New scientific research is quietly rewriting the fundamentals of economics, showing decisively that the age of endlessly growing industrial capitalism, premised on abundant fossil fuel supplies, is over. The long-decline of capitalism-as-we-know-it, the new science conclusively shows, began some decades ago, and is on track to accelerate well before the end of the 21st century.
From The Conversation: If the global economy grows by 3% till 2100, it will be 60 times larger than now. The existing economy is already environmentally unsustainable, so we simply cannot“decouple” growth from environmental impact. This paper looks at policies that could facilitate a planned transition beyond growth–while considering the huge obstacles along the way.
We should expect financial collapse quite soon – perhaps as soon as the next few months. Our problem is energy related, but not in the way most experts have claimed. It’s much more related to the election of President Trump and to the Brexit vote. Most people don’t understand how interconnected the world economy is.
It is not often that an article about climate change becomes the most hotly debated item on the internet. But David Wallace-Wells’ lengthy essay published in New York Magazine did exactly that. The full text of the essay –admittedly a worst-case scenario- which has kicked up a firestorm of debate online, along with selected responses.
From Forbes Magazine: With all of the knowledge of future mapping, do the world’s financial leaders know something we don’t? Consider how many of the richest families have been grabbing up massive amounts of farmland around the world. All property far away from coastal areas and in locations conducive to self-survival, farming and coal mining.
If I were into species research, I would declare the discovery of Atulya Bingham as that rare new species that the world desperately needs. If I were a birder she’d be that exotic bird whose sight delights one every time. She is rare because she writes about nature in a way no one else does.
From Journeyman Pictures: The financial storm of 2008 began brewing in when the US congress pushed the idea of home ownership for all. When it all went wrong, they opted for gargantuan bailouts for the big banks. This documentary offers fresh insight into the greatest economic crisis of our age: the one still awaiting us.
This review by Alice Friedmann of Nafeez Ahmed’s new book has 3 parts: 1) Why states collapse for reasons other than economic and political 2) How Bio-Physical factors contribute to systemic collapse in Syria, Yemen, Iraq, Saudi Arabia, Egypt, Nigeria 3) Predictions of when collapse will begin in Middle-East, India, China, Europe, Russia, North America
From Countercurrents.org: Human cultural evolution can be regarded as an enormous success in many respects. However, thoughtful observers agree that civilization is entering a period of crisis. As all curves move exponentially upward: population, production, consumption, etc, one can observe signs of increasing environmental stress, while the existence of nuclear weapons threaten civilization with destruction.
The New Yorker reports: Survivalism, the practice of preparing for the collapse of civilization, tends to evoke a certain picture: eg. the religious doomsayer. But in recent years survivalism has expanded to more affluent quarters, taking root in Silicon Valley and New York City, among technology executives, hedge-fund managers, and others in their economic cohort.
Nafeez Ahmed writes: A new research study by HSBC on global oil supply shows that the bulk of the world’s oil production has peaked and is now in decline. Welcome to a new age of permanent economic recession driven by our ongoing dependence on dirty, expensive, difficult oil — unless we choose a fundamentally different path.
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.
Monetary historian Mike Maloney says in this podcast: Within the next few years you’re going to see probably the greatest crash in history. I have often said that the crisis of 2008 was just a speed bump on the way to the main event. We are in the process right now of seeing this unwind.
There’s No Tomorrow is a half-hour animated documentary about resource depletion, energy and the impossibility of infinite growth on a finite planet, a theme that rarely finds its way to the mainstream media. Inspired by the pro-capitalist cartoons of the 1940s, the film is an introduction to the critical energy dilemmas facing the world today.
It’s indeed possible to wrap your head around the new emerging reality. It doesn’t take a financial maverick to foresee collapse and it’s by no means my discovery. I just saw the patterns emerging before most people simply because I was paying attention to facts and trends – all in public domain, some for decades.
Doomstead Diner Doomstead Diner Discussions on The Shit Hits The Fan (TSHTF) – Three Recordings on Aug. 23, 2015. At the Doomstead Diner, we investigate, discuss and debate the ramifications of the Economic Collapse of Industrial Civilization. Often referred to in shorthand as TEOTWAWKI. The End of the World as We Know It. Energy Discussion
(Editor’s note: Rumours of another global economic meltdown has been doing the rounds of online forums for at least couple of years now, but of late there seems to be a spike in the commentary warning about such a possibility. Commentators offer different reasons for why this might happen, but what’s pertinent is that most