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energy

End of the Oilocene: the roar of the oil-fizzle dragon king

"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."

Money through the looking glass

Caroline Whyte argues that the only way to achieve degrowth without crashing the global economy is to change the way that money is issued. Yet, paradoxically, it would be advisable for central bankers to continue to publicly disagree with the Vollgeld and other debt-free-money campaigns’ suggested financial reforms - and for the campaigners to continue their campaigns regardless, not letting themselves be discouraged by the officials' stance.