9 August 2017 By Dr Haydn Washington for Dick Smith Fair Go,The Insanity of Endless Growth, . The world is faced with a predicament of grave enormity – yet one rarely spoken of. The United Nations (UN), almost all governments, business, and media and both the political Left and the Right are busy extolling (even praising) ‘endless growth’. Yet we live on a finite planet, so clearly endless physical growth is impossible, unsustainable and, in fact, insane. I often give public talks on sustainability and ask the audience: ‘On a finite planet who thinks we can keep growing physically forever?’ Nobody raises their hands. So why then is our economy and society based on what many individually know is impossible? An excellent question – but one hardly ever asked in mainstream economics (Daly, 2014). Even the UN forgets to ask the question – and to answer it. Read More here
Tag Archives: Economy
12 July 2017, The Guardian, Commentators who don’t understand the grid should butt out of the battery debate. Criticising South Australia’s battery for not meeting peak demand is akin to raging at your smartphone because it can’t send a fax. he Australian electricity grid’s most recently announced extremity is a gargantuan battery system in South Australia, designed to bolster grid security. The facility has been met mostly with a warm welcome, interspersed with weird, interesting and tense hostility. Buried in the mix of reactions are clues about how a new phase of grid transition might play out, as we switch from the rapid build out of zero carbon power sources to building and integrating them into a system designed for fossil fuels.Before we interrogate the misunderstandings of South Australia’s new battery, we have to step back and look at the system as a single, electric organism. Read More here
11 July 2017, The Conversation, Why a population of, say, 15 million makes sense for Australia. Population growth has profound impacts on Australian life, and sorting myths from facts can be difficult. This article is part of our series, Is Australia Full?, which aims to help inform a wide-ranging and often emotive debate. Neither of Australia’s two main political parties believes population is an issue worth discussion, and neither currently has a policy about it. The Greens think population is an issue, but can’t come at actually suggesting a target. Even those who acknowledge that numbers are relevant are often quick to say that it’s our consumption patterns, and not our population size, that really matter when we talk about environmental impact. But common sense, not to mention the laws of physics, says that size and scale matter, especially on a finite planet. In the meantime the nation has a bipartisan default population policy, which is one of rapid growth. This is in response to the demands of what is effectively a coalition of major corporate players and lobby groups. Solid neoliberals all, they see all growth as good, especially for their bottom line. They include the banks and financial sector, real estate developers, the housing industry, major retailers, the media and other major players for whom an endless increase in customers is possible and profitable. However, Australians stubbornly continue to have small families. The endless growth coalition responds by demanding the government import hundreds of thousands of new consumers annually, otherwise known as the migration intake. The growth coalition has no real interest in the cumulative social or environmental downside effects of this growth, nor the actual welfare of the immigrants. They fully expect to capture the profit of this growth program, while the disadvantages, such as traffic congestion, rising house prices and government revenue diverted for infrastructure catch-up, are all socialised – that is, the taxpayer pays. The leaders of this well-heeled group are well insulated personally from the downsides of growth that the rest of us deal with daily. A better measure of wellbeing than GDP The idea that population growth is essential to boost GDP, and that this is good for everyone, is ubiquitous and goes largely unchallenged. For example, according to Treasury’s 2010 Intergenerational Report: Economic growth will be supported by sound policies that support productivity, participation and population — the ‘3Ps’. If one defines “economic growth” in the first place by saying that’s what happens when you have more and more people consuming, then obviously more and more people produce growth. The fact that GDP, our main measure of growth, might be an utterly inadequate and inappropriate yardstick for our times remains a kooky idea to most economists, both in business and government. Genuine progress peaked 40 years ago Read More here
8 July 2017, Reuters, Leaders from the world’s leading economies broke with U.S. President Donald Trump on climate policy at a G20 summit on Saturday, in a rare public admission of disagreement and blow to multilateral cooperation. German Chancellor Angela Merkel, keen to show off her skills as a mediator two months before a German election, achieved her primary goal at the meeting in Hamburg, convincing her fellow leaders to support a single communique with pledges on trade, finance, energy and Africa. But the divide between Trump, elected on a pledge to put “America First”, and the 19 other members of the club, including countries as diverse as Japan, Saudi Arabia and Argentina, was stark. Last month Trump announced he was pulling the United States out of a landmark international climate accord clinched two years ago in Paris. “In the end, the negotiations on climate reflect dissent – all against the United States of America,” Merkel told reporters at the end of the meeting. “And the fact that negotiations on trade were extraordinarily difficult is due to specific positions that the United States has taken.” The summit, marred by violent protests that left the streets of Hamburg littered with burning cars and broken shop windows, brought together a volatile mix of leaders at a time of major change in the global geo-political landscape. Trump’s shift to a more unilateral, transactional diplomacy has left a void in global leadership, unsettling traditional allies in Europe and opening the door to rising powers like China to assume a bigger role. Read More here