From The Independent: Capitalism as we know it is over. So suggests a new report commissioned by a group of scientists appointed by the UN secretary general. The main reason? We’re transitioning rapidly to a radically different global economy, due to our increasingly unsustainable exploitation of the planet’s environmental resources and the shift to less efficient energy sources.
What started as an online protest movement against the hike in fuel taxes, France’s ‘Yellow Vest’ movement has led to the worst riots witnessed by the country in half a century. With six dead, 12,000 arrested, and the unrest spreading to the rest of Europe, it may be the world’s first ‘climate riot’ of consequence.
It was supposed to be the site of western France’s biggest airport, but instead, it became the center of a utopian experiment. Hundreds of squatters –eco-warriors to some, green jihadis to others– now live in the ZAD, which resisted a eviction operation after a 2,500 strong police unit recently forced their way into the camp.
Catrine Jarman writes: Recently, the Easter Islands have become the ultimate parable for humankind’s selfishness; a moral tale of the dangers of environmental destruction. But 60 years of archaeological research and recent genetic data shows that this dark tale of ecocide and Malthusian collapse has more to do with Western ignorance and prejudice than facts.
Ethnic differences have been widely considered the cause of the Rohingya genocide. However, these reports show that the killings and forced displacement of several of Myanmar’s minority communities may also be fuelled by global corporations’ growing interest in the Rakhine’s mineral wealth, and the competing geopolitical interests of the United States, China, India and Bangladesh.
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.
With the U.S. and Russia headed for a direct confrontation in Syria, the war in that country is moving a new, more dangerous phase. The Syrian war often seems like a big confusing mess but one factor that’s not often mentioned could be the key to unlocking the conflict: the struggle to control energy markets.
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
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.
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.
Charles Eisenstein in a new blog-post: The Brexit vote marks a rare moment of discontinuity, when the usual normalizing narratives falter and a society experiences a fertile and frightening moment of bewilderment. Brexit, though, is a mere foreshadowing of the vertigo that will ensue with the next economic crisis, which will dwarf that of 2008.
Helena Norberg-Hodge writes: Today, banks and corporations run Europe. For big corporations and financial institutions, diversity is an impediment, whereas monoculture – in all aspects of life, from seeds, fast food and clothing, to architecture – is ‘efficient’. For them, a single Europe-wide market of 500 million people was an essential step to further growth:
Europe recently took an extraordinary vote, refusing to grant Monsanto a license for its main product and cornerstone of its empire – the cancer-linked weed killer glyphosate. A key role was played by a massive campaign initiated by activist organization Avaaz, with 2 million signing their petition to the EU. Here’s how they did it.
EcoWatch reports: Norway has become the first country to ban deforestation. The Norwegian Parliament pledged May 26 that the government’s public procurement policy will be deforestation-free. Any product that contributes to deforestation won’t be used in the Scandinavian country. Norway’s action plan also includes a requires the government to exercise due care in biodiversity protection.
Keith Dicker writes: Why is the world in an economic funk? The answer is quite simple: Private Capital does not like the actions by central banks and governments, and is withdrawing their money from the global economy. And it is heading towards the center of the earth. Yes, it really is as simple as that.
Common Dreams reports: A new analysis, published in Science Advances journal, reveals that global water scarcity is a far greater problem than previously thought, affecting 4 billion people—two-thirds of the world’s population. Previous analyses looked at water scarcity at an annual scale, and had found that water scarcity affected between 1.7 and 3.1 billion people.
Oil prices drive not just economics, but geopolitics. Alliances rise and fall over petroleum. For these reasons and more, the collapsing value of oil will have profound consequences, with the potential to destabilize regimes, remake regions and alter the global economy in lasting and unforeseen ways. Fifteen experts tell Politico what that means for the world.
‘Capitalism is Mother Earth’s Cancer’: World People’s Summit Issues 12 Demands Common Dreams Decrying capitalism as a “threat to life,” an estimated 7,000 environmentalists, farmers, and Indigenous activists from 40 countries convened in the Bolivian town of Tiquipaya for this weekend’s World People’s Conference on Climate Change, aiming to elevate the demands of social movements
The Colonial Origins of Conservation: The Disturbing History Behind US National Parks Stephen Corry, Truthout Conservation’s achievements don’t alter the fact that it’s rooted in two serious and related mistakes. The first is that it conserves “wildernesses,” which are imagined to be shaped only by nature. The second is that it believes in a hierarchy,
Stakes are high as US plays the oil card against Iran and Russia Larry Elliott, The Guardian UK With the help of its Saudi ally, Washington is trying to drive down the oil price by flooding an already weak market with crude. As the Russians and the Iranians are heavily dependent on oil exports, the