These are the CASSE blog articles on the steady state economy.
In 2021, China had around 30 million homes sitting vacant for extended periods. There’s enough unused housing in China to house around 80 million people, roughly the population of Germany. This isn’t “slack” in the market; there is little hope that these homes will someday find an occupant. These homes are bound to remain empty.
Indeed, most of these homes are simply held as financial assets;
The current bout of inflation should be no surprise to steady staters. We have national and global ecosystems pushed to the limits by population and economic growth. At the same time, we have monetary authorities and heads of state—neoclassically oblivious to limits—eager to stimulate the economy with loose money. It’s a recipe for inflation.
We tweeted all the way back in March 2020 that inflation was coming.
People tend to think of Russia as a wide-open country with plenty of space for economic growth. While it may take days to ride the trans-Siberian railway, any notion of an empty Russia is as antiquated as Dr. Zhivago. European Russia, especially, has been cultivated, harvested, logged, mined, fished, and “developed” to the gills with roads, bridges, railways, power lines, pipelines, grids, towers, cables, dams, and canals connecting every industry under the sun to thousands of towns and cities plus tens of thousands of villages.
In November 2021, the European Commission approved an investment package of €290 million to support 132 new environmental projects through L’Instrument Financier pour l’Environnement, or the “LIFE” programme. LIFE is designed to help reach the environmental goals outlined in the EU Green Deal, and it’s the only EU funding programme entirely dedicated to environmental, climate, and clean energy objectives. With certain adjustments, it could be more aligned with steady-state principles.
The 21st century challenges to wildlife conservation are unprecedented. The ecological integrity of the nation and planet is unravelling before our eyes. Species and ecosystems are disappearing, if not immediately off the face of the planet, then via slow, dead-end emigrations as they respond to climate change.
It’s not as if climate change was needed to imperil fish and wildlife. Climate change is actually the fourth major crisis in the past 150 years.
The European Green Deal, the EU’s flagship environmental program, aims to profoundly transform the EU’s 27 member states into low-carbon economies. The deal was rolled out in December 2019 by Ursula von der Leyen, President of the European Commission. It’s supposed to be a roadmap toward a “fair and prosperous society” with an economy that is modern, resource-efficient, and competitive. So far, so good? Let’s take a deeper dive.
Every year we are inundated with a mountain of content advising us on how to have a low impact or psychologically healthy Christmas, complete with the latest juicy and disturbing figures from our laughably inefficient economy. Caught in a matrix of overbearing social obligations, financial and employment pressures, and the imminent collapse of our life support systems, the proliferation of these articles is a welcome sign.
Wind turbines kill birds.
This is not a fiction devised by the fossil fuel industry. It is an observable fact.
Ask, for instance, the dozens of birders who ventured to Scotland’s Outer Hebrides for a glimpse of a white-throated needletail, the first sighting of the species in Britain in 22 years. Like other swifts, the white-throated needletail is an adroit flier, catching insects on the wing and even mating during flight.
The USA is well acquainted with disastrous crude oil accidents. Eleven years ago an explosion on the Deepwater Horizon oil platform killed 11 workers, injured 17 more, and discharged roughly 4.6 million barrels of oil into the Gulf of Mexico. The incident cost BP more than $65 billion to clean up, destroyed thousands of acres of ocean reefs, and killed thousands of marine animals. Just over two decades prior,
Across the USA, a battle for the souls of rural counties is being waged. The battle is fought not in major news outlets, but in local government meetings and the opinion columns of local newspapers. Despite the lack of national coverage, the cumulative outcome of these localized conflicts will change the American landscape for generations to come.
This monumental battle is between those fighting for growth—or “development” as some use interchangeably—and those who strive to conserve the current character of counties.