"In many respects a resilient society defies the imperative of economic efficiency. Resilience needs dispersed inventories and redundancy, while economic efficiency—in its ruthless pursuit of competitive advantage—eliminates inventories and redundancies everywhere it can. Economic efficiency leads toward globalization, resilience toward localization. Economic efficiency pursues short-term profit as its highest objective, while resilience targets long-term sustainability. It would appear that industrial society circa 2012 has gone about as far in the direction of economic efficiency as it is possible to go, and that a correction is necessary and inevitable. Climate change simply underscores the need for that course correction."
New Richard Heinberg article on the need to change the compass of our economy towards resilience instead of efficiency.
Via Willy De Backer