Filed under: Deep Green, Greenpeace | Tags: Biology, Deep Green, Economics, Rex Weyler, Technology
In the future, economists will return to Earth
The year 2009 will witness a tsunami of economic appeals to fix, as disgraced Federal Reserve Chairman Alan Greenspan put it, the ‘flaw’ in their thinking. Most will get it wrong.
Filed under: Deep Green, Greenpeace | Tags: Economics, Rex Weyler, Sustainable Development
In 1992, World Bank officials handed renowned economist Herman Daly a draft of its “Sustainable Development Report” to review. Daly had written Steady-State Economics in 1977, proposing that economists consider the requirements of ecology.
Global economic systems crash not only because of greed, fraud and toxic assets, but because those systems rest on fallacies about the natural world. The Ponzi scams and derivatives swindles of international bankers are no substitute for real economy: the living ecological systems, energy, soils, minerals, forests, and seas.
In the 1980s, fishermen caught the last wild Beluga sturgeon from the Sea of Azov, source of prized caviar, and wild sturgeon in the Caspian Sea failed to reproduce. The sturgeon catch plunged by 95 percent, and the cost of caviar soared. Such extraordinary price growth is known as “hyperinflation,” or as economist Eric Sprott says, “the caviar syndrome.”
Filed under: Deep Green, Greenpeace | Tags: Consumption, Ecology, Economics, Philisophy, Population, Rex Weyler
Lord of the Fruit Flies
History shows that human society can change if some moral force (civil rights, women’s rights) challenges convention. However, before we can be optimistic about solving the environmental crisis, we must be realistic. Otherwise, our confidence is delusional.
Greenpeace Southeast Asia 