The Great Transition
Follow
Find tag "limits"
25.0K views | +0 today
The Great Transition
Policy news & blueprints for the transition to a new Sustainable and Social Economy
Your new post is loading...
Your new post is loading...
Scooped by Willy De Backer
Scoop.it!

Weekend read: The trouble with growth

Weekend read: The trouble with growth | The Great Transition | Scoop.it
Clearly, belief in the indispensability of economic growth, while deeply rooted in governments virtually worldwide, is quite recent. The common view that growth has always been an important objective of government is mistaken.

That growth is inextricably bound up with human nature is an even greater mistake, if it makes us think that there really is no alternative to economic growth. Understanding that growth is not a necessary goal of government policy is critical if we are to imagine alternative economic futures.
Willy De Backer's insight:

Great, must-read article by Tim Jackson and Peter Victor - from the new State of the World Report 2015

more...
Larry Glover's curator insight, April 12, 7:47 PM
What we measure reveals both our worldview and our values. It is time to wildly revision what it is to be human... and in doing so to also revision what it is that makes life richly fulfilling. What is it we really want to grow in our lives?
Scooped by Willy De Backer
Scoop.it!

Economic and Ecological Crisis 
in Greece

In conclusion, the left worldwide, and in particular in Greece, has to make ecology central to its discourse and struggles. Climate change is a global problem but requires local solutions. Syriza must continue to add to the momentum of the activist movements in Greece, gain from them, and help them grow into a resistance movement and a political force. As more people participate and connect the pieces of the puzzle, i.e., local ecological catastrophes, to the larger picture, i.e. climate change and capitalism, the political awareness of these ecological movements will be awakened and will be successfully expressed through the left.
Willy De Backer's insight:

This article by Natassa Romanou of the NASA-Goddard Institute for Space Studies emphasis the real challenge for Syriza: can it link the austerity crisis with the ecological planetary limits crisis?

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

Podemos party's plan to 'stimulate consumption' needs more ambition

Podemos party's plan to 'stimulate consumption' needs more ambition | The Great Transition | Scoop.it
The economic policy of Spain’s rising leftwing party signals a new model of prosperity, but it could go further
Willy De Backer's insight:

Interesting look by degrowth expert Giorgios Kallis of the new economic model put forward by the Spanish Podemos party. But Kallis' analysis should go further too. The key challenge for any new economic model will be a democratic one: how to set, monitor and enforce ecological limits to growth.

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

Growth: the destructive god that can never be appeased

Growth: the destructive god that can never be appeased | The Great Transition | Scoop.it
To try to stabilise this system, governments behave like soldiers billeted in an ancient manor, burning the furniture, the paintings and the stairs to keep themselves warm for a night. They are breaking up the postwar settlement, our public health services and social safety nets, above all the living world, to produce ephemeral spurts of growth. Magnificent habitats, the benign and fragile climate in which we have prospered, species that have lived on earth for millions of years – all are being stacked on to the fire, their protection characterised as an impediment to growth.
Willy De Backer's insight:

Brilliant must-read article By George Monbiot on the delusion of economic growth

more...
Emmanuel Baeten's curator insight, December 28, 2014 7:22 AM

Powerful article by George Monbiot.

Scooped by Willy De Backer
Scoop.it!

Eurozone stagnation is a greater threat than debt

Eurozone stagnation is a greater threat than debt | The Great Transition | Scoop.it
It would be wrong to think last week’s global market gyrations signal a return of the eurozone debt crisis. Sovereign bond spreads in the eurozone did not move by much, except in Greece. What happened last week is something rather different.
Willy De Backer's insight:

Interesting that the 'secular stagnation' narrative is convincing more economists and pundits. How long before they will recognise that we have entered the post-growth era?

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

How on Earth? | Post Growth Institute

How on Earth? | Post Growth Institute | The Great Transition | Scoop.it
Flourishing in a Not-for-Profit World by 2050 “Combining passion and hard evidence, How on Earth is a fascinating, highly original book. It points to how not-for-profit organizations can play a major role in building a more caring and sustainable economy. […]
Willy De Backer's insight:

Must-read book for anyone interested in the real, planetary limits-based future of business and economics.

