We urge the Irish government to recognise the existential aspect of environmental risk, as well as the complex challenges posed by the global financial system's high dependency on oil. Ireland is particularly vulnerable to financial collapse and its community banking sector needs to be strengthened and taxation reforms carried out in order to help mitigate this.
Brian Davey finds striking parallels between the dinner party guests in Bunuel's film and the British upper class.
Feasta Currency Group members believe that community (or public) banking could form a central component of a healthy future Irish economy. There is an urgent need to expand this sector in Ireland in order to help protect the Irish economy from debt-related financial risk, stimulate community development and help bring about the transition to a growth-neutral financial sector.
Brian Davey argues that, while there is no point in hoping that the powerful will manage to resolve the multiple crises we're facing, we can still work on developing permacultural designs of local cultivation space and residential areas, and on ways to create soils and grow trees that absorb carbon, so that new forms of living and organising may become possible.
This gathering brought together people from many countries and different walks of life to consider how we can best stabilise our increasingly rocky and ecologically toxic global financial system. Report by Caroline Whyte.
"Ireland’s policymakers exist in an insulated bubble; congratulating themselves on reducing the debt-GDP ratio and high employment due to the sleight of hand of low corporate tax rates, " writes Tim Clarke. He argues that Ireland is hugely vulnerable to a global financial crash triggered by net energy decline, coupled with rapidly rising extreme global debts and many other factors: "Talk of a 'Celtic Phoenix' excites dull short memories, and another property bubble is in the making."