27 September 2015, Truthdig, Big Tech May Be Getting Way Too Big—Here’s Why. Conservatives and liberals interminably debate the merits of “the free market” versus “the government.” Which one you trust more delineates the main ideological divide in America. In reality, they aren’t two separate things and there can’t be a market without government. Legislators, agency heads and judges decide the rules of the game. And, over time, they change the rules. The important question, too rarely discussed, is who has the most influence over these decisions and in that way wins the game. Two centuries ago slaves were among the nation’s most valuable assets, and a century ago, perhaps the most valuable asset was land. Then came another shift as factories, machines, railroads and oil transformed America. By the 1920s most Americans were employees, and the most contested property issue was their freedom to organize into unions. In more recent years, information and ideas have become the most valuable forms of property. This property can’t be concretely weighed or measured, and most of the cost of producing it goes into discovering it or making the first copy. After that, the additional production cost is often zero. Read more here
Category Archives: Downsizing Plan B
23 September 2015, The Conversation, Sustained economic growth: United Nations mistake the poison for the cure. On September 25 world leaders will meet in New York to formalise the new Sustainable Development Goals. These 17 goals will guide efforts to reduce poverty and increase well-being, without destroying the Earth. The Conversation is looking at how we got here, and how far we have to go. On the surface, the Sustainable Development Goals, soon to be confirmed by the United Nations, seem noble and progressive. They seek to free the human race from the tyranny of poverty and hunger while creating sustainable and resilient societies. But look beneath the surface of this pleasant rhetoric and one comes face to face with a far more ominous vision of development: a vision that is fundamentally compromised by corporate interests and ultimately doomed to failure, if not catastrophe. The defining flaw in the United Nations’ agenda is the naïve assumption that “sustained economic growth” is the most direct path to achieving the Sustainable Development Goals. This faith in the god of growth is fundamentally misplaced. It has been shown, for example, that for every $100 in global growth merely $0.60 is directed toward resolving global poverty. Not only is this an incredibly inefficient pathway to poverty alleviation, it is environmentally unsupportable. By championing economic growth, the Sustainable Development Goals are a barely disguised defence of the market fundamentalism that underpins business-as-usual. But in an age of planetary limits, sustained economic growth is not the solution to our social and environmental ills, but their cause. Read More here
21 September 2015, The Conversation, Creative self-destruction: the climate crisis and the myth of ‘green’ capitalism. The upcoming Paris climate talks in December this year have been characterised as humanity’s last chance to respond to climate change. Many hope that this time some form of international agreement will be reached, committing the world to significant reductions in greenhouse gas emissions. And yet there are clear signs that the much-touted “solutions” of emissions reduction targets and market mechanisms are insufficient for what is required. In our new book, Climate Change, Capitalism and Corporations: Processes of Creative Self-Destruction, we look at reasons why this has come about. We argue that businesses are locked in a cycle of exploiting the world’s resources in ever more creative ways. Innovating environmental destruction. The disconnect between business and climate action was symbolised by the announcement earlier this year that a significant portion of funding for the Paris meeting comes from major fossil fuel companies and carbon emitters; a situation French climate officials admitted was financially unavoidable. While perhaps unsurprising, this announcement hints at a deeper problem we now face — the global economic system of corporate capitalism appears incapable of achieving the levels of decarbonisation necessary to avoid dangerous climate change. Humanity is locked into a process of “creative self-destruction”. Our economies are now reliant upon ever-more ingenious ways of exploiting the Earth’s fossil fuel reserves and consuming the very life-support systems we rely on for our survival. This is evident in the rush by some of the world’s largest companies to embrace deep-water and Arctic oil drilling, tar-sands processing, new mega-coalmines, and the “fracking” of shale and coal-seam gas. These examples highlight both the inventive genius of corporate capitalism, and the blindness of industry and government to the ecological catastrophe they are fashioning. Read More here
17 September 2015, The Conversation. Australia is among the most liveable nations, but it lags other countries on sustainability. Australia may be one of the most liveable places in the world, but a new report ranks us in the middle when it comes to sustainability. Of the 34 OECD countries, Australia ranked 18th. The report compared OECD countries’ performance against the new Sustainable Development Goals, to be formalised in New York at the end of this month. The top five countries were Sweden, Norway, Denmark, Finland and Switzerland. The bottom five were Mexico, Turkey, Hungary, Chile and Greece. The United States came in 29th, New Zealand 16th, the United Kingdom 15th, and Canada 11th. So how did Australia get such a mediocre result? Sustainable development: a matter for everyone. Later this month, the UN General Assembly will make a final decision on the adoption of the post-2015 development agenda including the articulation of 17 Sustainable Development Goals that have been developed over the past three years through an extensive international and cross-sector process of consultation. The 17 SDGs extend the original Millennium Development Goals) that were established in 2000 with a target date of 2015. Progress against the MDGs is largely regarded as satisfactory, but it is well accepted that further progress on sustainable development is required, as articulated in the outcome document of the 2012 Rio +20 Summit. Unlike the Millennium Development Goals, the new goals include developed countries. Sustainable development is a global matter to which all countries must turn their focus, whatever their development status. How Australia measures up? Read More here