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IMF study: Peak oil could do serious damage to the global economy

IMF study: Peak oil could do serious damage to the global economy | The P2P Daily | Scoop.it

One week after IMF economist Michael Kumhof attracted attention with his remarkable ideas on debt and money creation in the working paper "The Chicago Plan Revisited", here he is again with another remarkable study, on peak oil this time. One scenario in his modelling predicts an 800 percent increase in oil prices in two decades. Anyone for more doom-and-gloom?

 

Is the IMF becoming revolutionary? And will the media and policymakers read and understand the implications of these excellent papers? I guess now the Queen will not have to ask questions why nobody warned of this clear and present danger.


Via Willy De Backer
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Radical Simplicity and the Middle-Class - Exploring the Lifestyle Implications of a ‘Great Disruption’

Radical Simplicity and the Middle-Class - Exploring the Lifestyle Implications of a ‘Great Disruption’ | The P2P Daily | Scoop.it

"How would the ordinary middle-class consumer – I should say middle-class citizen – deal with a lifestyle of radical simplicity? By radical simplicity I essentially mean a very low but biophysically sufficient material standard of living, a form of life that will be described in more detail below. In this essay I want to suggest that radical simplicity would not be as bad as it might first seem, provided we were ready for it and wisely negotiated its arrival, both as individuals and as communities. Indeed, I am tempted to suggest that radical simplicity is exactly what consumer cultures need to shake themselves awake from their comfortable slumber; that radical simplicity would be in our own, immediate, self-interests."

 

Gloomy analysis of our consumer society after post-growth collapse. Forbidden reading for anyone who believes "our way of life is non-negotiable". Truth is, nature will not negotiate and things are likely to be a bit less "nice" than described in this article.


Via Willy De Backer
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