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Rescooped by Eli Levine from The Great Transition
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Energy and the Financial System: What Everyone Needs to Know… and Work Darn Hard to Avoid

Energy and the Financial System: What Everyone Needs to Know… and Work Darn Hard to Avoid | It Comes Undone-Think About It | Scoop.it

"Our economic and financial system is based on assumptions of continued growth. Currently growth is highly dependent on energy and a surplus thereof as provided by high EROI energy sources. Our available energy sources, however, are providing less and less energy returns on the amount of energy we put into them. Therefore the amount of surplus energy available is declining. Thus, given the dependence of growth on energy, growth will decline too. The little remaining health of our financial systems, however, relies heavily on assumptions of continued growth and rather high ones at that, but those assumptions will increasingly turn out to be false if Boyd’s prediction of declining EROI is true".


Via Willy De Backer
Eli Levine's insight:

Indeed, our ability to "grow" economically and socially is bound by the environment, our population size, cosmological conditions, food production and our state of technology.  Should we honestly "grow" for the sake of "growing", if it comes at long term as well as short term harm?

 

Things that Capitalism under its current logic, does not answer and does not wish to answer.

 

Think about it.

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Willy De Backer's curator insight, April 12, 2014 10:13 AM

Great article on the link between society's diminishing energy return on energy investment and the current economic and financial crisis. A must-read for all austerians and post-Keynesians. This time it IS really different.

Rescooped by Eli Levine from Business & Sustainability
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Corporate sustainability: Unilever CEO Polman on ending the “three month rat-race”

Corporate sustainability: Unilever CEO Polman on ending the “three month rat-race” | It Comes Undone-Think About It | Scoop.it
Unilever's CEO talks to Reuters about moving away from a focus on short-term corporate results.

 

Unilever is one of the few multinationals seriously committed to the transition towards a sustainable one-planet economy.


Via Willy De Backer
Eli Levine's insight:

It's funny how by focusing on what you should be focusing on, that you tend to be able to succeed. 

 

We still need to focus on reducing the attention towards profits and financial gain and shifting it to well being, health, survival and well being (at least, from a governing perspective).  However, this is a positive development in the business community and it should be fostered by investors and financiers.

 

The human world is going to have to take a much more mature and holistic view of itself, if it is going to be able to survive, let alone, be able to truly thrive.  That's just the way it's going to be.  And, I can't believe that there are so many conservatives and ideologues out there who will kill themselves off for the sake of not changing or the sake of their unworkable ideas and principles.

 

Think about it.

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