – “Ugly, but Fleeting”? On the Uselessness of Aggregate Economic Statistics We actually hate talking about GDP. It mainly measures consumption and leaves out the bulk of the economy’s production structure – which has led to the completely erroneous, but often repeated notion that “the consumer represents 70% of economic activity”. In […]
The Financial Markets Now Control Everything
The Financial Markets Now Control Everything The entire economic and political structure is now dependent in one way or another on the continued expansion of financial markets. The financial markets don’t just dominate the economy–they now control everything. In 1999, the BBC broadcast a 4-part documentary by Adam Curtis, The Mayfair Set ( Episode 1: “Who Pays Wins” 58 minutes), […]
Overview of Our Energy Modeling Problem
Overview of Our Energy Modeling Problem We live in a world with limits, yet our economy needs growth. How can we expect this scenario to play out? My view is that this problem will play out as a fairly near-term financial problem, with low oil prices leading to a fall in oil production. But not everyone […]
Money from Heaven, Path to Hell
Money from Heaven, Path to Hell What the Fed is going on?! The free-flowing money from the Fed appears to be “Money from heaven” at this point. And in some ways it absolutely is – but only if you take advantage of it personally and decide to protect yourself by locking in these “artificial” gains […]
