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."
This book is well worth reading if you're interested in how the Eurozone got into such a mess, although it ignores a very important source of financial instability - the relationship between money and energy - and it paints an overly rosy picture of the role that the US has played in the global economy over the past century. By Caroline Whyte.
Brian Davey connects the fall in the growth rate, with its roots in the rising costs of energy extraction and generation, to declining resilience in the economic system. He argues that these are in turn related to a more conflict ridden geo-politics. There is an increased vulnerability to shocks which will be catastrophic unless and until there is a new conventional wisdom in society about what is wrong and what has to be done about it.
We argue that in order to achieve its new objectives, CAP policymakers need to collaborate with other high-level EU and global bodies so as to establish a core economic framework that would include Cap and Share, a basic income, land value tax, debt-free money issuance and reforms to the international trading organisations.