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The Secret of Eternal Growth? It’s Wishful Thinking

The Secret of Eternal Growth? It’s Wishful Thinking I want to believe in eternal economic growth. Given what humanity is facing with climate change and other consequences of our collective consumption, it must be awfully comforting to have faith in a cornucopian future where no one ever goes wanting. Especially if all we have to […]

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Financial Storm Clouds Gather Over Italy

Financial Storm Clouds Gather Over Italy Wishful thinking may not be enough. The financial markets have been exceedingly calm in Italy of late. At the end of October the government was able to sell €2.5 billion of 10-year debt at auction at a yield of 1.86%, the lowest since last December — an incredible feat […]

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100% renewables: ‘wishful thinking’ or an imperative goal?

100% renewables: ‘wishful thinking’ or an imperative goal? In this essay, I was provoked to respond to Stan Cox’s widely-shared article “100 Percent Wishful Thinking: The Green-Energy Cornucopia”, in which he argues that a transition to 100% renewable energy is neither technically feasible, nor desirable. It is my contention, in contrast, that a 100 percent […]

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2016: The Year Wishful Thinking Fails

2016: The Year Wishful Thinking Fails  If we collectively choose wishful thinking, catastrophic consequences are guaranteed. Wishful thinking has been an integral driver of the “recovery” 2009-2015:asset bubbles aren’t bubbles, central bank policies are brilliantly successful, unemployment has dropped to levels of full employment, and so on. The problems with wishful thinking that I describe in […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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