What Could Possibly Go Right? Kamea Chayne
This is an extraordinary discussion about the future. Mostly new to me, so I will listen again. What Could Possibly Go Right?: Episode 56 Kamea Chayne
Category «Economy»
The UK economy is in very big trouble, but the government doesn’t seem to know what to do about it, and neither do opposition politicians.
Tim Morgan’s comment: It’s now emerged that there’s a big row going on between the department for business – which wants support for industries affected by surging energy prices – and the Treasury (finance ministry) – which doesn’t. In my view, a case can be made – generally, not just in Britain – for energy …
Feynman’s Law writ large
Tim Watkin’s latest piece, concludes that: The problem is compounded by an official rate of inflation which under-reports the vast increase in the cost of essentials like housing, electricity and gas, food and transport, while over-reporting the falling cost of discretionary items like electronic goods, trips to the cinema, dining out and – at least …
A moment of truth: THE ARRIVAL OF ECONOMIC CONSTRAINT
Tim Morgan’s latest post. This concludes that: The ‘basics’ of the situation – deteriorating top-line and discretionary prosperity, rising inflation and worsening financial stress – are simply the first-order effects of the deteriorating energy-prosperity equation. More complex processes can be anticipated, some of them identifiable in a taxonomy which sees businesses simplifying their products and …
The big food redesign study
The Ellen Macarthur Foundation has published what may turn out to be seen as a “ground-breaking” study about a transition of the food system to a circular economy The circular economy is increasingly recognised as a solutions framework to address global challenges like climate change and biodiversity loss. Moving towards a food system that builds …
Degrowth: the case for a new economic paradigm
Unbridled growth appears to be at odds with social well-being and environmental sustainability. How might we develop a model that reduces the imperative for growth while maintaining economic stability? This article, written in 2017, by Riccardo Mastini (Universitat Autònoma de Barcelona) provides a brief history of degrowth. This interpretation of degrowth assume that the use …
Workers Who Maintain Supply Chains Warn of Worldwide ‘System Collapse’
From “The Epoch Times” Several industry groups have warned world leaders of a worldwide supply-chain “system collapse” due to pandemic restrictions, coming as Federal Reserve Chairman Jerome Powell suggested that the current period of higher inflation will last until 2022. The International Chamber of Shipping, a coalition of truck drivers, seafarers, and airline workers, has warned …
A Crisis of Affordabiliy
Tim Watkin’s latest post in his blog “The Consciousness of Sheep” concludes that: The temptation is to rush out and predict the end of industrial civilisation immediately. But it is worth heeding John Maynard Keynes’ lament that: “The stock market can remain irrational longer than you can remain solvent.” As Tim Morgan at Surplus Energy …
The march of folly
The latest from The Consciousness of Sheep. concludes that: We may rue the long chain of political and economic decisions taken between the first energy shock in 1973 and the onset of energy depletion in the 2020s. But casting blame gets us nowhere – and in reality, all of us have participated in and endorsed …
The UK economy is showing a lot of signs of falling to pieces
Today’s comment by Tim Morgan in Surplus Energy Economics “Nobody in politics seems to know what the real problems are, let alone how to fix them. The government lurches from one ‘fix’ to another, and seems to think that the public finances can be repaired by taxing employees and employers alone, with no additional taxation …
The Big Green Lie
The latest post from the conscious of sheep concludes that: This is the Big Green Lie. Because running an economy entirely on renewable energy is easy. Humans have been doing it for hundreds of thousands of years. Indeed, it is only in the last three centuries that we have done other than operating entirely on …