Comment on Will New Zealand be the first developed country to evolve a steady-state economy? by Kevin Baker

The most comprehensive and articulate statement on the reality of our current situation in my view as an immigrant from UK that I have come across. The choice is clear and history indicates as W.H.Auden wrote: "We would rather be ruined than changed. We would rather die in our dread than climb the cross of the present and let our illusions die." How do we shift this pattern? Our challenge and task unfolds. Thankyou so much. I shall pass this article on to our Mayor and MP (for what that's worth.)

Fear and Loathing in the Financial Markets – What Happens to the Economy When the Oil Bubble Bursts?

By Philip Pilkington, a journalist and writer living in Dublin, Ireland. Cross posted in Naked Capitalism In 2008 profits in the US economy crashed out. But they soon bounced back. This bounce was largely due to the profits being reaped in the financial sector – which sickened many given that 2008 was in large measure [...]

Will New Zealand be the first developed country to evolve a steady-state economy?

Jack Santa Barbara writes in Fleeing Vesuvius that while New Zealand will inevitably make a transition to a steady-state economy, the onset of energy descent — having less and less energy to use with each passing decade — will push it to do so sooner rather than later. So the critical question is whether the transition to a steady-state economy will be by design or disaster.