The worldview that informs contemporary global culture was conceived during the European ‘Enlightenment’ of the 17th century. Its shortcomings have become increasingly evident today, and they are beginning to be seen as the root cause of the many seemingly intractable global problems that confront us today. This essay presents an overview of an alternative worldview.
Ariana López Peña writes: Costa Rica was the most environmentally advanced and happiest place on earth last year, followed by Mexico, Colombia and Vanuatu, according to the Happy Planet Index, which measures life expectancy, well-being, environmental footprint and inequality to calculate nations’ success– all areas where Costa Rica’s government has made significant effort and investment.
Modernity’s dominant narrative of material progress– which represents an industrial model of development–gives priority to economic growth and a rising standard of living. It is being increasingly challenged by the alternative narrative of sustainability, which seeks to balance social, environmental and economic priorities and goals to achieve a high, equitable and lasting quality of life.
Kirankumar Vissa writes; Everyone in the media has been talking about the slew of pro-farmer measures included in Budget 2017, how it is a Budget for the ‘have nots’ and one that will give a big fillip to agriculture. It is time to call this Budget what it is–a big prank on India’s farming community.
A wave of revulsion rolls around the world. Approval ratings for incumbent leaders are everywhere collapsing. Symbols and slogans trump facts and nuance. One in six Americans now believes that military rule would be a good idea. From all this I draw the following, peculiar conclusion: no country with a McDonald’s can remain a democracy.
Enlightenment thinking is coming to an end… But our civilization still operates as if reality is about organising inert, dead matter in efficient ways. It is impossible to achieve sustainability with our prevailing ‘operating system’ for economics, politics, and culture if the underlying ‘bios’—our unconscious assumption about reality—remains tied to an ideology of dead matter.
Western liberal democracies dominate the top rankings of progress indices. But are they the best models of development when their standard of living is unsustainable and their quality of life is, arguably, declining? Only when environmental impacts are given significant weight, as in the Happy Planet and Sustainable Society indexes, does this ranking change substantially.
The final stages of capitalism, Marx predicted, would be marked by global capital being unable to expand and generate profits at former levels. Capitalists would begin to consume the government along with the physical and social structures that sustained them. These assaults would destroy the host. This final stage of capitalism is what Trump represents.
Gail Tverberg writes: Underlying problems are sufficiently severe that we seem to be headed for a crisis far worse than 2008. Our fundamental problem is that neither high nor low energy prices are now able to keep the world economy operating as we’d like it to. Increased debt can’t seem to fix the problem either.
What lies ahead for the economy this year? Will there be a global economic collapse as predicted by many or will the early positive signs in stock markets around the world continue? While focused on the U.S., this compilation by Daisy Luther of forecasts by 12 leading experts has implications for the entire global economy.
Steve Keen, Professor of Economics at Kingston University London, is a long time critic of conventional economic thought, and is also developing an alternative dynamic approach to economic modelling. In this interview with Steven Sackur on BBC HardTalk, he tackles the prospect for a debt-deflation on the back of the enormous private debts accumulated globally.
To try to solve the energy problem, we use approaches that involve increasing complexity, including new technology and globalization. As we add more and more complexity, these approaches tend to work less and less well. In fact, become problems themselves, tending to redistribute wealth toward the top, increasing “overhead” for the economy as a whole.
Catch News reports: Chhattisgarh’s Janjgir-Champa region, once famous for paddy cultivation, is now emerging as the state’s power hub with several power plants coming up in the area during the recent years. While fuelling the state’s economic growth, dust and ash emitted from these power plants are turning thousands of local people blind from cataract.
Colin Todhunter writes: Data from the Multi-dimensional Poverty Index indicates that 20 years ago, India had the second-best social indicators among the six South Asian countries, but now it has the second worst position. Bangladesh has less than half of India’s per-capita GDP but has infant and child mortality rates lower than that of India.
Live Mint reports: The richest 1% of Indians now own 58.4% of the country’s wealth, according to the latest data on global wealth from Switzerland based Credit Suisse Group AG. In the last two years, the share of the top 1% has increased at a cracking pace, from 49% in 2014 to 58.4% in 2016.
When we get our story wrong, we get our future wrong. Much like the Trans-Pacific Partnership “trade deal”, everything we’re told about capitalism and our economy is a pack of lies. Time for a new story, says preeminent scholar and critic of corporate globalization, David Korten, the best-selling author of ‘When Corporations Rule the World’.
Development is more than an ideology; it is an ideology in service to an economic necessity which, in turn, is not a real necessity but contingent on a growth dependent debt-based financial system. Until that system changes, the pressure to develop— to convert natural resources into commodities and social relationships into services— will not abate.
Rajni Bakshi writes: Votaries of degrowth are the first to acknowledge that they are deploying a ‘bomb-word’. Yet it highlights an inconvenient truth–that infinite economic growth is not possible on a finite planet. Even ‘green’ growth, supported by technological wizardry cannot, by itself, address the deepening global crisis of under-employment, social dislocation, and environmental degradation.
Greenpeace reports: India remains committed to one of the most aggressive programmes to build new coal plants (some 600 of them) that the planet has ever seen. Yet, 94% of the coal power capacity currently under construction will be lying idle. What’s more, solar power’s now cheaper than coal power, by the government’s own admission.
Giorgos Kallis writes: Degrowth is a frontal attack on the ideology of economic growth. No Left party might dare to openly question growth, but I find it hard to see how in the long-term they can avoid it. Growth is not only ecologically unsustainable but, as economists like Piketty admit, increasingly unlikely, especially for advanced economies.