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Policy news & blueprints for the transition to a new Sustainable and Social Economy
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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.

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

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Conflict and Change in the Era of Economic Decline: Part 1 - The 21st century landscape of conflict

Conflict and Change in the Era of Economic Decline: Part 1 - The 21st century landscape of conflict | The Great Transition | Scoop.it

Brilliant start of a five-articles essay by Richard Heinberg on the social implications of the Great Decline. Absolute must-read.

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US National defense resources preparedness - White House woken up to peak everything?

US National defense resources preparedness - White House woken up to peak everything? | The Great Transition | Scoop.it

Last Friday, with little publicity, President Obama signed a national preparedness executive order that gives USG cabinet agencies the ability to exercise total control over what are essentially all the resources of the USA. Most attributed this order to preparations with possible conflict with Iran, or creeping dictatorship -- the order specifies wartime "or other emergency

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The Faustian bargain that modern economists never mention

"Our economic system must exist within Earth’s finite limits, so recent and current generations have sold their soul to the devil for temporary riches, leaving the Devil to collect his due when the system falls apart under its own weight and the four horsemen of the apocalypse ride again across the world’s landscapes. None of this will happen tomorrow or this week or this year, but our economic system is faltering at both ends.

 

For many, if not most, of the world’s population life may become more difficult, incomes lower, and uncertainty greater. It does not mean the end of the world, as some predict for 2012, but it will mean that future generations probably will not live like current ones. Rather than admit that the current system cannot be sustained, the affluent and powerful will do everything possible to maintain the status quo."

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Commodities Look Set to Rocket Higher

Commodities Look Set to Rocket Higher | The Great Transition | Scoop.it

"The supply-and-demand argument rests on the time-tested notion that with increased demand, new supplies are brought to market. ... The point ... is that the usual supply and demand argument falls apart in the presence of limits."

Investor and financial expert Chris Martenson explains why commodity prices will keep rocketing higher even in a period of economic crisis

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"Resources Futures" | key to future of the economy

"Resources Futures" | key to future of the economy | The Great Transition | Scoop.it

Excellent new report from think tank Chatham House on the political economy of global resources use.

 

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'Cornucopians in Space' Deliver a Dangerously Misguided Message

'Cornucopians in Space' Deliver a Dangerously Misguided Message | The Great Transition | Scoop.it

Is mankind on the treshold of a new "age of abundance" or are we entering an era of resource scarcity and limits to growth?

 

On the Chris Martenson blog, Gregor MacDonald reflects on the abundance versus scarcity debate. Very interesting read.

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Geopolitical Implications of “Peak Everything”

Geopolitical Implications of “Peak Everything” | The Great Transition | Scoop.it
From competition among hunter-gatherers for wild game to imperialist wars over precious minerals, resource wars have been fought throughout history; today, however, the competition appears set to enter a new—and perhaps unprecedented—phase.
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What Peak Oil Looks Like or "the Twilight of Illusion"

"our civilization has entered what John Kenneth Galbraith called “the twilight of illusion,” the point at which the end of a historical process would be clearly visible if everybody wasn’t so busy finding reasons to look somewhere else."

 

This brilliant essay by John Michael Greer - although gloomy - is refreshing compared to all the "sound and fury" we keep hearing these days from our so-called political and economic leaders.

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