What’s happening now is a permanent contraction. Well, of course, nothing lasts forever, and the contraction is one phase of a greater transition. The cornucopians and techno-narcissists would like to think that we are transitioning into an even more lavish era of techno-wonderama — life in a padded recliner tapping on a tablet for everything! I don’t think so. Rather, we’re going medieval, and we’re doing it the hard way because there’s just not enough to go around and the swollen populations of the world are going to be fighting over what’s left.
. . . → Read More: Say Goodbye To Normal, By James Howard Kunstler
“Capitalism, it turns out, will not be abolished by forced-march techniques. It will be abolished by creating something more dynamic that exists, at first, almost unseen within the old system, but which will break through, reshaping the economy around new values and behaviours. I call this postcapitalism…”. – Paul Mason Zoran Opalic: Could we call it a Modern Soft Slavery/Communism? We live in a fluid phase of modernity, in which social forms are constantly changing at great speed, radically transforming the experience of being human…
. . . → Read More: The End Of Capitalism Has Begun, By Paul Mason
The price of oil is down. How should we expect the economy to perform in 2015 and 2016? Newspapers in the United States seem to emphasize the positive aspects of the drop in prices. I have written Ten Reasons Why High Oil Prices are a Problem. If our only problem were high oil prices, then low oil prices would seem to be a solution. Unfortunately, the problem we are encountering now is extremely low prices. If prices continue at this low level, or go even lower, we are in deep trouble with respect to future oil extraction. It seems to me that the situation is much more worrisome than most people would expect. Even if there are some temporary good effects, they will be more than offset by bad effects, some of which could be very bad indeed. We may be reaching limits of a finite world.
. . . → Read More: Oil And The Economy: Where Are We Headed In 2015-2016? By Gail Tverberg
Climate change aside, to survive, we would have to change the way we live…Totally. Not only would we have to shift our energy paradigm, but we’d have to share sustainable dwellings, land, electronics, transportation, everything.. or there simply wouldn’t be enough to go ‘round. People keep saying they want world peace and an end to war, but they aren’t willing to put all of humanity on the level playing field that is required in order to end the fighting. We must rid ourselves of the very concept of personal ownership. Most native peoples understood this.
. . . → Read More: Re-Imagining Prosperity: Why Being Paid A Living Wage Could Make Things Worse And What We Can Do About It, By Sophia Schooley
The effects of government-imposed austerity[iv], erroneously claimed to restore fiscal responsibility and restart economic growth, are a reflexive (or cybernetic[v]) reaction to protect the economic interests of wealthy elites at the expense of other citizens.[vi] The funding and operation of the public health system and the array of socioeconomic factors that ultimately ensure a nation’s health[vii] are damaged by austerity . . . → Read More: Public Health, Thermodynamics, And The Cat Food Commission, By Dan Bednarz
While most people are paying attention to Europe’s financial woes—and they are serious—there’s a lot of instability in other places…places you might think don’t matter much, but they do. In a world of global finance, global industry, global climate, and global instability, it all matters, as all of these systems are interconnected and inter-related. It’s been called “a perfect storm of catastrophic confluences.” . . . → Read More: Economy, Collapse, And The Interconnectedness Of All Things, By Gary Stamper
Election wars are masking the fiscal cliff that America is destined to drop off in early 2013, warns the Congressional Budget Office. History tells us our politicians will slowly drive America off the fiscal cliff and into a mid-1930s-style sinkhole. Why? Because no matter who’s elected, our dysfunctional government will continue to be driven by secretive super-PAC billionaires obsessed about either holding on to or regaining the presidency in 2016. . . . → Read More: Four Fiscal Cliffs Ahead And A Jobs War, By Paul Farrell
2012 will the year that the consequences of the choices made by nations of the so-called developed world will begin to truly manifest themselves in the economic realm . . . → Read More: This Is The Year When Developed Nations Must Choose Between Pain And Disaster, By John Mauldin