Home » Posts tagged 'john feffer'

Tag Archives: john feffer

Olduvai
Click on image to purchase

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

The Selling of Degrowth

December 24, 2021

The “Selling” of Degrowth

Shutterstock

THE “SELLING” OF DEGROWTH

Can those who advocate hitting the brakes on economic growth get their message across before it’s too late?

Over the last three decades, a growing number of scientists and ecologists have argued that economic growth has long outstripped the capacity of the planetary ecosystem. They have developed numerous sophisticated models to demonstrate their point. They have boiled down the technical information—about the availability of mineral resources, the limits of energy generation, the constraints of food production, the effects of biodiversity loss, and of course the impact of climate change—into accessible texts. They have lobbied governments, and they have crafted soundbites for the media.

Despite these efforts, economic growth remains at the heart of virtually every government’s national policy. Even the various Green New Deals that have been put forward around the world are wedded to notions of economic expansion. At the heart of these more recent attempts to bring carbon emissions under control is the concept of “green growth,” which has become the current mantra. So, inevitably, advocates of degrowth have addressed this new version of “sustainable” economic expansion.

“We have to continue to pound away with articles and social media to dispel that fuzzy and oxymoronic notion of ‘green growth,’ that there is no conflict between growing the economy and protecting the environment,” observes Brian Czech, the founder of the Center for the Advancement of the Steady State Economy (CASSE) in Washington, DC.

The evidence that economic growth is associated not only with climate change but all the other ills of resource depletion is overwhelming. But evidence is not enough. “When we look at the discourses at the international and even at the national level, the recourse to the evidence is not what is necessarily moving the argument,” points out ecological economist Katharine Farrell of the Universidad del Rosario  in Colombia…

…click on the above link to read the rest of the article…

Climate Change and the Limits of Economic Growth

November 4, 2021

Climate Change and the Limits of Economic Growth

Shutterstock

CLIMATE CHANGE AND THE LIMITS OF ECONOMIC GROWTH

If economic growth ushered in this era of climate change, how can economic growth also be part of the solution?

Since the nineteenth century, human society has experienced extraordinary but uneven economic growth thanks to the energy unleashed from fossil fuels. That growth, and the greenhouse gasses released from fossil-fuel use, has also created the current climate crisis. The conventional solution put forward to this crisis, a putative compromise between economic and environmental imperatives, has been to maintain economic growth but on the basis of sustainable energy sources.

Not all ecologists or economists are enthusiastic about this “green growth” alternative. According to these critical views, which have now begun to move into the mainstream, the planet simply can’t sustain the current pace of growth and even renewable energy sources like solar hit up against significant resource limits. The only effective way to control carbon emissions, as well as related problems of pollution and biodiversity loss, is to address “overshoot,” the unconstrained use of energy and material resources well beyond planetary limits, particularly in the richer parts of the world. These arguments pick up from some of the earliest computer modeling of resource limits highlighted in the Club of Rome’s Limits to Growth report in 1972, but now with a climate crisis twist.

With the fiftieth anniversary of the Club of Rome report approaching, a number of scientists and economists gathered in early October to assess the current state of play of the zero-growth argument, its traction in the mainstream, and how best to call attention to the data supporting these positions. They looked at this question from various angles—physics, geology, biology, economy, ecology—and discussed the major obstacles to greater acceptance of more critical approaches to economic growth as well as ways of overcoming these obstacles.

…click on the above link to read the rest of the article…

The Black Death Killed Feudalism. What Does COVID-19 Mean for Capitalism?

May 14, 2020

The Black Death Killed Feudalism. What Does COVID-19 Mean for Capitalism?

How will the coronavirus transform the relationship between state and market? A look at oil, food, and finance.

Shutterstock

You pay little attention to the systems of your body — circulatory, digestive, pulmonary — unless something goes wrong.

These automatic systems ordinarily go about their business, like unseen clockwork, while you think about a vexing problem at work, drink your morning cup of coffee, walk up and down stairs, and head out to your car to begin your morning commute. If you had to focus your attention on breathing, pushing blood through your veins, and metabolizing food, you’d have no time or energy to do anything else. The body abhors the micromanaging of the mind.

The same applies to the world’s markets. They whir away in the background of your life, providing loans to your business, coffee beans to your nearby supermarket, labor to build your house, gas to fill your car. You take all of these markets for granted. All you have to concern yourself with is earning enough money to gain access to these goods and services. That’s what it means to live in a modern economy. The days of hunting and gathering, of complete self-sufficiency, are long past.

