economy
last man standing
This month’s Museletter from Richard Heinberg at the Post Carbon Institute provides a valuable synopsis of where China and the US are at in avoiding an increasingly inevitable societal collapse,
Increasingly I am forced to conclude that the object of the game that world leaders are actually playing is not to avoid collapse; it’s simply [...]
the Shock Doctrine
Just discovered that Naomi Klein has turned the concept of her book The Shock Doctrine (2008, Picador). This the most important 6 and a half minutes you can use today because it covers the entire concept behind the formation of our modern “free market” system,
entering the Last Hours of Ancient Sunlight
As of September 2008 we’ve officially entered the end of the oil age. Our economic system based on infinite growth has run into the limits of the physical world. Now that our social systems must rapidly adapt to a new reality of energy scarcity, we must pay special attention to the humans within those [...]
podcasts from this week can help you understand the US debt problem
As the US debt ceiling was quickly raised to $12.4 billion to prevent Federal government shutdown, the only inevitable response will be an even larger increase early next year.
The United States balance sheet is looking like a weaker and weaker attempt at recovery. Some might even make the argument that the US is insolvent, [...]
subtracting 85% from your life over the next decade
Imagine slashing the your income across the board by 85%. That’s the comparison John Michale Greer draws to the coming age of energy scarcity in his latest post,
few are classified as unemployed
Absolutely brilliant…
the true cost of the US presence in Iraq and Afghanistan
An amazing video from GOOD on the true cost of the US presence in Iraq and Afghanistan alone. It is no longer an argument about whether we should be there or not, it is an argument about whether we can afford it or not. Especially since 20,000 Americans a day are applying for food stamps. [...]
China’s growth comes under question
Much like the rest of the world economy right now, China’s economy growth is propped up by a massive stimulus. The drive for incessant GDP growth has led to the development of a city where no one lives developed by the coal millionaires,
an alternate monetary operating system
Douglas Rushkoff isn’t always making the most economically popular arguments but I think he’s on to something when talking about currency. Thinking that the current incarnation of the monetary economy is the only system for money isn’t only dangerous, it is incredibly ignorant. As the energy supporting overinflated fiat currencies like the US dollar becomes [...]
is college worth the time?
Economist Bryan Caplan seems to think it isn’t,
