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Tag Archives: growth
The G-7’s Reckless Commitment To Mounting Debt
The G-7’s Reckless Commitment To Mounting Debt Historically, meetings of the largest economies in the world have been essential to reach essential agreements that would incentivise prosperity and growth. This was not the case this time. The G7 meeting agreements were light on detailed economic decisions, except on the most damaging of them all. A minimum […]
The Abuse of Public Debt–And How It Sets the Stage For Economic Disaster
THE ABUSE OF PUBLIC DEBT—AND HOW IT SETS THE STAGE FOR ECONOMIC DISASTER The 2020–21 recession has been devastating for the global economy. It has been ninety years since the global economy last suffered through a recession of this magnitude (in the Great Depression). Nonetheless, it seems that the social effects of the current recession […]
Exponentiality Leads to Finality
EXPONENTIALITY LEADS TO FINALITY As technological developments and markets go parabolic, we observe many market “experts”, even intelligent ones, forecasting that we are now in an exponential economic era. Thus many believe that this will go on forever. This is the typical attitude at market and economic tops and guarantees that THIS WILL NOT END WELL! […]
The idea of ‘green growth’ is flawed. We must find ways of using and wasting less energy
The idea of ‘green growth’ is flawed. We must find ways of using and wasting less energy As countries explore ways of decarbonising their economies, the mantra of “green growth” risks trapping us in a spiral of failures. Green growth is an oxymoron. Growth requires more material extraction, which in turn requires more energy. The fundamental […]
The American infrastructure, ancient Rome and ‘Limits to Growth’
The American infrastructure, ancient Rome and ‘Limits to Growth’ Infrastructure is the talk of the town in Washington, D.C. where I now live and with good reason. The infrastructure upon which the livelihoods and lives of all Americans depends is in sorry shape. The American Society of Civil Engineers 2021 infrastructure report card gives the United States […]
Today’s Contemplation: Collapse Cometh XV
Today’s Contemplation: Collapse Cometh XV Rome, Italy (1984) Photo by author Energy. It’s at the core of everything we do. Everything. Yet we take it for granted and rarely think about it and what the finiteness of our various energy sources means for us. As Gail Tverberg of Our Finite World concludes in a recent thought-provoking article that should […]
Our rapid ascent in energy and resource use has distorted our view of “normal”
Our rapid ascent in energy and resource use has distorted our view of “normal” The new reality warns we are on a collision course with Earth’s finite limits —– Tom Murphy “The delirious ascent in energy and resource use witnessed over the past few centuries has been accomplished via the rapid, accelerating expenditure of a one-time […]
Get Ready for a Wild “Base Effect”: Highlighted Forcefully when it Suits Them, as with Inflation; Silenced Forcefully When it’s Awkward, as with Corporate Earnings
Get Ready for a Wild “Base Effect”: Highlighted Forcefully when it Suits Them, as with Inflation; Silenced Forcefully When it’s Awkward, as with Corporate Earnings We’re going to be awash in huge and even absurd percentage-growth numbers. The numbers are starting to crop up everywhere: For example, new vehicle sales in March jumped nearly 60% […]
Do You Believe in Magic?
Do You Believe in Magic? The people pretending to run the world’s financial affairs do. The more layers of abstract game-playing they add to the existing armatures of unreality they’ve already constructed, the more certain it becomes that they will blow up all the support systems of a sunsetting hyper-tech economy that now has no […]
Are We Staring At A Coming Systemic Breakdown & The End Of Capitalism?
Are We Staring At A Coming Systemic Breakdown & The End Of Capitalism? Michael Every of Rabobank is concerned we are For any problems they face, governments all over the world are now conditioned to simply deficit spend or issue new $trillions in ‘thin air’ currency. So how in danger are we of that recklessness […]
Energy and Human Ambitions on a Finite Planet
Energy and Human Ambitions on a Finite Planet Where is humanity going? How realistic is a future of fusion and space colonies? What constraints are imposed by physics, by resource availability, and by human psychology? Are default expectations grounded in reality? This textbook, written for a general-education audience, aims to address these questions without either […]
What Interest Rate Triggers The Next Crisis?
What Interest Rate Triggers The Next Crisis? The Ten-year U.S. Treasury note yields 1.61%. 10-year high-quality corporate bonds yield 2.09%. The rate on a 30-year mortgage is 3.05%. Despite recent increases, interest rates are hovering near historic lows. We do not use the word “historic” lightly. By “historic,” we refer to the lowest levels since […]
On a finite planet, maintaining endless economic growth is not a viable option
On a finite planet, maintaining endless economic growth is not a viable option Cooperative conservatism could help to get us off growth with minimum pain and maximum gain, says Richard Heinberg. — Richard Heinberg “Both the U.S. economy and the global economy have expanded dramatically in the past century, as have life expectancies and material progress. […]
“The Necessary Alternative to Growth is Degrowth”
“The Necessary Alternative to Growth is Degrowth” A Review of Degrowth by Giorgos Kallis (2018) In Europe, “degrowth” is actually a movement, while in the US it is barely mentionable in polite society. To question “growth” would be the death knell for any serious politician. So what’s going on here? We live in the same world and face the […]