And then, in a series of sickening shifts, the markets go haywire. As with a heart attack, you no longer can take the optimal performance of these systems for granted.

The coronavirus crisis has thrown the global economy into cardiac arrest, and now you are acutely aware of the very markets that you had previously just assumed would function as normal. The first indication was the precipitous drop in the stock market that took place in late February. Then, as the United States began to enter quarantine, the labor market collapsed and hundreds of millions of people were suddenly out of work. Shortages in a few key commodities — masks, ventilators, toilet paper — began to appear.

…click on the above link to read the rest of the article…

he New Age of Protest

October 7, 2019

The New Age of Protest

Photograph Source: Marcus Coblyn – CC BY 2.0

Led by young people, climate strikers blocked traffic on two mornings at the end of last month in Washington, DC. On the first day, protestors chained themselves to a boat three blocks from the White House, and 32 activists were arrested. On the second day, activists targeted the EPA and Trump International Hotel. It was a not-so-subtle suggestion to commuters stuck in their cars on those mornings to think more favorably about public transportation or telecommuting. It was also a potent reminder, as Congress remains polarized on so many issues, that some paralysis is healthy in the nation’s capital.

The DC protests were part of a global climate strike that involved an estimated 6.6 million people. In New Zealand, 3.5 percent of the population participated. Melbourne, Berlin, and London each had rallies of 100,000 people. In Seattle, over a thousand workers walked out of Amazon headquarters, demanding that the company reduce its carbon emissions to zero.

It wasn’t just the children of the privileged in the industrialized world who were out on the streets. Protests took place in 125 countries and 1,600 cities, including 15 cities in the Philippines, throughout India, and all over Africa.

The global climate strike is just the latest mass protest this year. Demonstrations have roiled Hong Kong since the beginning of the summer. Tens of thousands of people poured into the streets in Moscow through the fall to protest restrictions on local elections. Thousands of Brazilians thronged major cities to condemn their president’s handling of the Amazon fires, and the same outrage prompted people to gather with placards in front of Brazilian embassies all over the world. Protests against Venezuela’s leadership that broke out on January 1 have recently dwindled even as demonstrations to remove Haiti’s president have heated up and security forces have cracked down on Iraqis protesting the corruption and inefficiency of their government.

 …click on the above link to read the rest of the article…

Globalists Really Are Ruining Your Life

December 19, 2018

Globalists Really Are Ruining Your Life

You know the story: the globalists want your guns. They want your democracy. They’re hovering just beyond the horizon in those black helicopters. They control the media and Wall Street. They’ve burrowed into a deep state that stretches like a vast tectonic plate beneath America’s fragile government institutions. They want to replace the United States with the United Nations, erase national borders, and create one huge, malevolent international order.

The only thing that stands in their way is — take your pick — the Second Amendment, Twitter, or Donald Trump.

Conspiracy theorists have, in fact, been warning about just such a New World Order for decades, going all the way back to the isolationist critics of President Franklin Delano Roosevelt and to fears about the United Nations in the post-World War II moment. During the Cold War, the John Birch Society and fringe elements of the Republican Party nurtured just such anti-globalist sentiments, but they never made much headway in the mainstream world. As the Cold War ended, however, the anti-globalist virus began to spread again, this time more rapidly, and it’s threatening to become a pandemic.

The Agenda 21 Dystopia

On September 11, 1990, just after Saddam Hussein ordered the invasion of Kuwait and just before the reunification of Germany, George H.W. Bush spoke of a “new world order” that would unite all countries in defense of the rule of law and thwart the Iraqi autocrat’s regional ambitions. The phrase was meant as a rallying cry, not an actual plan, but that didn’t stop the president’s America First critics from reading all manner of mayhem into his speech.

…click on the above link to read the rest of the article…

There’s a New Crash Coming

September 25, 2018

There’s a New Crash Coming

Donald Trump is the epitome of irrational exuberance.

You might remember that phrase from the 1990s. Alan Greenspan, the head of the Federal Reserve at the time, was describing how the tech boom was creating a bubble by generating enthusiasm way out of proportion to the actual value of the new companies.

Such an unwarranted economic boom was hardly something new, so it was easy to predict what would happen next. Periods of irrational exuberance — whether the dot-com expansion, Dutch tulipmania in the 17th century, or the housing bubble in America of the 2000s — have always led to a sudden crash and a serious hangover.

And now, here we go again.