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

Sustainability’s strategic worth: McKinsey Global Survey results

Sustainability’s strategic worth: McKinsey Global Survey results | The Great Transition | Scoop.it
Executives at all levels see an important business role for sustainability. But when it comes to mastering the reputation, execution, and accountability of their sustainability programs, many companies have far to go. A McKinsey & Company article.
Willy De Backer's insight:

Interesting new McKinsey study misses the most important dimension: the acceptance of planetary and social limits to growth and how to adapt business to this sustainability imperative.

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

Boom or bust time for critical thinking?

Following the massive bailouts, stimulus spending and quantitative easing of recent years, everyone breathed a sigh of relief and went back to sleep, says Richard Heinberg. But the coming global energy crisis will likely provide the jolt that wakes everyone up again.

Willy De Backer's insight:

Very good interview with Richard Heinberg in Eurozine - the problem with economics and limits to growth

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

What if economic growth is no longer possible in the 21st century?

What if economic growth is no longer possible in the 21st century? | The Great Transition | Scoop.it
The postwar economic model is no longer sustainable or effective. That means we must turn to redistribution if we want to save the middle class.
Willy De Backer's insight:

Great article - the answer is simple; the politics impossible. A post-growth society will need a new prosperity paradigm, new institutions and new leaders. Think this will happen without collapse and hard shocks? think again.

more...
Eli Levine's curator insight, March 22, 2014 8:02 PM

The elephant in the room.

 

What is the point of economic growth if it does not enrich all of our lives?  What good is it if we impoverish ourselves and our environment in order to get it?

 

We're not all going to be millionaires, nor does one/their family need to be millionaires in order to be happy, well off and able to take care of themselves.  What is the point of prioritizing pieces of cloth rag over our physical, psychological, social and environmental health?  Why not let growth happen organically, based upon the natural ebbings and flowing of goods and services, technological development and resource conservation?

 

What good is money if you poison yourself for it?

 

Think about it.

 

 

Scooped by Willy De Backer
Scoop.it!

Kenneth Rogoff identifies several obstacles to keeping living standards on an upward trajectory

Kenneth Rogoff identifies several obstacles to keeping living standards on an upward trajectory | The Great Transition | Scoop.it
The promise that each generation will be better off than the last is a fundamental tenet of modern society. But will future generations, particularly in advanced economies, realize such expectations?
Willy De Backer's insight:

Slowly some traditional economists are starting to wake up to the question of the future and nature of growth (see also Pisany-Ferry on this Project Syndicate). Problem is that they are illiterate as regards the impact of energy on the economy. They still fail to grasp the truth of planetary limits to growth.

more...
Gaubert Stephane's curator insight, March 7, 2014 3:19 AM

not sure we'll live better than our parents, though we'll surely live longer ...

Eli Levine's curator insight, March 11, 2014 1:16 PM

Again, it's a question of producing value as opposed to wealth; health and quality of life over financial gain for a few "owners" of production.

 

What good is a financially bigger cut, if it comes at environmental and social costs that may prove to be deadly to the individuals and organizations who choose to ignore the ecological and social consequences of their action?  What good is a profit if you, and everyone else, is dead?  Who would acknowledge your wealth?  How would you buy things?

 

Think about it.

Scooped by Willy De Backer
Scoop.it!

The Fracking of “The Limits to Growth”

The Fracking of “The Limits to Growth” | The Great Transition | Scoop.it
Does a new extractive technology arrive before or after limits to growth in resource throughput are in place?
Willy De Backer's insight:

Interesting article by Herman Daly on the death of a American proponent of 'limits to growth' who went over to the fracking side - Darth Vader?

 

"If we were to first enact limits to growth in resource throughput, then even a violent extractive technology such as fracking would be constrained in its ability to wreck the planet on a large scale. The lower carbon content of natural gas might reduce global warming enough to make up for additional extraction damage to the environment. However, if we insist that unlimited growth must remain our first goal, then fracking will just increase total greenhouse gas emissions, not to mention groundwater depletion and pollution. With growth in first place, even soft technologies, those that increase efficiency of resource usage, are likely (thanks to the Jevons Paradox) to promote growth in resource throughput to a scale that is on balance harmful."

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

World Population May Reach 11 Billion By 2100

World Population May Reach 11 Billion By 2100 | The Great Transition | Scoop.it

"The model predicts that the population will likely reach between 9 billion and 13 billion by 2100."

Willy De Backer's insight:

And still, this issue remains the biggest taboo for policymakers and media.

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

Toward a generative economy

Toward a generative economy | The Great Transition | Scoop.it

"If you stand inside a large corporation and ask how to make a sustainable economy, the conversation has to fit itself into the frame of profit maximization. (“Here’s how you can make more money through sustainability practices.”) Asking corporations to change their fundamental frame is like asking a bear to change its DNA and become a swan."

Willy De Backer's insight:

very interesting article by Marjorie Kelly in Open Democracy.

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

The hidden reasons behind slow economic growth: Declining EROI, constrained net energy

The hidden reasons behind slow economic growth: Declining EROI, constrained net energy | The Great Transition | Scoop.it
the growth in net energy appears to have slowed while EROI of fossil fuels continues to fall. That has led to greater competition for the available net energy and a general rise in fossil fuel prices from 2000 onward. There have been fluctuations, sometimes violent ones, tied to the so-called Great Recession of 2008 and 2009 and to the softening of the world economy in the past year which led to steep declines in oil prices (something which may be telling us there is another recession in the offing).
Willy De Backer's insight:

Excellent article by Kurt Cobb on the real reasons behind the world's low-growth (maybe even degrowth) problem.

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

A new theory of energy and the economy - Part 1 - Generating economic growth

A new theory of energy and the economy - Part 1 - Generating economic growth | The Great Transition | Scoop.it
How does the economy really work? In my view, there are many erroneous theories in published literature. I have been investigating this topic and have come to the conclusion that both energy and de...
Willy De Backer's insight:

Brillliant must-read analysis by Gail Tverberg of the link between economic growth, energy and debt.

more...
Nuno Gaspar de Oliveira's curator insight, January 24, 1:48 PM

"In order for economic growth to occur, the wages of workers need to go farther and farther in buying goods and services. Low-priced energy products are far more effective in producing this situation than high-priced energy products. Substituting high-priced energy products for low-priced energy products can be expected to lead to lower economic growth."

Scooped by Willy De Backer
Scoop.it!

Green economics versus growth economics

I have already noted that a central component of Piketty’s answer to the current crisis is more of the same – that is, more growth, the proceeds of which can then be ‘redistributed’. The harsh truth, however, may well be, at the level of public policy debate and democratic discussion, that growth is in practice an alternative to egalitarian redistribution, an alternative to any serious effort to create a more equal society. The promise of growth is a replacement for the need to share. That is how growthism has ‘superseded’ socialism: ‘left-wing’ politicians join right-wing politicians in the mantra that everyone benefits from a growing pie,
Willy De Backer's insight:

Brilliant must-read critique of Piketty's 'Capital in the 21st century' starting from a 'limits to growth' perspective: 'The true condition for redistribution may well now be recognition that we can’t rely any longer on growth.'

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

Job Growth, but No Raises

Job Growth, but No Raises | The Great Transition | Scoop.it
Since the recovery began in mid-2009, inflation-adjusted figures show that the economy has grown by 12 percent; corporate profits, by 46 percent; and the broad stock market, by 92 percent. Median household income has contracted by 3 percent
Willy De Backer's insight:

Economic growth has become uneconomic and antisocial. Not to mention the ecological impacts.

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

Want to Get into the Doughnut? Tackle Inequality

Want to Get into the Doughnut? Tackle Inequality | The Great Transition | Scoop.it
...we need to get into the doughnut: the safe and just sweet spot between social and planetary boundaries
Willy De Backer's insight:

must-read article by Kate Raworth.

