Archives for

fossil fuel

The Corruption of Capitalism by Guy Standing: review by Brian Davey

This book is a powerful attack on rentier capitalism and, very explicitly, a call to revolt. Standing is at his best describing the features of crony capitalism that are totally different from the neo-liberal story of free markets that justifies it. While a very informative read, the analysis urgently needs to be expanded if the emerging commons movement is to be able to adapt to the limits to growth.

Reclaiming Commons through Land Value Tax, or a Wing and a Prayer

Patrick Noble suggests some ways in which "ordinary people may steer a course back into history and with luck – a course towards a newly egalitarian and convivial culture." In particular he focusses on basic income combined with a land value tax, as he believes these two initiatives could together "provide the simplest, most elegant regenerative tool for social justice."

Divestment from fossil fuels: a critical appraisal

David Knight considers four possible reasons for divestment from fossil fuels. He concludes that divestment can help to bring about changes needed to tackle the negative impacts of fossil fuel production and use, but it cannot substitute for concerted and rigorous action at international and national governmental levels to keep fossil fuels in the ground.

Peak Oil Revisited…

Brian Davey presents evidence that the peaking of conventional 'legacy' oil production back in 2005, and its subsequent decline, is inexorably leading to a transfer of resources from discretionary consumption to investment in energy infrastructure throughout the industrialised world. He believes that there is no way out of the Catch 22 within the growth economy model and that this is why de-growth is needed.

Press release: Feasta climate group response to the Working Group 3 contribution to the IPCC’s fifth assessment report

We find the latest IPCC report's emphasis on climate as a "global commons problem" helpful and constructive. However, the economy must break its dependency on GDP growth in order to achieve emissions reduction without economic collapse. Fortunately the potential exists for significant co-benefits from climate mitigation, including poverty alleviation and reduced inequality. Grassroots legal action could help give teeth to the international institutions needed for cooperation.