The newest video from the new economics foundation (nef), titled “The Vampire Squid” takes the title from commentary on our banking system by Matt Taibbi, writing in Rolling Stone back in 2008, referring to Goldman Sachs as “a great vampire squid, wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”
Two years ago I started blogging on a small blogger account, ranting about the economy and ecological limits. Since that time I’ve seen this blog blossom until a larger medium for discussion and broadcasting. I’ve really enjoyed the connections made, the on-going research and opening this topic up to others. You, my readers, have been a constant inspiration for me – the comments, emails, and feedback are always great! I am looking forward to the next two years, especially in light of the coming challenges (and opportunities) our world faces.
There are a few of us post-growth bloggers and activists that are working on a project. It isn’t out yet, so I can’t say much about it just yet. Between my work with that, having a wife in college and having a toddler who refuses to sleep through the night I am pretty burnt out right now. So, for the next week or so I will be taking a little mini-vacation from the blog world. I’ll be back (with a vengeance!) hopefully a week or two before the holidays.
Part One of the report covers the problems with growth, and the concept of enough. It open’s with a great quote from Tim Jackson, author of Prosperity Without Growth, and keynote speaker at the conference:
“Here is a point in time where our institutions are wrong. Our economics is not fit for purpose. The outcomes of this economic system are perverse. But this is not an anthem of despair. It’s not a place where we should give up hope. It’s not an impossibility theorem. The impossibility lives in believing we have a set of principles that works for us. Once we let go of that assumption anything is possible.”
Part Two of the report contains the real guts of the report, outlining the most complete collection of policy ideas, tools and reforms in one place. This section has the most weight to it and will make the biggest splash, but Part Three helps to combine these policies with the reality present in Part One: how to get the economy functioning and transitioning to a steady state economy.
The problems are real, the studies numerous, and the evidence richly points to the need for an alternative to growth. A steady state economy represents the best of many solutions: providing a sustainable scale to the economy, as well as providing more prosperity for everyone. This report states the facts, outlines the way out of our economy of “more” and into an economy of “enough.”
This semi-regular report includes things happening in our world, policies, articles and practices in-line with the steady state economy or transitioning to it, that are worth some time to read about – the good news, the promising results. They are all exciting things happening I just don’t have time to post about each in-depth.
Here are some cool things happening in the world:
Limits To Growth Compared To 30 Years of Reality
It’s a couple years old already, but I just found it and want to pass it on. A report published in June 2008 by CSIRO, an Australian science and researching body, compares the prophecies of the seminal Limits To Growthwith the thirty years of data since its original publication. Turns out, the Meadows (et al) were not full of shit – we do live on a finite planet and will run out of resources quickly if we continue to follow growth instead of living within our means. In fact, as the CSIRO report points out, we’re on track for nature to force us to stop growing.
While this mid-term election has been mixed (mostly bad news), the voters in California maintained their ground-breaking climate bill AB 32, defeating the oil-industry funded Proposition 23. There is a lot of speculation on why voters kept this bill in play, but I think the most realistic one is that they have seen the affects and like it! Californians have seen how a cap-and-trade bill can be good for their economy, promote a more sustainable society and protect the environment.
Proposal To Extend Montreal Protocol Gaining Support
Along the same vein, this election has pretty much shown that action on climate by congress is no in the near future, if at all. There are lots of other things being done, by industry, by the administration, by community groups and transition towns. On an international level the climate talks, with the next meeting schedule for Cancun, are a political dead-end as well without action from the US Congress. Alas! There is some hope…
Another international treaty that combats pollution, the Montreal Protocol, has eliminated 97 per cent of the ozone-harming chemicals. From the sounds of it, the annual signatory meetings go smoothly and without much fuss. Better yet, there is a growing support to expand the Montreal Protocol to include HFCs, an ozone-harming and incredibly harmful greenhouse gas (1000 times worse than CO2).
The resolution has gained support from developed nations and includes a fast implementation to eliminate a type of greenhouse gas that could help push major climate destabilization off by years, even a decade, by eliminating up to 88 billion carbon-equivalent tons of greenhouse gasses. It’s not a complete climate agreement, but it’s something in the right direction.
This November offers up some serious measures and elections, as well as seriously confusing measures and initiatives. I’ve outlined why I’m voting for some and not others, as well as my picks for the state elections. Democracy in action: research and vote!
I don’t usually use this blog as a direct political outlet, but after opening up my mail-in ballet for the Washington State November Election I was inspired to write something. This election is important – not only because it represents a serious threat to progressive action on a national level (don’t vote in republicans!) but also here in Washington there are some important initiatives and elections. You can’t just read the ballet and understand the implications of these measures – especially since many of them include multiple changes to law, overlap in odd ways and are all the source of much campaigning by corporate interests.
I did a little research, as all members of a democracy should – be educated and involved. There are numerous sites out there, but you should at least look at your state voter’s guide to read about the measures before you vote. In the past I have used the local free newspaper, The Stranger, and the county/state guides to help me come to a decision. This year I did a little more research on these complicated measures, although I’ll admit I came to similar conclusions as The Stranger on most of them, it was of my own decision making skills.
Jeremy over at Make Wealth History just posted a video by Conspiracy of Freedom, a Christian response to consumerism from the Breathe Network. The recent video, Home, questions our fragmentation of community and the importance of local. This let me to their previous video, Enough Is Here that questions growth and the mysteriously forgotten concept of “enough.”
It is incredibly refreshing to me to see a Christian group that campaigns for issues that are (dare I say it), actually values of Christ. Too often I am overwhelmed by the media-frenzied far-right Christians who are poster-boys for big business and Tea Parties. Thank you Jeremy for post this video and helping this group.
Out of the Old Economy of big-business, inequality, wall street over main street, oil & gas, environmental destruction and social degradation will rise the New Economy of small business, fair distribution, local systems, renewable energy, environmental restoration and protection, social renewal and strong communities.
The term “new economy” is broad, but its definition is gaining a more solid footing in the grass-roots of localism, communalism and post growth(ism). When I hear the term I think of an economy based on people and planet, not greed and growth. It is one that focuses energy on resilient local communities and businesses. It embraces the knowledge that small is beautiful. The New Economy is not just a rebooted version of the Old Economy – it is a drastic reshaping of the economic landscape. (I also believe that the New Economy is a post growth economy)
The path ahead is not entirely clear, there are many opportunities to improving our social fabric and strengthening our local economics, but I believe that certain ideas will shine above the rest. Most of the change will come from the bottom up. This is true not only because the viability of anything getting done at the top of the political spectrum is practically non-existent, but also because the local movements will out-pace the movement of congress any day of the week. Here is my list of Top Ten Things That Will Build The New Economy (in no specific order):