Economics Ignores Thermodynamics by Eric Zencey Editor’s Note: An earlier version of this essay appeared as a comment in the Great Transition Network Forum, which will appear on the Great Transition Initiative website next week along with a new essay by Herman Daly, “Economics for a Full World.” Ecological Economics and its corollary, Steady State […]
by James Magnus-Johnston If you demonstrate to people that the NDP [New Democratic Party] can win in Alberta, suddenly anything seems possible. —Paul Fairie, University of Calgary political scientist On the problematic political spectrum, neither the right nor the left have become wholesale champions of the steady state economy. Then again, embracing something perceived as […]
Magnus-Johnston explains how these investments are funded, and how it exacerbates our economy’s growth imperative.
To avoid a fate like the Mayans in Central America and the Polynesians on Easter Island, we will need to move toward a steady state economy–with the help of social scientists and natural scientists.
A switch to solar and other renewables will greatly reduce the resources devoted to waging war and help us achieve a steady state economy.
The age of extraction is ending. We need a true cost economy that can meet people’s needs without undermining planetary life-support systems.
The short answer: an economy that allows corporations to externalize costs and trump the rights of indigenous people.
Threats from abroad are real, but so are the threats from domestic energy policies and overconsumption of fossil fuels.