1/24/12 Meria interviews Richard Heinberg, author “The End of Growth, Adapting to Our New Economic Reality”. The party’s over, what can we do to prepare for the inevitable? natural limits DO apply; economic growth stalled since 2008; toxic assets worldwide; running out of “stuff”; cheap oil over; debt time bomb; fighting for the US dollar; “baskets of currency”; petro-dollar wars; depletion of resources and population growth; the gold standard, why we’re off it and can’t go back; money as debt; have to reinvent money; legal immigration has quadrupled; globalization can leave us high and dry; What to do – inflation or deflation coming? buy items towards becoming self-sufficient; learn a skill or trade; get out of debt; leave the big banks, they will fail; learn economic self defense; cost of transportation of goods will kill globalization, then what ? rebuild local communities, agriculture, financial institutions etc; 10% own 85% of worlds wealth; economic inequality and what it will bring; sustainability and social unrest; plutocracy now – rule by the wealthy; and lots more. Meria highly recommends EVERYONE read this book. Stay out of fear and prepare.
Economists insist that recovery is at hand, yet unemployment remains high, real estate values continue to sink, and governments stagger under record deficits. The End of Growth proposes a startling diagnosis: humanity has reached a fundamental turning point in its economic history. The expansionary trajectory of industrial civilization is colliding with non-negotiable natural limits.
Richard Heinberg’s latest landmark work goes to the heart of the ongoing financial crisis, explaining how and why it occurred, and what we must do to avert the worst potential outcomes. Written in an engaging, highly readable style, it shows why growth is being blocked by three factors:
These converging limits will force us to re-evaluate cherished economic theories and to reinvent money and commerce.
The End of Growth describes what policy makers, communities, and families can do to build a new economy that operates within Earth’s budget of energy and resources. We can thrive during the transition if we set goals that promote human and environmental well-being, rather than continuing to pursue the now-unattainable prize of ever-expanding GDP.
Richard Heinberg is the author of nine previous books, including The Party's Over, Peak Everything, and Blackout. A senior fellow of the Post Carbon Institute, Heinberg is one of the world's foremost peak oil educators and an effective communicator of the urgent need to transition away from fossil fuels.