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

Secular stagnation: Facts, causes, and cures

"Six years after the Crisis and the recovery is still anaemic despite years of zero interest rates. Is ‘secular stagnation’ to blame? This column introduces an eBook that gathers the views of leading economists including Summers, Krugman, Gordon, Blanchard, Koo, Eichengreen, Caballero, Glaeser, and a dozen others. It is too early to tell whether secular stagnation is really secular, but if it is, current policy tools will be obsolete. Policymakers should start thinking about potential solutions."

Willy De Backer's insight:

Very interesting piece in Vox.eu about the new economic reality: slow growth. Fascinating to see how these economists keep ducking the real tough question: is it possible that we have entered the post-growth era?

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

Economy on the edge: seeking a world that works for the 100%

The global economy is on the edge with 85 people having as much wealth as 3.5bn of the world's poorest. We need a new story of an economy that doesn't trash the planet
Willy De Backer's insight:

Excellent Guardian article by Hunter Lovings, Robert Costanzo and others on the new ecological economic paradigm which can take the planet away from the edge.

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

Why green growth won’t transform the economy | openDemocracy

Why green growth won’t transform the economy | openDemocracy | The Great Transition | Scoop.it

"Green growth is a myth. Because it ignores the social, political and personal dimensions of sustainability, it can never cut deep enough into the structures of self and society to secure solutions to the crises that we face."

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

What We Know: American scientists' warning on climate chaos

What We Know: American scientists' warning on climate chaos | The Great Transition | Scoop.it
What We Know helps us understand the science behind the realities, risks and response to the climate challenge.
Willy De Backer's insight:

The scientific community is getting more vocal and outspoken(about time), but the more policy makers will understand what they will need to do (questioning the Western way of life), the more they will hide themselves in ideology and denial.

more...
Eli Levine's curator insight, March 18, 2014 4:33 PM

The whole thing is about to break down, unless there is a significant coup against the existing private interests and their hold on policy makers' decisions.

 

One has to wonder how mentally healthy these people are who think that wealth is more valuable than health, regardless of the reasoning or justification for that wealth.

 

Think about it.

Scooped by Willy De Backer
Scoop.it!

Malign Confusion About Growth, Economic Growth or "Degrowth": Which Way Forward?

Malign Confusion About Growth, Economic Growth or "Degrowth": Which Way Forward? | The Great Transition | Scoop.it
climate scientists have suggested that intentional ''de-growth'' is the only hope to stop the rising emissions associated with economic development and growth.
Willy De Backer's insight:

Long but excellent must-read analysis by Michael Hoexter of New Economic Perspectives on the need for degrowth strategies to tackle climate chaos.

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

Biomimicry: Mother Nature as a 3D Printer?

Biomimicry: Mother Nature as a 3D Printer? | The Great Transition | Scoop.it

"Contrast our “plug-in/plastic” approach with that of our fellow Earthlings. Not having figured out how to eat fossils, they are on a pretty tight budget. They can only burn what they eat, and they have to make solutions from their own bodies or things they find around them. This leads to low-cost, highly-efficient structural solutions that use a handful of polymers, respond to the environment in adaptive ways, and can be broken down and reused by other creatures. This kind of problem-solving results in the highly interconnected and incredibly rich web of collaborative interdependence we call Life."

Willy De Backer's insight:

Excellent article on biomimicry in Triple Pundit blog.

more...
No comment yet.
Scooped by Willy De Backer
Scoop.it!

Menschheit droht Rückfall in vorindustrielle Zeiten

Menschheit droht Rückfall in vorindustrielle Zeiten | The Great Transition | Scoop.it
Vor vier Jahrzehnten schreckte der Club of Rome mit dem Report „Die Grenzen des Wachstums“ die industrialisierte Welt auf. Jetzt zeichnen die Forscher ein noch düstereres Bild von der Zukunft.
Willy De Backer's insight:

This new Club of Rome report 'The plundered planet' (only in German) warns that we are on track for a pre-industrial future. Much more realistic than what the official institutions and think tanks dare to say.

more...
No comment yet.