Trump, always exuberant when talking about himself and his putative accomplishments, loves to boast about how well the American economy is chugging along. The stock market reached its all-time high at the end of August. In its second quarter this year, U.S. economic growth was 4.1 percent. Unemployment remains below 4 percent, and inflation remains moderate. Even wages are going up.

Irrationality enters the picture because there’s little if any connection between the president’s policies and the outcomes he lauds (since these trends began before he took office). Also, the prosperity that has resulted from this economic expansion has largely been enjoyed by the wealthier sectors of society. Finally, Trump’s economic fever dream is fueled by an enormous and growing amount of debt.

When it comes to irrational exuberance, it’s never if there will be a bust but when. On the tenth anniversary of the financial collapse of 2008, it’s worth looking at the potential pinpricks that will pop Trump’s hot-air balloon and send America crashing back to earth.

Mountains of Debt

…click on the above link to read the rest of the article…

The Geopolitics of Cheap Oil

January 7, 2016

The Geopolitics of Cheap Oil

oilfields

The market was supposed to save the planet.

That, at least, was the argument of many economists grappling with the problem of climate change. As fossil fuels became scarcer, they pointed out, the price of oil and natural gas would go up. And then other options, like solar and wind, would become cheaper, particularly as investment flowed into that sector and drove down the cost of new technologies.

And voila: The invisible hand would gradually turn down the global thermostat.

It’s a ridiculous argument. For one, there’s no guarantee that the market would respond in a timely manner (i.e., before we’re under water). For another, oil and gas prices are as volatile and unpredictable as a Q-and-A session with Donald Trump.

In 2008, for instance, oil hit a high of $145 a barrel. But that didn’t last long. And in 2015, despite all sorts of turmoil in the Middle East and in other oil-producing countries like Nigeria, the price of crude fell between 30 and 40 percent to its lowest levels in 11 years. That’s a bigger drop than the commodity price declines for metals, grains, and soybeans. Gas stations around the United States didn’t fully reflect this drop, but petrol prices still fell to an average of $2.40 a gallon, saving each driver more than $500 last year.

There are a number of reasons for the price drop, but it boils down to supply (more of it) and demand (less of it). The United States boosted oil production by 66 percent over the last five years, making it the largest oil and natural gas producer in the world in 2015. Other producers, like Saudi Arabia, also didn’t scale back, in part to stick it to a sanctions-hobbled Iran and snatch up its clients. Meanwhile, greater fuel efficiency and slower economic growth around the world (particularly in China) have reduced demand.

…click on the above link to read the rest of the article…

Tomgram: John Feffer, On the Verge of the Great Unraveling

November 11, 2015

Tomgram: John Feffer, On the Verge of the Great Unraveling

The figures are staggering. In what looks like a vast population transfer from a disintegrating Greater Middle East, nearly 200,000 refugees passed through Austria in September alone. About half a million desperate refugees from Syria, Iraq, Afghanistan, and elsewhere have arrived in Greece since 2015 began (those, that is, who don’t die at sea), and the numbers are only expected to rise. Seven hundred children a day have been claiming asylum somewhere in Europe (190,000 between January and September 2015). And at least three millionrefugees and migrants from the planet’s war and desperation zones are expected to head for Europe in 2016.

Under the circumstances, I’m sure it won’t surprise you that, once the first upbeat stories about welcoming European crowds had died down, the truncheons and water cannons came out in some parts of the continent and the walls began to go up. Nor, I’m sure, will you be shocked to learn that an anti-immigrant, anti-Muslim fervor is now gripping parts of Europe, while far-right parties are, not coincidentally, on the rise.  This is true in France, where Marine Le Pen’s virulently anti-Muslim, anti-immigrant, anti-European-Union National Front is expected to make significant gains in local elections this winter (and Le Pen herself is leading early opinion polls in the race for the presidency), while in “tolerant” Sweden a far-right party with neo-Nazi ties is garnering more than 25% of the prospective vote in opinion polls. In Poland, an extreme party wielding anti-refugee rhetoric just swept into power. And so it goes across much of Europe these days.

All of this (and more) represents a stunning development that could, sooner or later, reverse the increasingly integrated nature of Europe, raise walls and barriers across the continent, and irreversibly fracture the European Union, while increasing nationalistic fervor and god knows what else. In the United States, in a somewhat more muted way, you can see similar developments in what’s being talked about here as an “outsider” election, but is, in fact, significantly focused on keeping outsiders separated from insiders.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress