Entrepreneurship – the narrative of creative destruction

Feb 14, 2017 No Comments by
In this chapter from Credo, Brian Davey argues that the role of the entrepreneur changes over time and that, at their most powerful, they seek to co-opt officials and politicians for their agendas. Management can be exercised through over centralised control freakery or via distributed decision-making systems. Many entrepreneurs and managers are psychopaths, and criminals are entrepreneurs too. In the modern world, control fraud i.e. looting your own company is not uncommon.
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End of the “Oilocene”: The Demise of the Global Oil Industry and of the Global Economic System as we know it.

Jan 22, 2017 10 Comments by
Tim Clarke draws on recent research on fossil fuel extraction to argue that the global oil industry in deep trouble. Since oil plays such a key role in the world economy, since 2008 any semblance of economic growth has been fuelled by astronomically greater quantities of debt . The challenge Ireland and other countries will soon face is managing a fast economic and energy contraction and implementing sustainability on a massive scale whilst maintaining social cohesion.
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Lean Logic and Surviving the Future: Reviews by Mark Garavan

Jan 14, 2017 Comments Off on Lean Logic and Surviving the Future: Reviews by Mark Garavan by
Mark Garavan writes "these two books offer a wonderful summation and presentation of [Davd] Fleming’s life work. He is always stimulating and always provocative," and that the books "provide us with a vision of a world coming into being."
Book Reviews, News Read more

Carbon markets at the end of 2016 – what can we expect in the future?

Jan 02, 2017 Comments Off on Carbon markets at the end of 2016 – what can we expect in the future? by
Sadhbh O'Neill, who attended the COP-22 climate summit in Marrakesh, provides some thoughts on the limitations of carbon trading; not only does trading completely fail to address the ethics of climate change, but it fails in terms of climate policy too. Among her conclusions: "we need a whole-society, whole-industry mobilisation of effort (the kind of effort that reduces emissions rather than increasing them) and probably rationing of scarce non-renewable energy resources."
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Questioning The Free Trade Mantra

Dec 12, 2016 1 Comment by
Graham Barnes presents three reasons for challenging the narrative that restrictions on trade are never justifiable, and goes on to argue that the potential rebalancing of an economy - away from over-financialisation towards productive activity and especially stuff of life end product like food and energy - could create its own success story/ case study and encourage others. Changing our money system would help to achieve this.
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Water Commoning – Extending the public debate about water policy in Ireland

Dec 05, 2016 Comments Off on Water Commoning – Extending the public debate about water policy in Ireland by
Feasta's new Water Commoning Group aims to extend the debate about water policy in Ireland and to establish water commoning as something worthy of serious and critical consideration.
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The Climate Crisis and Economic Policy Choices

Dec 01, 2016 Comments Off on The Climate Crisis and Economic Policy Choices by
Brian Davey, in Credo, argues that carbon emissions will never fall at a sufficient rate in a growth economy. Unfortunately, the EU operates a climate policy framework, the EU Emissions Trading System, that was designed by BP and it doesn’t work. Policies that might work were the political will there are described. However, the fossil fuel industry still has a stranglehold on policy.
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Prejudice, Ignorance and Granfalloons – Society in the Trump Era

Nov 24, 2016 Comments Off on Prejudice, Ignorance and Granfalloons – Society in the Trump Era
Energetic and ecological limits are mostly unknown because they are taboos. It would be great if people found out more about these limits because responding to them seems to me to be the most pressing of all agendas for society. What is more likely however is that the bulk of the population will now pre-occupy themselves with granfalloons instead – and plenty of very educated people will help them. By Brian Davey.
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Living in Unpredictable Times

Nov 20, 2016 Comments Off on Living in Unpredictable Times
Brian Davey argues that in many aspects of life one can turn a story upside down or reverse cause and effect and it will still be plausible. Moreover, things that don't fit into the prevailing narrative are often downplayed or ignored. The coming bankruptcy of the energy sector is a crisis that mainstream economists will not be able to understand nor to solve. The faith that there will always be a techno fix and that continued growth is the normal state of affairs is likely to remain pervasive for a longest time - despite growing chaos.
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Creating More Elbow Room

Nov 15, 2016 Comments Off on Creating More Elbow Room
To mark the fifth anniversary of Feasta co-founder Richard Douthwaite's death, and in light of current world events, we're featuring this chapter from his book Short Circuit, which is perhaps even more relevant today than it was back in 1996. It discusses the pernicious effects of world trade at present and the need to move towards a more human economy, and then describes three new approaches that could be taken.
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A Changing World – Coping in a crisis

Nov 12, 2016 Comments Off on A Changing World – Coping in a crisis
In an update of her original article from 2011, Theresa O'Donohue provides some practical suggestions for dealing with the turbulent times that may be ahead.
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Georgist Macro-Economics and the Land Value Tax

Oct 15, 2016 Comments Off on Georgist Macro-Economics and the Land Value Tax
Brian Davey argues in Credo that the ideas of Henry George are still very relevant for economic theory. A site value tax would help to stabilise property market cycles and promote greater spatial efficiency. However, while helpful, market mechanisms like a site value tax will not, on its own, fully resolve the environmental crisis.
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The Oracle of Oil: Review

Oct 06, 2016 1 Comment
M King Hubbert, known as 'the father of peak oil,' was one of the first to question unlimited economic growth. "In his life and career you find the seeds of major environmental, socioeconomic and political challenges which we are still confronted with today, and which still need solving," writes Jacqueline Mathewes in this review of Mason Inman's biography.
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